Creating Business Insight and Foresight

Living Strategy in Practice

Strategic action calls for managerial leadership skills and a digital service platform to achieve the high customer value of the Living Strategy Concept. This chapter explains how you can build Living Strategy principles into your organization using Strategic Management SaaS created by 4Straction Ltd. www.4straction.com

Creating Business Insight and Foresight

An automatically updated, stakeholder-reviewed situational overview of competitors, markets, financial information, employee engagement and strategic performance is needed to keep strategy on the right course. Realistic understanding of a business calls for online internal and external information streams with forums for discussion and for mutual learning. Realistic insight is needed to create a sophisticated forecast of the future of your business.

Information from knowledge sources - digital networks connect everyone to everything, everywhere

Online automated business insight

A basic level of awareness about the current dynamics of external and internal business environments can only be achieved by following the information feed from selected knowledge sources, e.g. media, websites, customers, suppliers, partners, Internet Service Providers, the Board, ERP system and employees. External feeds focus on opportunities and the identification of threats, whereas internal feeds focus on strengths and weaknesses. Monitoring no longer depends on random and time-consuming individual information searches.

Coherent body of knowledge

The Service collects and updates information from various sources in one place and organizes fragmented information in an easy-to-understand form. The Service keeps users informed about the coverage of activated information sources and feed frequencies to support balanced business insight.

Just in time

Based on roles and user selection, sharing information quickly with the right people at the right time makes it easy to find relevant information and avoid confusing information overflow. Knowledge life-cycle depends on feed ranking and can rise per the rating given by users. It is also possible to recall missed feeds.