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1.2 - Develop business strategy

PCF ID: 10015 | Elements: 59 | Metrics Available: N | Benchmarkable: 0

Definition

Developing an organization's mission statement, strategy, and business design. Create a concise statement that clearly articulates the mission of the organization, outlining practicable targets to Establish a strategic vision [10020]. Delineate strategic options by matching these alternatives with the organization's internal capabilities. Create an organizational design, and identify goals by developing strategies at the functional and process levels.

Overview

This process group covers develop business strategy within the broader context of Develop Vision and Strategy.

Process Hierarchy

Processes

IDProcessPCF IDSub-elementsMetrics
1.2.1Develop overall mission statement100373N
1.2.2Define and evaluate strategic options to achieve the objectives1003816N
1.2.3Select long-term business strategy100390N
1.2.4Coordinate and align functional and process strategies100400N
1.2.5Create organizational design100418N
1.2.6Develop and set organizational goals100423N
1.2.7Formulate business unit strategies100433N
1.2.8Develop customer experience strategy1995916N
1.2.9Communicate strategies internally and externally189160N

1.2.1 - Develop overall mission statement

PCF ID: 10037

Definition: Establishing an overarching, compact statement that concisely underscores the mission of the organization. Define and communicate a clear and succinct mission statement, which encapsulates how the organization aims to proceed in order to Establish a strategic vision [10020]. Solicit critical inputs from senior management and strategy executives, and collaborate with marketing or personnel from allied functions.

IDActivityPCF IDTasksMetrics
1.2.1.1Define current business100440N
1.2.1.2Formulate mission100450N
1.2.1.3Communicate mission100460N
1.2.1.1 - Define current business

Definition: Defining the status quo relating to the de facto core of what the business is. Reflect over the fundamental essence of what the business accomplishes and the manner in which it operates. Look beyond the obvious solution capabilities to delineate capacities that form the basis of the business engine. Involve senior executives and management personnel and possibly professional services providers.

1.2.1.2 - Formulate mission

Definition: Outlining actionable objectives that effectively set a course to fulfill the organization's vision. In this fundamental activity, articulate certain goals or targets in broad but practicable terms to reach long-term objectives.

1.2.1.3 - Communicate mission

Definition: Developing and executing a communication strategy to convey the mission statement. Create a universal communication strategy and appropriate delivery channels, with the objective of leveraging the latter to execute the former. Convey the inherent message of the mission to all stakeholders, including employees, customers, and the public. Ensure collaboration between senior strategy personnel and the communications/marketing team.

1.2.2 - Define and evaluate strategic options to achieve the objectives

PCF ID: 10038

Definition: Assessing sets of strategic decisions designed to drive the organization's long-term objectives. Identify various strategies concerning core functional areas. Appraise strategic options in light of auxiliary decision frameworks that ensure smooth functioning, the advancement of functional efficiencies, and vitality. Involve senior management executives, especially strategy and/or business unit personnel, with need-based consultative assistance from professional services providers.

IDActivityPCF IDTasksMetrics
1.2.2.1Define strategic options100471N
1.2.2.2Assess and analyze impact of each option100482N
1.2.2.3Develop B2B strategy168001N
1.2.2.4Develop B2C strategy168020N
1.2.2.5Develop partner/alliance strategy168030N
1.2.2.6Develop merger/demerger/acquisition/exit strategy168050N
1.2.2.7Develop innovation strategy168060N
1.2.2.8Develop sustainability strategy141890N
1.2.2.9Develop global support strategy199500N
1.2.2.10Develop shared services strategy199510N
1.2.2.11Develop lean/continuous improvement strategy141970N
1.2.2.12Develop innovation strategy and framework199520N
1.2.2.1 - Define strategic options (1 tasks)

Definition: Defining the various options available to achieve the goals highlighted in the mission statement. Delineate (in accordance with a predefined criteria) the various permutations of strategic decisions that would help the organization achieve the objectives outlined in Develop overall mission statement [10037]. Involve senior management and key strategy personnel, with timely help from professional services providers.

IDTaskPCF IDDefinition
1.2.2.1.1Select partnerships and relationships to support t...18083Supporting the design, manufacture and distribution of product and services thro...
1.2.2.2 - Assess and analyze impact of each option (2 tasks)

Definition: Scoping and probing to study the impact of strategic options for fulfilling the organization's objectives. Estimate a measure of the impact effectuated by each set of strategic decisions, which comprise Define strategic options [10047]. Closely examine the consequences of each option.

IDTaskPCF IDDefinition
1.2.2.2.1Identify implications for key operating model busi...13289Determine impacts of elements such as staffing, skills, training, new markets, t...
1.2.2.2.2Identify implications for key technology aspects13290Determining key factors for technology ROI, benefits, architecture, etc.
1.2.2.3 - Develop B2B strategy (1 tasks)

Definition: Defining a long term plan of action and roadmap to achieve business to business objectives and goals.

IDTaskPCF IDDefinition
1.2.2.3.1Develop service as a product strategy16801Defining objectives related to business and delivery models to productize servic...
1.2.2.4 - Develop B2C strategy

Definition: Defining a long term plan of action and roadmap to achieve business to consumer objectives and goals.

1.2.2.5 - Develop partner/alliance strategy

Definition: Defining direction and plan objectives for partnering with other companies to deliver product/services. Focus on creating a vision and strategic objectives, and culminate in creating measures for strategic alliance or partnership.

1.2.2.6 - Develop merger/demerger/acquisition/exit strategy

Definition: Defining a strategy for corporate development. Include providing a framework for evaluating merger and acquisition candidates; and planning for a value creation through merging/demerging with a company, acquiring a company, or exiting from an already merged/acquired company.

1.2.2.7 - Develop innovation strategy

Definition: Developing a plan and vision to encourage advancements in technology or services. Create a roadmap for changing or innovating the business model to make business operations more competitive. Set up new R&D services for changing or bringing new value propositions, services, production processes, and invention of technology not previously used by competitors etc.

1.2.2.8 - Develop sustainability strategy

Definition: Formulating strategic options that create opportunities for the sustenance and prosperity of the business in the long run. Go beyond business longevity to consider alternate strategies that allow the organization's preservation of vitality over time. Earmark resources and target processes, the former of which are dedicated to the absorption of sustainable practices in the latter.

1.2.2.9 - Develop global support strategy

Definition: Developing a plan to deploy support services and support functions throughout the organization globally. Arrange the organization's functional support areas to create efficiencies of scale in the delivery of support services, globally.

1.2.2.10 - Develop shared services strategy

Definition: Charting a plan to leverage internal services and support functions throughout the organization. Delineate a framework of parameters and criteria to selectively filter service areas for inclusion among the organization's common resources. Arrange the organization's functional areas to create efficiencies of scale in the delivery of internal services.

1.2.2.11 - Develop lean/continuous improvement strategy

Definition: Developing strategies for the optimization of processes and the improvement of functional areas in order to improve the bottom line. Create a road map of decision choices that would allow the organization to continuously enhance process efficiencies and advance performance standards.

1.2.2.12 - Develop innovation strategy and framework

Definition: Creating a framework for disruptive change. Change includes practices for growth strategies, new product categories, services or business models. Changes generate significant new value for consumers, customers, and the corporation. It also seeks to leverage breakthrough disruptive innovation .

1.2.3 - Select long-term business strategy

PCF ID: 10039

Definition: Embracing a strategy for the achievement of business goals over the distant future. Espouse one of the strategic options for realizing its mission over the long term. Enlist senior management executives, comprising strategy and/or business unit personnel.

1.2.4 - Coordinate and align functional and process strategies

PCF ID: 10040

Definition: Aligning the approach and method of individual units, departments, systems, and operations within the organization, in accordance with the larger strategic course adopted. Employ the organization's strategic path to guide the functions, divisions, and operations. Calibrate the plan and method of each functional area, as well as the processes therein, to Select the long-term business strategy [10039].

1.2.5 - Create organizational design

PCF ID: 10041

Definition: Formulating a design for the organization's resources that allow it to meet its objectives. Develop a new framework for molding the organization's various processes into a coherent and seamless whole.

IDActivityPCF IDTasksMetrics
1.2.5.1Evaluate breadth and depth of organizational structure100490N
1.2.5.2Perform job-specific roles mapping and value-added analyses100500N
1.2.5.3Develop role activity diagrams to assess hand-off activity100510N
1.2.5.4Perform organization redesign workshops100520N
1.2.5.5Design the relationships between organizational units100530N
1.2.5.6Develop role analysis and activity diagrams for key processes100540N
1.2.5.7Assess organizational implication of feasible alternatives100550N
1.2.5.8Migrate to new organization100560N
1.2.5.1 - Evaluate breadth and depth of organizational structure

Definition: Evaluating the structural makeup of the organization, including pertinent features of and associated synergies among constituent elements. Examine the organization's architectural framework, paying close attention to the individual elements, the relations among them, and the conjoint and co-acting forces therein. Analyze functions and processes, as well as work-related positions. Scrutinize various relevant characteristics associated with each of them, depending upon the scale, scope, and type of organization.

1.2.5.2 - Perform job-specific roles mapping and value-added analyses

Definition: Appraising job-specific roles within the organizational chart and their hierarchical architecture. Analyze a map of work-related roles within the organizational structure. Examine the value added by the positions associated with jobs to be performed and how they stack up within the organization's operations.

1.2.5.3 - Develop role activity diagrams to assess hand-off activity

Definition: Examining the constituent exercises and undertakings within a work-related position for the purpose of effective delegation. Deconstruct job-specific roles into activities and visualize the relations among them, with the objective of assigning responsibilities to the appropriate personnel.

1.2.5.4 - Perform organization redesign workshops

Definition: Organizing workshop sessions to adopt organizational redesign. Communicate the organizational structure and mapping of responsibilities against job roles in order to facilitate an effective understanding among personnel. Use a collaborative process that may include participative workshop sessions.

1.2.5.5 - Design the relationships between organizational units

Definition: Fleshing out the connections and dependencies among the various units of the organization. Delineate the relationship among business units or process frameworks within the organization, in terms of activities, synergies, and shared resources and responsibilities. Formalize relationships among business units so that any mutual coherence is clearly understood and can be attended to.

1.2.5.6 - Develop role analysis and activity diagrams for key processes

Definition: Creating an understanding of the fit between job roles and organizational processes in order to properly place personnel. Deconstruct key processes into constituent activities, and examine job-related roles. Take cues from Develop role activity diagrams to assess hand-off activity [10051]. Map appropriate positions against these important processes, which in turn expedite the deployment of staff members.

1.2.5.7 - Assess organizational implication of feasible alternatives

Definition: Probing the repercussions of all practicable organizational design options. Analyze the significance and impact of workable organizational structure options. Closely examine the long-term impact of these frameworks over the functioning of the organization.

1.2.5.8 - Migrate to new organization

Definition: Embracing and ratifying a new organizational structure. (Assume the new framework to be the best fit through Assess the organizational implications of feasible alternatives [10055].)

1.2.6 - Develop and set organizational goals

PCF ID: 10042

Definition: Developing overall goals for the organization that help in accomplishing its mission. Formulate organization-wide targets in the near to middle term, which will accumulate and propel the organization to realize its long-term objectives, as outlined in Develop an overall mission statement [10037]. Enlist business unit heads or equivalent personnel, in close collaboration with senior management executives.

IDActivityPCF IDTasksMetrics
1.2.6.1Identify organizational goals199530N
1.2.6.2Establish baseline metrics199540N
1.2.6.3Monitor performance against goals199550N
1.2.6.1 - Identify organizational goals

Definition: Creating and developing strategic objectives that establishes a process to outline expected outcomes and guide employees' efforts.

1.2.6.2 - Establish baseline metrics

Definition: Establishing baselines that provide standards for assessing performance. Create metrics and KPI's for various functions/processes/activities based on organizational goals.

1.2.6.3 - Monitor performance against goals

Definition: Defining methodology and frequency of assessment for measuring and monitoring performance of various functions/processes/activities against standard set goals.

1.2.7 - Formulate business unit strategies

PCF ID: 10043

Definition: Charting a strategic course for business units in order to leverage opportunities, sidestep hurdles, and create synergies among each other. Create strategic road maps for the organization's units--in light of their individual resources and requirements, as well as their relationships with other business units--to achieve organizational goals.

IDActivityPCF IDTasksMetrics
1.2.7.1Analyze business unit strategies199560N
1.2.7.2Identify core competency for each business unit199570N
1.2.7.3Refine business unit strategies in support of company strategy199580N
1.2.7.1 - Analyze business unit strategies

Definition: Assessing the performance of a business unit against set organizational goals which are based on pre-defined metrics collected through various business unit operations.

1.2.7.2 - Identify core competency for each business unit

Definition: Determining the resources and skills of each business unit based on knowledge and technical capacity. Enable business units to meet customer needs and grow in a competitive marketplace.

1.2.7.3 - Refine business unit strategies in support of company strategy

Definition: Evaluating existing business unit strategy based on the company's strategy and eliminate unwanted/unnecessary resources/elements and re-consider necessary resources to meet the overall company's strategy.

1.2.8 - Develop customer experience strategy

PCF ID: 19959

Definition: Defining a roadmap to meet customer expectations while considering how it will affect the business.

IDActivityPCF IDTasksMetrics
1.2.8.1Assess customer experience199603N
1.2.8.2Design customer experience199647N
1.2.8.3Design customer experience support structure199712N
1.2.8.4Develop customer experience roadmap to develop and implement defined capabilities199740N
1.2.8.1 - Assess customer experience (3 tasks)

Definition: Measuring customer feedback in regard to product and services effectiveness based on overall satisfaction. The data to be analyzed is collected through surveys, customer responses, and feedbacks based on the delivered products/services.

IDTaskPCF IDDefinition
1.2.8.1.1Identify and review customer touchpoints19961Creating methods to gauge customer experiences, expectations, and suggestions. R...
1.2.8.1.2Assess customer experience across touchpoints19962Evaluating customer experiences, expectations, and suggestions in both liked and...
1.2.8.1.3Perform root cause analysis of problematic custome...19963Analyzing the core reason for the customer experience/feedback/response about th...
1.2.8.2 - Design customer experience (7 tasks)

Definition: Creating a design of how customers interact with the business by analyzing data captured through various customer interaction and customer involvement. These will be captured through various channels such as customer satisfaction surveys, feedback forms, product reviews, targeted studies, observational studies, or voice of customer research.

IDTaskPCF IDDefinition
1.2.8.2.1Define and manage personas16612Identifying a set of characteristics that define the demographic and behavioral ...
1.2.8.2.2Create customer journey maps19965Creating a story of the customer's experience: from initial contact, through the...
1.2.8.2.3Define single view of the customer for the organiz...19966Defining parameters to show aggregated, consistent, and holistic representation ...
1.2.8.2.4Define a vision for the customer experience19967Establishing a direction and vision on how the organization behaves towards cust...
1.2.8.2.5Validate with customers19968Creating a process to validate the sales process and the assumptions that underp...
1.2.8.2.6Align experience with brand values and business st...19969Aligning and defining a relevant, differentiated, and credible value proposition...
1.2.8.2.7Develop content strategy19970Planning, development, and management of content-written or in other media. Gett...
1.2.8.3 - Design customer experience support structure (2 tasks)

Definition: Creating a roadmap for customer experience support with an overall approach, process flow, and impact timeframe.

IDTaskPCF IDDefinition
1.2.8.3.1Identify required capabilities19972Determining the necessary skills and competencies required to efficiently collec...
1.2.8.3.2Identify impact on functional processes19973Identifying the affect of customer experience through customer experience suppor...
1.2.8.4 - Develop customer experience roadmap to develop and implement defined capabilities

Definition: Defining a standard guideline to create and execute the capacities of registering customer experiences in a timely manner. Create a common understanding of what behaviors are required to implement the strategy. Define what talent/skills your organization needs to reach customer experience goals.

1.2.9 - Communicate strategies internally and externally

PCF ID: 18916

Definition: Conveying planned procedures and methods to both internal departments and external stakeholders like customers, suppliers, etc., in an effective manner based on organizational objective.

Change Summary (v7.2.1 vs v6.1.1)

Changes indicated by:

  • +XXXXX - New element added
  • -XXXXX - Element removed
  • cXXXXX - Element changed
  • NEW - Newly introduced

Complete Element List with Definitions

All 59 elements
IDNameDefinition
1.2Develop business strategyDeveloping an organization's mission statement, strategy, and business design. Create a concise stat...
1.2.1Develop overall mission statementEstablishing an overarching, compact statement that concisely underscores the mission of the organiz...
1.2.1.1Define current businessDefining the status quo relating to the de facto core of what the business is. Reflect over the fund...
1.2.1.2Formulate missionOutlining actionable objectives that effectively set a course to fulfill the organization's vision. ...
1.2.1.3Communicate missionDeveloping and executing a communication strategy to convey the mission statement. Create a universa...
1.2.2Define and evaluate strategic options to...Assessing sets of strategic decisions designed to drive the organization's long-term objectives. Ide...
1.2.2.1Define strategic optionsDefining the various options available to achieve the goals highlighted in the mission statement. De...
1.2.2.1.1Select partnerships and relationships to...Supporting the design, manufacture and distribution of product and services through the extended ent...
1.2.2.2Assess and analyze impact of each optionScoping and probing to study the impact of strategic options for fulfilling the organization's objec...
1.2.2.2.1Identify implications for key operating ...Determine impacts of elements such as staffing, skills, training, new markets, technology, or polici...
1.2.2.2.2Identify implications for key technology...Determining key factors for technology ROI, benefits, architecture, etc.
1.2.2.3Develop B2B strategyDefining a long term plan of action and roadmap to achieve business to business objectives and goals...
1.2.2.3.1Develop service as a product strategyDefining objectives related to business and delivery models to productize service.
1.2.2.4Develop B2C strategyDefining a long term plan of action and roadmap to achieve business to consumer objectives and goals...
1.2.2.5Develop partner/alliance strategyDefining direction and plan objectives for partnering with other companies to deliver product/servic...
1.2.2.6Develop merger/demerger/acquisition/exit...Defining a strategy for corporate development. Include providing a framework for evaluating merger a...
1.2.2.7Develop innovation strategyDeveloping a plan and vision to encourage advancements in technology or services. Create a roadmap f...
1.2.2.8Develop sustainability strategyFormulating strategic options that create opportunities for the sustenance and prosperity of the bus...
1.2.2.9Develop global support strategyDeveloping a plan to deploy support services and support functions throughout the organization globa...
1.2.2.10Develop shared services strategyCharting a plan to leverage internal services and support functions throughout the organization. Del...
1.2.2.11Develop lean/continuous improvement stra...Developing strategies for the optimization of processes and the improvement of functional areas in o...
1.2.2.12Develop innovation strategy and framewor...Creating a framework for disruptive change. Change includes practices for growth strategies, new pro...
1.2.3Select long-term business strategyEmbracing a strategy for the achievement of business goals over the distant future. Espouse one of t...
1.2.4Coordinate and align functional and proc...Aligning the approach and method of individual units, departments, systems, and operations within th...
1.2.5Create organizational designFormulating a design for the organization's resources that allow it to meet its objectives. Develop ...
1.2.5.1Evaluate breadth and depth of organizati...Evaluating the structural makeup of the organization, including pertinent features of and associated...
1.2.5.2Perform job-specific roles mapping and v...Appraising job-specific roles within the organizational chart and their hierarchical architecture. A...
1.2.5.3Develop role activity diagrams to assess...Examining the constituent exercises and undertakings within a work-related position for the purpose ...
1.2.5.4Perform organization redesign workshopsOrganizing workshop sessions to adopt organizational redesign. Communicate the organizational struct...
1.2.5.5Design the relationships between organiz...Fleshing out the connections and dependencies among the various units of the organization. Delineate...
1.2.5.6Develop role analysis and activity diagr...Creating an understanding of the fit between job roles and organizational processes in order to prop...
1.2.5.7Assess organizational implication of fea...Probing the repercussions of all practicable organizational design options. Analyze the significance...
1.2.5.8Migrate to new organizationEmbracing and ratifying a new organizational structure. (Assume the new framework to be the best fit...
1.2.6Develop and set organizational goalsDeveloping overall goals for the organization that help in accomplishing its mission. Formulate orga...
1.2.6.1Identify organizational goalsCreating and developing strategic objectives that establishes a process to outline expected outcomes...
1.2.6.2Establish baseline metricsEstablishing baselines that provide standards for assessing performance. Create metrics and KPI's fo...
1.2.6.3Monitor performance against goalsDefining methodology and frequency of assessment for measuring and monitoring performance of various...
1.2.7Formulate business unit strategiesCharting a strategic course for business units in order to leverage opportunities, sidestep hurdles,...
1.2.7.1Analyze business unit strategiesAssessing the performance of a business unit against set organizational goals which are based on pre...
1.2.7.2Identify core competency for each busine...Determining the resources and skills of each business unit based on knowledge and technical capacity...
1.2.7.3Refine business unit strategies in suppo...Evaluating existing business unit strategy based on the company's strategy and eliminate unwanted/un...
1.2.8Develop customer experience strategyDefining a roadmap to meet customer expectations while considering how it will affect the business.
1.2.8.1Assess customer experienceMeasuring customer feedback in regard to product and services effectiveness based on overall satisfa...
1.2.8.1.1Identify and review customer touchpointsCreating methods to gauge customer experiences, expectations, and suggestions. Review both liked and...
1.2.8.1.2Assess customer experience across touchp...Evaluating customer experiences, expectations, and suggestions in both liked and disliked areas of t...
1.2.8.1.3Perform root cause analysis of problemat...Analyzing the core reason for the customer experience/feedback/response about the product/service to...
1.2.8.2Design customer experienceCreating a design of how customers interact with the business by analyzing data captured through var...
1.2.8.2.1Define and manage personasIdentifying a set of characteristics that define the demographic and behavioral patterns of the cust...
1.2.8.2.2Create customer journey mapsCreating a story of the customer's experience: from initial contact, through the process of engageme...
1.2.8.2.3Define single view of the customer for t...Defining parameters to show aggregated, consistent, and holistic representation of known data about ...
1.2.8.2.4Define a vision for the customer experie...Establishing a direction and vision on how the organization behaves towards customers in a consisten...
1.2.8.2.5Validate with customersCreating a process to validate the sales process and the assumptions that underpin the business mode...
1.2.8.2.6Align experience with brand values and b...Aligning and defining a relevant, differentiated, and credible value proposition for the brand. Alig...
1.2.8.2.7Develop content strategyPlanning, development, and management of content-written or in other media. Getting the right conten...
1.2.8.3Design customer experience support struc...Creating a roadmap for customer experience support with an overall approach, process flow, and impac...
1.2.8.3.1Identify required capabilitiesDetermining the necessary skills and competencies required to efficiently collect customer experienc...
1.2.8.3.2Identify impact on functional processesIdentifying the affect of customer experience through customer experience support structure on other...
1.2.8.4Develop customer experience roadmap to d...Defining a standard guideline to create and execute the capacities of registering customer experienc...
1.2.9Communicate strategies internally and ex...Conveying planned procedures and methods to both internal departments and external stakeholders like...

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