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HOSPITALITY LEADERSHIP – Part VII

By Abir Be, Entrepreneur @ Author Strategies aren’t a guessing game. You need a strategy. But you don’t know how to create it:⤷ How do you know it’s the right one? ⤷ Is there a universal template?⤷ Where should you begin? It can be confusing.  Only 10% of organisations successfully execute their strategies.(Forbes) You don’t want your…

By Abir Be, Entrepreneur @ Author

Strategies aren’t a guessing game.

You need a strategy.

But you don’t know how to create it:
⤷ How do you know it’s the right one? 
⤷ Is there a universal template?
⤷ Where should you begin?

It can be confusing. 

Only 10% of organisations 
successfully execute their strategies.
(Forbes)

You don’t want your business to be one of them. 

The good news ⤵
There are plenty of frameworks to use as a guide:

➯ Balanced Scorecard

  • Set clear goals and track progress.

➯ VRIO Framework

  • Consult your resources for advantages.

➯ McKinsey 7-S Framework

  • Identify gaps and plan for improvement.

➯ SWOT Analysis

  • Utilize for strategic advantage.

It’s all about finding your method.

➟ Plan your strategy carefully.  
➟ Follow and adapt the plan. 
➟ Check the final results
➟ Learn and repeat.

The right approach is within reach.


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