McKinsey's Seven Degrees of Freedom for Growth Strategy Tool

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McKinsey's Seven Degrees of Freedom for Growth is a strategy tool that helps companies identify opportunities for growth in seven key areas including maximizing existing customers, growing existing products, new products, value delivery, new geographies, new industry structure, and new competitive arenas. The tool provides a framework for companies to assess and define their growth strategies. It guides businesses in creating action plans, implementing strategies, and addressing challenges across various facets of their operations.

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Uploaded on Aug 14, 2024 | 0 Views

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McKinsey's Seven Degrees of Freedom for Growth Template McKinsey s Seven Degrees of Freedom for Growth is a strategy tool that helps companies realize the strategic opportunities to grow. The seven areas of growth include: 1. Maximize Existing Customers 2. Grow Existing Products 3. New Products 4. Value Delivery 5. New Geographies 6. New Industry Structure 7. New Competitive Arenas 1 Want more best practices? Visit Praxie.com

Review the growth strategies and then enter answers to each question to identify your greatest opportunities and define your plan for growth. McKinsey's Seven Degrees of Freedom Growth Strategy Focus Key Strategies Enter Strategy here New Competitive Arenas How will you diversity opportunities? High How will you create new alliances and acquisitions to grow business? New Industry Structure How will you move into new geographic markets? New Geographies Strategic Challenge How will you improve delivery of your product? Value Delivery What new products/services you could introduce? New Products Grow Existing Products How will you continue to grow existing products? Low How will you sell more of your products to existing customers? Maximize Existing Customers 2 Want more best practices? Visit Praxie.com

Actions Create an action plan focused on creating and implementing your Growth Strategy. Consider the people, processes, and technologies that will be needed to support your strategy, and the specific actions needed to implement the relevant areas of the model. Actions Owner Due Date Enter action here Enter owner Enter due date 3 Want more best practices? Visit Praxie.com