Strategic Analytics Augmented Organization: Fueling the Business Value and Growth

Introduction

For developing a business strategy, the organizations should apparently be clear about what does the organization exist for and what it wants to achieve. The clarity is achieved when the organizations formulate their vision, mission and values. Vision fundamentally covers what the organization wishes to achieve in the future. Horizon is defined by the management for example 5 year or 10 years. Mission covers the core purpose of the organization and how it will benefit mankind while value encompasses the basic principles that will be followed to achieve the stated mission and vision. The strategists analyse the vision, mission and values to frame and articulate the business strategy. Different tools such a Business Model Canvas etc. are then used to create the business model.

Business Model Canvas offers a template to the management to create or even evaluate an existing business model aligned to the business strategy. There are nine segments in the template which include the following:

• 1.

  Key Partners:

  • a.

    Who are the key partners/suppliers of the organization

  • b.

    What are the motivations of the partnerships

• 2.

  Key Activities:

  • a.

    What are the key activities required for creating the value proposition

  • b.

    What are the important activities in the different segments of the BMC

• 3.

  Value Proposition

  • a.

    What is the unique selling proposition offered to the customers

  • b.

    What are the customer needs that are satisfied by the organization

• 4.

  Customer Relationship

  • a.

    What type of relationships are desired by the customers from the organization

  • b.

    What are ways to integrate the same in business

• 5.

  Customer Segment

  • a.

    Define the customer segments for whom the value needs to be created

  • b.

    Who are the critical customers

• 6.

  Key Resources

  • a.

    What are the key resource requirements to meet the value propositions

  • b.

    What are the important resources in the different segments of the BMC

• 7.

  Distribution Channel

  • a.

    What are channels through which the organization will reach the customers

  • b.

    Which channels work best and how much do they cost

• 8.

  Cost Structure

  • a.

    What are the different costs connected to business

  • b.

    Which are the most expensive key resources / activities

• 9.

  Revenue

  • a.

    What are the different revenue streams and their contributions

  • b.

    What are the values for which the customers ready to pay