Should You Have a Strategy Canvas?

Takeaways

• Don't waste time on redundant processes.
• Small time losses can accumulate to significant inefficiencies.
• Implement smarter systems to reduce bureaucracy.
• Encourage direct communication to resolve issues.
• Use strategy canvassing to visualize market positioning.
• Mindset is crucial for effective strategy implementation.
• Reassess strategies regularly to stay competitive.
• Consider alternatives, not just competitors, in the market.
• A strategy canvas can reveal hotspots and cold spots.
• Southwest Airlines serves as a case study for strategic differentiation.

📖 Buy "Blue Ocean Strategy" by W. Chan Kim | Renee Mauborgne

Sponsors

🌱 S.E.E.D. Planning Group - https://www.seedpg.com/

🎙️ Ditch The Suits Podcast - https://www.ditchthesuits.com/

💻 NQR Media - https://www.nqrmedia.com/

🎙️ Cut Throat College Planning Podcast - https://www.nqrmedia.com/ctcp/cut-throat-college-planning

🎓 College Prep Bootcamp - https://www.sohteam.org/college-prep-bootcamp

🎙️ One Big Thing Podcast - https://www.nqrmedia.com/one-big-thing

Chapter Markers:

00:00 - Maximizing Efficiency in Business Processes

02:56 - Understanding Strategy Canvassing

06:13 - Reassessing Business Strategies and Alternatives