Ecosystem Strategy Questions

  • What is the unique value proposition of the ecosystem you want to create?
  • Who has already built ecosystems to create a similar value proposition?
  • Do you have the resources and capabilities to be the orchestrator of a new ecosystem and overcome the advantages of the existing ecosystems?
  • If trusted partners have the complementary resources you need to create your ecosystem, should you invite them as core partners?
  • If

[ Read more ]

9 Questions to Ask to Decide Whether to Join a Business Ecosystem

  1. Is it now, or will it likely be, a winning ecosystem?
  2. How well do the purpose and culture of the ecosystem resonate with your own values and preferences?
  3. Are commitments required (exclusivity, for example, or ecosystem-specific investments) that could limit your future flexibility?
  4. Do you have the transparency and decision rights to understand and influence the development of the ecosystem?
  5. To what extent do regulations for input,

[ Read more ]

3 Questions to Nail the Next 5 Years

  1. What’s important?
  2. What should be the same?
  3. What needs to change?

5 Critical Strategy Questions

Great strategies answer five critical questions (“the strategic five”) in ways that are unique to your company:

  1. What business or businesses should your company be in?
  2. How should you add value to your businesses?
  3. Who should be the target customers for your businesses?
  4. What should be your value propositions to those target customers?
  5. What capabilities should differentiate your ability to add value to your businesses and deliver their

[ Read more ]

8 Questions about Your Value-Creation Strategy

Companies collect and analyze a great deal of information in order to estimate their value-creation potential. But in our experience, that information doesn’t always help them answer the most important questions when it comes to creating a detailed value-creation strategy. Below are eight questions that we believe should inform every company’s strategy to create value. If you don’t know the answers to these questions, you … [ Read more ]

5 Strategy Questions Every Leader Should Make Time For

  1. What does not fit? Ask yourself, of the various activities and businesses that you have moved into, do they make sense together? Individually, each of them may seem attractive, but can you explain why they would work well together; why the sum is greater than the parts?
  2. What would an outsider do? Firms often suffer from legacy products, projects, or beliefs. Things they do

[ Read more ]

Build, Borrow, or Buy

In Build, Borrow, or Buy, Laurence Capron and Will Mitchell a highly structured examination of the three fundamental modes — or “pathways” — for obtaining the resources needed to grow. They are: developing the needed resources internally, or “building” them; contracting or partnering to obtain resources, or “borrowing” them; and acquiring, or “buying” them. According to the authors, companies should be adept at all three. … [ Read more ]

Questions to Test Strategy

  • Does it violate any strategic laws of gravity?
  • Do my numbers match my strategy?
  • Will it create value?
  • Is it material?
  • Is it differentiated?
  • Is it just ‘PowerPoint engineering’? (assuming that anything people say they can do, they can do)
  • Where are we in our strategic journey?
  • Are we properly balancing growth and risk?
  • What are the facts?
  • Is the problem solvable, and do we care?
  • Who can solve that problem?
  • Why might we fail?
  • How

[ Read more ]

Questions about Your Business Model

Value proposition

  • Is your value proposition well aligned with customer needs?
  • Could someone offer a better deal?
  • What other jobs could you do on behalf of customers?

Customer segments

  • Are you continuously acquiring new customers?
  • Could the market become saturated?
  • What new segments could you serve?

Channels

  • Are your delivery channels efficient?
  • Are your channels in danger of becoming irrelevant?
  • How can you improve channel effectiveness?

Customer relationships

  • Are you easily replaced by a

[ Read more ]

9 Business Model Questions

  1. Customer Segments. For whom are we creating value? Who are our most important customers?
  2. Value Propositions. What value do we deliver to the customer? Which one of our customer’s problems are we helping to solve? Which customer needs are we satisfying? What bundles of products and services are we offering to each Customer Segment?
  3. Channels. Through which Channels do our Customer Segments want to be

[ Read more ]

4 Business Model Design Parameters

If you were to design a business model from scratch, you would have to make four decisions:

  1. What are the boundaries of my business, both vertically (the degree of integration along the value chain) and horizontally (the width of the portfolio of products offered and markets served)?
  2. What is the nature of the relationships between my business and parties outside the boundaries of my business,

[ Read more ]

Checklist (Questions) for Annual Planning Process

Approach

  • What style of annual planning is right for our company?
  • Where are we drawing external inspiration from?
  • How are we tailoring it to our business model and stage?
  • Is there anything we explicitly don’t want to do, because it’s not a fit or we don’t agree with it?

Vision

  • How far forward are we looking?
  • How are we balancing a big vision with what we can practically do in

[ Read more ]

Ecosystem Questions

Ecosystems and ecosystem thinking are the lens through which you should view important decisions about your value proposition, as well as about how to capture and deliver value. Below are questions you should ask. 

Value Proposition

  • Will ecosystems change where we should compete?
  • What unmet customer needs will be most promising?
  • What new customer segments might we serve?    

Value Capture

  • How can we benefit from value pool shifts?
  • Which costs will drive

[ Read more ]

6 Strategy Reset Questions

Reset questions are the six questions a team asks when they are resetting the strategy: 

  1. What is the situation, and how will this change? 
  2. What is success? 
  3. Where will we play? 
  4. How will we win? 
  5. What will stop us? 
  6. What should we do?

Questions to Help (Re-)Assess a Company’s Performance

Capital markets

  • What has driven our historic shareholder returns over various time horizons?
  • How does our valuation stack up to peers’ today, and why?
  • What are the highest-impact levers to change our valuation (growth, margin improvement rates, etcetera)?

Strategy

Are we in the right businesses, geographies, sectors, product lines, and customer segments?

How can we strengthen our competitive advantage in these chosen areas?

What are our highest-potential M&A, partnership, and divestment opportunities?

Commercial

  • What

[ Read more ]

Business Model Innovation Questions

The following questions, based on BCG research into the characteristics of robust, resilient business models, can help you navigate this part of the process:

  • Can the business model scale effectively? Can it be replicated across all your business units or the markets you serve, without diminishing returns?
  • Will the business model differentiate your brand or product and make it more competitive in the marketplace?
  • Will it reduce

[ Read more ]

Tough Questions to Ask About Your Company’s Strategy

Way to Play

  • Are we clear about how we choose to create value in the marketplace?
  • Are we investing in the capabilities that really matter to our way to play?

Capabilities System

  • Can we articulate the three to six capabilities that describe what we do uniquely better than anyone else?
  • Have we defined how they work together in a system?
  • Do our strategy documents reflect this?

[ Read more ]

10 Digital Disruption Questions for Executives

  1. How are you deploying digital technology to proactively disrupt your industry?
  2. How are you keeping track of the “ratchet effect” customers have when interacting with businesses, both online and offline? Do you know not only what’s best-in-class, but also what is best-in-any-class?
  3. How differently do your customers experience your company online versus offline?
  4. How do you assess your company’s competitive essence and how it

[ Read more ]

Fit for Growth Questions

How can you tell if your company is fit for growth? Here is a simple, three-question diagnostic:

  1. Do you have clear priorities, focused on strategic growth, that drive your investments?
  2. Do your costs line up with those priorities? In other words, do you deploy your resources toward them efficiently and effectively?
  3. Is your organization set up to enable you to achieve those priorities?

Source: Is Your Company Fit[ Read more ]

5 Questions for Detecting Competitive Threats

  1. How willing are customers to continue to pay for further improvements in performance that historically merited attractive price premiums? One of the key tipping points in a market occurs when a company, in Christensen’s language, overshoots a given market tier by providing them performance that they can’t use. Your television remote control probably serves as a daily reminder of overshooting. Each of those buttons can

[ Read more ]