Formulation and

Implementation of
Business Strategies
This presentation will outline the key components of business strategies,
including vision, mission, values, Porter's generic strategies, and the role of
organizational structure and resource allocation. We will also explore the
importance of strategic control, leadership, and change management in
executing strategies effectively.

Viddhi Mojidra, 06.

Vision, Mission, and Values
A strong vision inspires and guides a company in achieving its long-term goals.
A well-crafted mission statement defines the company's purpose and core
values. By aligning strategies with these pillars, organizations can create a
powerful foundation for success.
Guiding Strategic Objectives

1 Strategic Planning

Ensure that strategic objectives are aligned with the company's vision, mission, and
values through a comprehensive planning process.

2 Setting Performance Metrics

Establish key performance indicators (KPIs) and targets to measure progress towards
strategic objectives.

3 Regular Evaluation

Continuously monitor and evaluate the performance of strategies to identify areas for
improvement and optimization.
Porter's Generic Strategies
Porter's Generic Strategies framework provides options for companies to gain a competitive advantage in
their industry. These strategies include cost leadership, differentiation, and focus, and their relevance
may vary depending on the specific industry and market conditions.

They can be used individually or in

combination.

Each strategy is best suited for specific market

conditions and organizational strengths

Significance- Competitive edge, Strategic

clarity, informed decisions
Relevance in Different Industries
Cost Leadership Differentiation Focus

Especially effective in Works well in industries Particularly advantageous in

highly competitive where innovation and niche markets or when
industries where price is a unique features are valued catering to a specific
decisive factor. Eg-walmart by customers.eg- Apple customer segment. Eg-Rapha
Organizational Structure and
Resource Allocation
An efficient organizational structure enables the effective distribution of
resources, sets clear lines of authority and accountability, and fosters effective
communication. Proper resource allocation ensures that resources are
optimally utilized to support strategic objectives.
Strategic Control, Leadership, and Change
Management

Strategic Control Strategic Leadership Change Management

Implement mechanisms to Inspire and motivate teams to Facilitate seamless transitions

monitor and adjust strategies execute strategies effectively by effectively managing
as needed to ensure alignment and adapt to changing market resistance and fostering a
with organizational goals. dynamics. culture of adaptation and
innovation.
Pivotal Roles in Executing Strategies
Effectively
1 Alignment 2 Efficiency

Ensure strategies are aligned with the Optimize resource allocation and
organization's vision, mission, and values. streamline processes to maximize
efficiency.

3 Adaptability 4 Monitoring

Be agile and responsive to change, Regularly assess performance and adjust

embracing innovative approaches when strategies accordingly.
necessary.
THANK YOU
-Viddhi Mojidra, 06.