Talking strategyโฆ
Coming up with strategic direction for your business (or indeed someone else's!) can be difficult. ๐ฃ
We had a lot of DM's about yesterdays post, it seems it really helped to break strategic thinking down like this. ๐ง
As requested, another way to take a look at strategy is the ๐ช๐ต๐ฎ๐/๐ช๐ต๐/๐๐ผ๐ whilst using these 3 component parts...
๐ง๐ต๐ฒ ๐ฃ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ - What obstacle are you trying to overcome?
๐ง๐ต๐ฒ ๐๐ป๐๐ถ๐ด๐ต๐ - Why are consumers behaving that way?
๐ง๐ต๐ฒ ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป - How do you present a solution in a scalable & commercial way?
An example from a sportswear brand might be...
๐ฃ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ - Brand X is a category leader in running footwear, but increasingly big Corps are seen as reckless manufacturers who endanger the environment. โป๏ธ
๐๐ป๐๐ถ๐ด๐ต๐ - Data shows that Gen Z are steadily switching to more sustainable products even if they're less cost effective, a standing accelerated largely due to the pandemic fuelling a renewed global community conscience - an opinion, more often than not, proudly shared within their social communities. ๐ฑ
๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป - As part of product campaign offer customers exclusive access to new footwear for exchanging old running shoes in store, create sharable social content as part of pick up to benefit from social media advocacy. ๐