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Episode 7: Beyond Buzzwords: The True Definition Of Strategy

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Manage episode 423188913 series 3572938
Indhold leveret af Werner Mouton,CGMA, Werner Mouton, and CGMA. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Werner Mouton,CGMA, Werner Mouton, and CGMA eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Beyond Buzzwords: The True Definition Of Strategy

Host: Werner Mouton, CGMA

5 Key Takeaways:

1. Clear Definition of Strategy:

• "A strategy is a clever plan to get you from where you are currently to where you want to be when competition is present" - Werner Mouton, CGMA. This definition emphasizes the importance of having a strategic approach when there is competition.

2. Common Misconceptions:

• Many book and strategy resources tend to confuse readers by listing characteristics rather than providing a clear definition. This leads to confusion and disillusionment among business owners.

3. Importance of Competition:

• Strategy becomes crucial when there is competition. For instance, if you need to get bread and there is a shortage, you will need a strategic plan to ensure you get it. The presence of competition transforms a simple plan into a strategic one.

4. Dynamic Nature of Strategy:

• Strategy is not fixed; it evolves based on new information and changing circumstances. Business owners should be flexible and willing to adjust their strategies as needed.

5. Start with a Definition:

• To effectively develop a strategy, begin with a clear understanding of what strategy is. Once you have this foundation, you can delve into characteristics, frameworks, and tactics to build a robust strategy.

For further insights into starting and growing a profitable and sustainable business, sign up for my free newsletter: Better Business Insights.

Free Strategy Workbook: https://wmadvise.ck.page/newsletter


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.wernermouton.com
  continue reading

14 episoder

Artwork
iconDel
 

Arkiveret serie ("Inaktivt feed" status)

When? This feed was archived on September 02, 2024 20:04 (2M ago). Last successful fetch was on August 01, 2024 11:04 (3M ago)

Why? Inaktivt feed status. Vores servere kunne ikke hente et gyldigt podcast-feed i en længere periode.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 423188913 series 3572938
Indhold leveret af Werner Mouton,CGMA, Werner Mouton, and CGMA. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af Werner Mouton,CGMA, Werner Mouton, and CGMA eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Beyond Buzzwords: The True Definition Of Strategy

Host: Werner Mouton, CGMA

5 Key Takeaways:

1. Clear Definition of Strategy:

• "A strategy is a clever plan to get you from where you are currently to where you want to be when competition is present" - Werner Mouton, CGMA. This definition emphasizes the importance of having a strategic approach when there is competition.

2. Common Misconceptions:

• Many book and strategy resources tend to confuse readers by listing characteristics rather than providing a clear definition. This leads to confusion and disillusionment among business owners.

3. Importance of Competition:

• Strategy becomes crucial when there is competition. For instance, if you need to get bread and there is a shortage, you will need a strategic plan to ensure you get it. The presence of competition transforms a simple plan into a strategic one.

4. Dynamic Nature of Strategy:

• Strategy is not fixed; it evolves based on new information and changing circumstances. Business owners should be flexible and willing to adjust their strategies as needed.

5. Start with a Definition:

• To effectively develop a strategy, begin with a clear understanding of what strategy is. Once you have this foundation, you can delve into characteristics, frameworks, and tactics to build a robust strategy.

For further insights into starting and growing a profitable and sustainable business, sign up for my free newsletter: Better Business Insights.

Free Strategy Workbook: https://wmadvise.ck.page/newsletter


This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.wernermouton.com
  continue reading

14 episoder

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