Week 7

Learnt

A good Business Strategy comprise of the following:

1. What “Intend” to do
   · Asymmetric Strategy
   · Offensive Strategy
   · Defensive Strategy
2. Explain “why” will be successful
   · Justify cause-effect relationship and assumptions
   · Show how competition react and impact to our strategy
3. Details “how” business intend to execute
   · Credible Plan of Action, address issues of competency, resources and organizational system or business design
   · Suggest Alternatives or Contingencies on how to reduce the impact
4. Identifies Financial and Non-financial Outcomes
   · Model economics sufficiently to deliver expectation of investors
   · Identifies non-financial measure of success
5. Periodic Evaluation
6. Based on STRATEGICSTM process of identifying and solving specific strategic issues, taking decisions and implementation
7. Built high level of collective confidence that it will be successful

Unlearn

Self learn and less teaches back to subordinates. No clear goals or objectives for strategy setting.

Relearn

As the leader of my team, I apply and teach back on the “Hub and Wheel” Model strategy with my working team on the E-card program. I shared with my superior, marketing team and my Philippines colleagues on winning and positioning of this E-card program using the offensive strategy by clearly defining on the 6 steps using the “Hub and Wheel” model. I will be using it to defend my Private Hospital Norvasc market share (will share it in my Strategy Planning assignment module).