Establishing company goals and develop action plan
Generating a prospect list of strong partnerships depending on industry
Facilitating communication between business entities
Providing strategic insight and guidance for business goals
Arbitrating business decisions and strategies until contracts are signed
Core competency strategies
Identifying the core business practices within the company that can leverage existing strengths to maximize profitability.
If the company has established a reputation for providing high-quality goods and services that are consistent, this core competency could remain a long-term strategy that ensures sustainable growth.
Product or services strategies
Requires focus on quality control of existing products or services, as well as development of new offerings.
This process involves four activities − definition of market, development of offering, development of strategic assets, and preparation for the implementation of the strategies.