High level overview:
Strategy comes in 3 phases
- Analysis
- Synthesis
- Implementation
Analysis
List of tools/frameworks to use when gathering raw materials for synthesis stage
- SWOT analysis – Macro analysis
- Porter 5 Forces – Micro analysis
- BCG Matric – Portfolio analysis
- Trends – Future
- Business Model Generation
Synthesis
- Mission: Core Business – what do we do
- We buy and sell real estate for a profit
- Vision: How we see ourselves in the future:
- Attributes:
- Set with a specific date in mind
- Measurable
- Challenging
- KISS – Keep It Simple and Stupid
- Example: We plan to manage USD100 million worth of funds in the Single Family Home Real Estate Space in US by year 2020
- Attributes:
- Values:
- Description: Core Principle we will not compromise on while we pursue our goals:
- Example: Accuracy and Timeliness in our decision making
- Priority List:
- Description: a list of milestones with corresponding expected dates of accomplishment that we need to hit for us to get from where we are not to where we want to be
- Example:
- Mar 2017: Stabilize data pipelining
- April 2017: Finalize MVP for prediction models
- July 2017: Close first round of funding USD500K
- Mar 2018: Finished deploying funds
- July 2018: Close second round of funding USD1,500,000
- July 2019: Close second round of funding USD3,000,000
- July 2020: Closed X round of funding USD 5,000,000
Implementation
- Action Plan
- Balance Score Card
- Scrum
- OKRs
- Design Thinking
- Lean Methodology