How to Build a Strategy: 4 Pillars (2024)

Everyone has goals they would like to achieve and ideas they would like to materialize, however many times the goals and ideas are never realized due to a lack in the ability to create an actionable strategy that leverages resources effectively towards an appropriate plan of action. Simply put, a strategy is a high level plan to achieve one or more goals, more often than not, under conditions of uncertainty. This article discusses my approach on “How to Build a Strategy” that I recently presented to a US government entity.

Building a strategy in an organization requires clear communication, expectation management and teamwork. One way to ensure that everyone is on the same page is to check in with key stakeholder throughout the process.

The 4 pillars for strategy are: Vision, Analysis, Target & Plan.

How to Build a Strategy: 4 Pillars (1)

A strategy needs to built on the foundation of an overarching vision that it is meant to achieve. In this sense it is important to acquire guidance on the vision from supervisory authorities of the strategy. In the event such authorities do not exist, establish a vision one from scratch. Following the vision statement, determine the purpose of the strategy, and review and confirm what internal financial, political and non-monetary resource support for the strategy would entail. Many strategies fail due to lack of one or more types of “support”.

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The analysis pillar of creating a strategy builds on the vision and goals, and assesses existing strategies that have been implemented. The assessment on previous strategies would focus on identifying gaps in fulfilling the new vision. At this stage existing goals should be reviewed to determine if they need to be reworded or amended in anyway. Then examine the success/failure of efforts taken so far and resources that have been already leveraged. With this in mind extend the analysis to Core Reinforcement and Growth Investment.

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How to Build a Strategy: 4 Pillars (4)

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With improved situational awareness of the existing efforts, gaps, resources, core strengths and areas for growth investment, a targeted focus of objectives can be achieved. In the targeting phase of strategy, specific goals and outcomes need to be determined. For each goal, lines of effort should be described. After goals and lines of effort for them are identified, then tactical approaches should be created, given the available resources (political, financial, non monetary) in mind. When possible, metrics should be identified and used to measure progress and success of the efforts. Keeping in mind that there are both tangible and intangible methods to measure progress, effectiveness and success of a strategy.

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The planning pillar of the strategy brings everything together in a plan of action. Efforts identified in the targeting phase should be priority-centric based on criticality to the achievement of the goals. For optimized and effective use of time and resources the goals should be prioritized as well. Then a timeline should be created with projected dates for executing and accomplishing tactical efforts and achieving goals. Keeping in mind political, resource and support constraints. Key stakeholders who need to be notified of the progress should be identified and it is important to make note of the specific way in which they should be updated on the progress of the strategy and its efforts.

Be ready to be creative andagile….

As German military strategist Helmuth von Moltke said “No plan survives contact with the enemy.” So be ready to modify elements of the strategy as needed. Former U.S. President Dwight Eisenhower echoed this perspective and highlighted the value of preparation and planning when he said “In preparing for battle I have always found that plans are useless but planning is indispensable.”

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Dr. Lydia Kostopoulos (@LKCYBER) develops strategy, speaks internationally on disruptive technologies trends and ethics; consults on security and strategy matters, teaches national security courses, and builds curriculum. She participates in NATO’s Science for Peace Program (SPS), and is a member of the FBI’s InfraGard Alliance. Currently she is the Director for Strategic Engagement at the College of Information and Cyberspace at the National Defense University in Washington DC www.lkcyber.com

How to Build a Strategy: 4 Pillars (2024)

FAQs

What are the 4 questions of strategy? ›

A good strategy provides clear and concise answers to four key questions:
  • Where do we compete? ...
  • What unique value do we bring to win in those markets? ...
  • What resources and capabilities do we utilize to deliver that value? ...
  • How do we sustain our ability to provide that unique value?

What are the 4 pillars of strategic planning? ›

Building a strategy in an organization requires clear communication, expectation management and teamwork. One way to ensure that everyone is on the same page is to check in with key stakeholder throughout the process. The 4 pillars for strategy are: Vision, Analysis, Target & Plan.

What are the 4 questions companies must answer in developing good strategy? ›

Questions to Ask When Creating a Strategy

Where are we going to be in the future? What are we going to apply our resources into or against in order to get there? How are we going to do this? And when or how are we going to exit, adapt, or change course?

What are the 4 elements of strategy? ›

Several components are involved in developing a comprehensive corporate strategy. The four most widely accepted key components of corporate strategy are visioning, objective setting, resource allocation, and prioritization.

What are the 4 P's of strategy service strategy? ›

This blog is all about the 4 Ps of service strategy: perspective, position, plan, and pattern, and how they can help your company deliver the best IT services on the market.

What is 4 strategic analysis? ›

Strategic analysis (sometimes referred to as a strategic market analysis) is the process of gathering data that helps a company's leaders decide on priorities and goals, shaping (or shifting) a long-term strategy for the business.

How to write strategic pillars? ›

Do's and don'ts to consider when defining strategic pillars
  1. Ensure alignment with your organization's vision, mission, and values.
  2. Involve key stakeholders in the process.
  3. Make the pillars clear, concise, and actionable.
  4. Regularly review and update your strategic pillars based on changes in the business environment.

What are the 4 steps for a successful business strategy? ›

Here are the four key drivers for successful strategy development:
  • Focus on What You Are Best At.
  • Identify Your Goals.
  • Agree on Priorities and Time Horizon.
  • Create a Strategy That Is Not All-Inclusive.
Oct 9, 2018

How to formulate a strategy? ›

Developing a business strategy in 10 steps
  1. Develop a true vision. ...
  2. Define competitive advantage. ...
  3. Define your targets. ...
  4. Focus on systematic growth. ...
  5. Make fact-based decisions. ...
  6. Long-term strategic business plan. ...
  7. Flexible strategy development. ...
  8. Be strategically inclusive.
May 12, 2023

What is one of the four major growth strategies? ›

The four strategies Ansoff identifies are market penetration, product development, market development, and diversification.

How to write a strategy plan? ›

How to write a strategic plan
  1. Consider the company mission. The mission for a business describes what the company does. ...
  2. Establish a communal vision. ...
  3. State key values. ...
  4. Develop focus areas. ...
  5. Create specific objectives. ...
  6. Describe projects. ...
  7. Define key performance indicators.
Feb 3, 2023

What are the key elements of strategy? ›

Skipping these important steps can leave your organization without direction. Read ahead to learn more about the six vital elements of strategic planning: vision, mission, objectives, strategy, approach, and tactics.

What are the 5 key elements of strategy? ›

These five elements of strategy include Arenas, Differentiators, Vehicles, Staging, and Economic Logic. This model was developed by strategy researchers Donald Hambrick and James Fredrickson. To achieve key objectives, every business must assemble a series of strategies.

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