Phases of strategic decision making

My process of developing effective strategies originates from science and is practiced in strategy consulting.

• Identifying the problem

  The key to a successful plan is to understand the challenges a company is facing. This first phase is about finding out what the problem is. Diagnosing symptoms, objectives and root causes is key, as is defining constraints and stakeholders that limit the solution space. The first phase leads to a problem statement that is to be addressed by my strategy.

• Structuring of the problem

  Secondly, I structure the problem. Structuring the problem ensures a problem-oriented solution, supports concentration on the core issues and keeps the complexity manageable.

• Analyzing and understanding

  With a structure, I can approach the individual parts of the problem scientifically. I do this by formulating questions and developing hypotheses. By analyzing them with my specialist knowledge, I can reject or affirm them and thus gain insights into the problem step by step. I want to know exactly how the problem arose so that I can look at it holistically.

• Developing a plan

  While the first three phases were past-oriented, I now turn to the future and try to develop measures to address the core problems I analyzed previously. To do this, I create scenarios to structure the possibility, plausibility, probability and desirability of certain events.

• Activating the ressources

  Finally, I communicate the solution by illustrating my main points in a logically consistent way. By adopting my strategic plan, you can develop guidelines that will lead your business to success and overcome the challenges you face.