What is the strategy framework?

1. Stategic position Fundamental questions for strategic position: What are the macro-environmental opportunities and threats? What is the purpose of the organisation? How can the organisation manage industry forces? What resources and capabilities support the strategy? How are stakeholders aligned to the organisational purpose? How does history and culture fit the strategy? 2. Strategic choices Strategic choices involve the options for strategy in terms of both directions in which strategy might go, and methods by which strategy might be pursued. Some fundamental questions regarding this are: How should individual business units compete? Which businesses to include in the portfolio? Where should the organisation compete internationally? 3. Strategy in action Strategy in action is about how strategies are implemented. The emphasis is on the practicalities of managing. Some fundamental questions in relation to this: How centralised or structured should an organization be? What are the required organizational systems? How should the organization manage necessary changes? What sort of leadership is necessary?