When you had to grow a strategy for a tiny software house employing fifty or therefore professional computer people, then how would you go regarding it? What area would you use to check whether or not the strategy was sound?
A firm of such size is most likely owned and run by the top management along with some outside financial backing, therefore you must work first of all along with this group of stakeholders. You could acquire it into stages as given below:
a. Collect data: What is the thinking of management team? What are the company’s strengths and weaknesses (by using SWOT?) and core competencies? What about markets and competitors.
b. Develop some options and estimate their attractiveness. Decide onto the type of business they want to be.
c. Make a vision for the business and a strategy to attain this.
d. Position the skills, structures, styles, systems, staff and shared values within place to attain the strategy.
To check the soundness of the strategy you could ask someone else to calculate this for like:
•Clarity: Do each of the company’s managers identify what to do into their part of the business to maintain the strategy?
•Empowerment: Is everybody enthusiastic regarding this and do they feel empowered to act to attained this?
•Concentration: Does the strategy focus onto the core competences of the business?
•Flexibility: Can the strategy be flexed within the face of market modifications and aggressive pressures?