Strategic Planning Tools for Business Model Innovation and Las Vegas businessman.

There are strategic planning tools for pretty much any objective a business executive can conceive of. However, for managers and entrepreneurs wishing to innovate their business model, it can be challenging making the leap from conventional thinking to the sort of creative but realistic thinking from which the next generation of sustainable profits can develop. Knowing the types of tools you can use for various kinds of business strategy tasks can you get far more innovative results from your Las Vegas businessman strategy development sessions while cutting the time it takes to arrive at good business models? Now you know what you like to do, but things you don't like to do still need to be done. Now write down all the repeating tasks in your business. Then determine which ones you don't have to do. You will find out that some things can be done by someone else so you can have more time for creative business ideas. Your time is most valuable limited resource there is.

Any time you can buy yourself more time you will make more money The Strategy Canvas is a tool first introduced in Las Vegas businessman.

It is a chart that plots the positions of business competitors relative to the factors important to the customer marketplace. The horizontal axis plots the factors of competition (hopefully established through customer knowledge), and the vertical axis plots the degree of offering or service level. Using this chart differences between current and potential business competitors can be graphically portrayed. The primary point of the strategy canvas is to illustrate divergence between market and business strategies as it relates to customer needs. By using a strategy canvas, you can create a new value innovation that breaks the conflict between low cost and differentiation - the Las Vegas businessman strategy. Strategic Control Point Index this is a tool used to assess the level of strategic control a business has in its industry relative to competing businesses and organizations. It was best articulated by management consultant Adrian Slywotzky in "The Profit Zone" (a book which I highly recommend). The strategic control point index classifies these control points according to the level of "profit-protecting power" they confer to a business. Simply put, it is a simple description of the path to monopoly power (or at least near-monopoly) in any business design. The profit protecting power of these strategic control points go from "None", "low", "medium" to "high".

-10 to 20 percent cost advantage in commodity product (low).

-One-year product development lead (slightly higher, but still low).

-Two-year product development lead (medium).

-Brand, copyright (slightly higher, but still medium).

-Customer relationship ownership (High).

-String of super dominant market positions (Higher).

-Management of the Value Chain (Even higher).

-Standards Ownership (Highest).