Strategy Forming with Foresight™ is a framework designed to compare external market dynamics and internal competencies to help decision-makers discover optimal business opportunities for the company. Featuring Foresight’s proprietary Lean Strategic Decision Model, or LSDM for short, we help companies implement a process that improves strategic decision-making. We implement a number of other strategy techniques, as explained below.
Techniques to formulate strategy
- Market assessment
- Environmental analysis
- Competitive analysis
- Business / Portfolio analysis
- Financial analysis
- Product portfolio mapping
- Strategic decision modeling
- Business plan development
The Lean Strategic Decision Model (LSDM)
Companies that make sound strategic decisions establish a foundation for future success. Yet, many implement suboptimal strategic decisions because of haphazard decision approaches that subject leadership teams to poor strategic issue framing, inadequate key factor identification, laborious data collection, and detrimental group dynamics. Our firm has developed the proprietary process titled the Lean Strategic Decision Model which efficiently drives better strategic decisions.
The LSDM is explained in Steve’s book “Stratification: How strategic decision processes will create sustainable competitive advantage.” For more information about LSDM click on this link: www.leansdm.com. This book contains a step-by-step guide to teach you how to implement this strategic decision process to your team.
“Stratification” is available on Amazon. To order or view an excerpt, click on this Amazon link. “Stratification” is a useful assistance guide for the “do-it-yourselfer” strategist.
Foresight can improve your company’s strategic decision-making in a number of other ways:
- Online webinars
- Half-day or Full-day training sessions
- Consulting projects to facilitate LSDM implementation with your strategy team
Contact us directly to schedule a discussion to identify which option is best for you.
Other strategy readings:
“Making SWOT Analysis Relevant”