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creating a strategy many of us in business have a clear vision of what it is that we want to achieve in the future we have a certain degree of clarity about our objectives and how were going to deliver that vision but what we lack perhaps is a thoroughly thought through strategic plan and before you can create a strategic plan its worthwhile considering the five elements of strategic thinking here they are first of all arena and that means in which area of the market are we going to be active what is our arena for doing business think about what product and service youre going to offer to organizations think about what market segments youre going to 70 which geographic areas are you going to operate in which core technologies are you going to embrace what value creation offerings are you going to make to your customers that will differentiate you so be very clear on the business youre in and the business youre not in and what youre going to be doing what youre going to be focus
