Strategy Development Processes

Description: Strategy development is the process of researching and identifying strategic options, selecting the most promising and deciding how resources will be allocated across the organization to achieve objectives. Key questions to be considered include the key questions an organization needs to ask in connection with its future, including * What business are we in? Or what business should we be in? (Mission) * How are we doing? What is going well? What is not so successful? * How did we get to this point? What went well? What went wrong? * How can we improve our position? * What options are open to us? * What might hinder us from getting there? * What should we not do?