In Mindspark 3, you read about strategic challenges some readers shared. In this issue, let’s formulate a strategic possibility to address the below reader-submitted pressing issue. “Lack of money due to lack of a well-paying job.” There are many routes (ways) to win. When strategizing, the focus is on identifying the route that will deliver the desired success in a way that is cheaper, faster and sustainable. To find a winning strategy for this pressing challenge, one needs to know a little more context – personal background, history, challenges, qualifications and environment. What are your current capabilities – the 6ms…

How do you fair in the following areas that set a foundation for a happy life? 1. Family and social circle of trusted friends – your choice of a partner/s – whether for marriage or mere friendship. — Are you married? What is your relationship with your parents? When did you last meet them face to face (if still alive) or talk on the phone? When did you last go on a planned trip with your trusted friends as a family or friends? Remember face to face interactions are more valuable than social media. 2. Money – how to make…

One of my blog posts fans invited me to his company – a nursery school. He has done great for himself. As of 2019-year end, he had 180 children. With school fees at Ugx. 600,000 per month – not Term – but monthly, that is over Ugx. 108m monthly! A daycare center is not an easy business. The children require a lot of attention and care. And parents are picky. They pay a price because they expect high-quality service. Accordingly, a Nursery has a high operating costs structure –a cost-income ratio of over 70%. To run a successful Nursery the…

In Mindspark 2, you categorized your opportunities and challenges. You formulated the most pressing strategic issue. Two people shared their strategic challenges. ​“Lack of money due to lack of a well-paying job.” ​“Miserable life because of a bad choice of a marriage partner.” I want to recommend you to read the book, “Playing ToWin.” Get a copy of the book here, and buy Amazon Kindle for a great experience. Or read an article summary of thebook here. I recommend you make this your #1 must-read book in 2020. My approach to strategy is informed by ten books, including Playing To…

In Mindspark 1, you identified the opportunities around you. You also made an analysis of challenges in your way of tapping into them. A strategy is needed only when two things are present: an opportunity to tap into. Or a strategic challenge to solve. You cannot tap into an opportunity unless you address internal impediments to growth. It is against this background, we define strategy as “a process of making choices to win with stakeholders specifically customers against the competition.” Back to your opportunities. For each opportunity, categorize against the respectivemarket niche or opportunity segment (Table 1). The list on…