Strategy and Execution
Business Stress Test/ Business Strategy Self Assessment
(PROFESSIONAL VERSION ONLY)
The Strat/Assess model can be used as:
- an integral business organisational Process survey tool/Progress survey tool by development stage of the Business Creation Process or for an existing company
- next to functional process survey tools as published by e.g. Philips and the E.F.Q.M.(the European Foundation for Quality Management):
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The Strat/Assess model provides in 1 A4 a complete picture of the project status and/or the entire company.
The Strat/Assess model can be used for:
1. Complete new business plans
2. Existing business plans/businesses
Just 5 steps:
- Formulate your business plan(s) with the business plan support guide
- Score each chapter(self assessment-stress test)
- Complete the dashboard with the chapter scores
- Review and improve: have a strategic discussion on the results
- Optional: review portfolio results (PDCA)
Strat/Assess as a quick business scan provides a business score card when completed top-down:
- fast first filtering of business ideas and basic concepts in the scouting stage
- a very fast first insight of the business case
- an impression on where to put first basic improvement actions and related efforts
- an intake document to define the business climate indicating areas for improvement towards the desired state
- insight in an existing company: X ray of a company
- a business stress test
It contributes to a stretched decision making oriented approach with "checks and balances" leading to:
"Survival of the fittest" business cases/projects/businesses
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According to the underlying theory a business will fail when not all scores are at 3 level at time of market introduction (at the latest) or when scored for an existing company.
- Selection new business case/projects to be elaborated in the next stages:
- Feasibility study of the product/service offering and customer value proposition
- Prototype product/service offering
- Completing and detailing the product/service offering specification
- Final testing, control and validation
- Market introduction/launch preparation
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These stages are compatible with similar models:
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0. Scouting stage
- Selection of new business cases/projects to be elaborated in the next stages
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1. Concept/Basic outline of a business plan
2. Initial business plan/tryout
3. Advanced business plan: product/service development
4. Complete business plan: market introduction/launch
Integral Business Development by business/project stage
1. Self assessment tool at the end of each stage
2. Leads to improvement plans aiming for the desired state.
Example element scoring:
P.D.C.A.: PLAN DO CHECK ACT principle/SMART objectives
Resulting in:
3. Identification of missing and unsufficient elements
4. Measurement of the maturity of the business plan or existing company.
Fits well in E.F.Q.M/ INK model and the SIX SIGMA approach:
Source: EFQM
