Framework

A structured method to formulate, execute and measure a strategy

©️ 2021, InnowayIT Inc.

A framework

"..is a particular set of rules, ideas, or beliefs which you use in order to deal with problems or to decide what to do.-- Collins Dictionary

Purpose

The purpose of the InnowayIT framework is to help stakeholders responsible for strategy formulation and execution to achieve continuous improvements in business metrics.

Benefits of the Framework

1. Non-prescriptive, can be tailored to your organization's unique needs

2. Promotes a common business and technology language for organizations

3. Introduces consistent practices across the enterprise

4. Defines clear roles and responsibilities

5. Promotes continuous improvement practices

6. Develops internal competencies

Principles

1. Strategy formulation and execution is a continuous process that provides mutual guidance and feedback

2. A strategy should define or explain the nature of the challenge facing the organization from multiple perspectives

3. Strategy is about choices and decisions related to creating and delivering value, success in target markets, and what the organization will and will not do

4. Objectives can only be achieved through a coherent set of actions

5. Business and technical stakeholders should collaborate in formulating and executing the strategy.

6. The strategy should be guided by an outside-in approach, where creating customer value is the key to sustainable success.