The Grand Strategy Matrix Template guides organizations step-by-step through strategic planning, ensuring a competitive position and successful implementation.
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Identify the organization's strengths and weaknesses
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Evaluate the company's external opportunities and threats
3
Compile and organize the information on a SWOT matrix
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Determine the company's competitive position in the market
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Plot the quadrant point based on internal and external factors
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Draw the Grand Strategy Matrix
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Approval: Executive Committee for Matrix
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Identify and list the applicable strategies for each quadrant
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Decide on a strategy based on the organization’s position in the matrix
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Create a detailed action plan for implementing the chosen strategy
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Assign responsibility for each action item to specific team members
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Set timeline and milestones for implementing the strategy
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Identify the key metrics for evaluating the strategy's effectiveness
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Approval: Board of Directors for Strategic Plan
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Communicate the strategic plan to the entire organization
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Initiate the implementation of strategic plan
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Monitor the progress and adjust strategies as needed
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Update Grand Strategy Matrix annually or as the environment changes
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Approval: CEO for Updated Matrix
Identify the organization's strengths and weaknesses
Identify and evaluate the internal factors that give the organization an advantage or disadvantage in achieving its objectives. How does the organization stack up against its competitors? What are the areas of improvement?
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Competitor A
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Competitor B
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Competitor C
Evaluate the company's external opportunities and threats
Analyze the external environment to identify potential opportunities and threats that may impact the organization. What market trends or changes in regulations should the company be aware of? What are the potential risks?
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Trend 1
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Trend 2
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Trend 3
Compile and organize the information on a SWOT matrix
Consolidate and organize the information collected on the strengths, weaknesses, opportunities, and threats into a SWOT matrix. This will provide a visual representation of the organization's current situation.
Determine the company's competitive position in the market
Assess the position of the company in the market based on the findings from the SWOT matrix. Is the company in a strong or weak position? What are the key factors that contribute to its competitive advantage?
Plot the quadrant point based on internal and external factors
Using the SWOT matrix, plot the quadrant point based on the evaluation of internal strengths and weaknesses, and external opportunities and threats. This will determine the organization's position in the Grand Strategy Matrix.
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Quadrant 1
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Quadrant 2
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Quadrant 3
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Quadrant 4
Draw the Grand Strategy Matrix
Create a visual representation of the Grand Strategy Matrix based on the plotted quadrant point. This matrix will help identify the strategic alternatives available for the organization.
Approval: Executive Committee for Matrix
Will be submitted for approval:
Compile and organize the information on a SWOT matrix
Will be submitted
Determine the company's competitive position in the market
Will be submitted
Identify and list the applicable strategies for each quadrant
Based on the position of the organization in the Grand Strategy Matrix, identify and list the applicable strategies for each quadrant. What are the recommended courses of action?
Decide on a strategy based on the organization’s position in the matrix
Evaluate the listed strategies for each quadrant and decide on the most suitable strategy for the organization based on its position in the Grand Strategy Matrix. Which strategy will align with the organization's objectives and leverage its strengths?
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Strategy 1
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Strategy 2
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Strategy 3
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Strategy 4
Create a detailed action plan for implementing the chosen strategy
Develop a comprehensive action plan outlining the specific steps and tasks required to successfully implement the chosen strategy. What are the key milestones and deadlines? Who will be responsible for each task?
Assign responsibility for each action item to specific team members
Distribute the tasks and responsibilities among team members to ensure effective execution of the action plan. Who will be responsible for each task? What are their contact details?
Set timeline and milestones for implementing the strategy
Establish a timeline and set milestones for the implementation of the chosen strategy. What are the key deadlines? How will progress be measured?
Identify the key metrics for evaluating the strategy's effectiveness
Define the key metrics and performance indicators that will be used to evaluate the effectiveness of the implemented strategy. What are the measurable outcomes? How will success be measured?
Approval: Board of Directors for Strategic Plan
Will be submitted for approval:
Identify and list the applicable strategies for each quadrant
Will be submitted
Decide on a strategy based on the organization’s position in the matrix
Will be submitted
Communicate the strategic plan to the entire organization
Share the strategic plan with the entire organization to ensure alignment and understanding. How will the plan be communicated? What are the key messages?
Initiate the implementation of strategic plan
Take the necessary steps to initiate the implementation of the strategic plan. What are the first actions to be taken? Who will be responsible for them? What resources are required?
Monitor the progress and adjust strategies as needed
Regularly review and monitor the progress of the implementation. Are the milestones being met? Are any adjustments or revisions needed? How will feedback be collected?
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On track
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Delayed
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Revised
Update Grand Strategy Matrix annually or as the environment changes
Regularly review and update the Grand Strategy Matrix to reflect any changes in the internal and external factors. How often will the matrix be updated? What triggers an update?
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Annually
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Biannually
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Quarterly
Approval: CEO for Updated Matrix
Will be submitted for approval:
Update Grand Strategy Matrix annually or as the environment changes