A new framework has been developed to help businesses identify potential strategies and evaluate their likelihood of success. The framework provides a systematic approach to categorizing strategies into four groups ranging from the least creative to the most creative.
The first group involves adapting an existing industry strategy by modifying it to better suit a specific situation or market. The second group combines different existing industry strategies to create a unique approach. The third group imports successful strategies from other industries, and the most creative group creates a brand new strategy from scratch.
By using this framework, businesses can explore new opportunities and develop innovative strategies that will help them stay ahead in today’s competitive business landscape. It offers a starting point for companies looking to think outside the box and develop unique solutions to challenges they may face. Ultimately, the framework aims to assist businesses in unlocking their creative potential and staying ahead of the competition.
