Strategic formulation and implementation: Formulation and implementation are interactive rather than sequential and discrete. This is a more interactive way to strategize and involves multiple levels of managerial roles, providing creative input and potentially improving the results. You want to “play the game” at a level your competition doesn’t know exists.
Action Step: Keep your eyes open for golden opportunities.
When you are prepared, you can take advantage of opportunities that your competition may not be ready to take. Support creative input from your team and teach them how to spot an opportunity that will create more opportunity and growth.