What is Lafley & Martin’s Five Step Strategy Model, and what are best practices, tools and online templates for teams and organizations?
Definition of Lafley & Martin’s Five Step Strategy Model
Lafley & Martin’s Five Step Strategy Model requires a thorough understanding of the organization as well as the industry it resides in. This is because this model involves answering a series of questions which are designed to break business down into five options to be successful.
Description of Lafley & Martin’s Five Step Strategy Model
There are five questions that should be answered in the Lafley & Martin’s Five Step Strategy Model. If these questions are answered in order, there will be a clear model for the organization’s daily operations.
- What is Our Winning Aspiration? The answer to this question is the values or mission statement of the company. Said differently, the organization should envision what “winning” the industry would look like. However, one part of this question involves determining what specifically the employees of the organization will do to reach that aspiration. Therefore, it is important to think about what a success would look like for the company in the not-too-distant future, without being too unrealistic.
- Where Will We Play? The organization must identify the markets that it is going to operate in and the demographics that it is targeting. Depending on the products that the organization produces, identifying this audience might require careful thought.
- How Will We Win? Consider the strategies that are going to be implemented or the actionable steps that can be taken to ensure that the organization is dominant or moves up in rank in the industry. Answering this question requires careful research about competitors and how the organization’s products can be positioned or marketed to be the most appealing or distinguishable from the rest. The organization might consider lowering prices, improving customer relations or improving the quality of the product. A lot of time and careful thought should be expended at this stage if the organization really wishes to remain ahead of its competitors for the long-term.
- What Capabilities Must We Have in Place to Win? Think about the qualities of the current workforce as well as the resources that are needed to implement the strategies the organization has decided upon. Ensure that there is alignment between what has been planned and what is realistically possible for the organization to deliver on. Without that balance, the organization will not dominate the industry.
- What Management Systems are Required to Support Our Choices? The organization must assemble strong leadership teams to ensure that every individual in the organization is well informed of the organization’s aspirations. In this way, every person will be working toward the same goals, which will help to increase the likelihood that these targets will be met.
Tools & Templates
The Lafley & Martin’s Five Step Strategy Model can be supported by the SWOT analysis to determine what superior qualities the organization has, as well what needs to be improved to attain competitive advantage.
upBOARD's Online Lafley & Martin’s Five Step Strategy Model Tools & Templates
Unlike most traditional Lafley & Martin Five Step Strategy Model techniques, upBOARD’s online tools allow any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.
Learn more about upBOARD’s portfolio of other business strategy best practice tools and templates, including:
2 X 2 Matrix, ADL Matrix, Affinity Diagrams, Baker’s 4 Strategies of Influence, Balanced Scorecard, Benchmarking, Blue Ocean Strategy, Bowman Strategy Clock, Build-Measure-Learn Feedback Loop, Business Model Canvas, CAGE Distance Framework, Competitive Analysis, Competitive Landscape Analysis, Contingency Planning, Core Competence Analysis, Critical Success Factors, Discovery Driven Planning, Economic Value Added, First Mover Advantage, Five Forces Model, Force Field Analysis, Gap Analysis, GE McKinsey 9-Box Matrix, Go To Market Strategy, Hambrick & Frederickson’s Strategy Diamond, Hedgehog Model, Hook Model of Behavioral Design, Hoshin Planning System, Kay’s Distinctive Capabilities Framework, Key Outcome Indicators, Kotler’s Five Product Levels Model, Kotler’s Pricing Strategies, Lafley & Martin’s Five Step Strategy Model, McKinsey 7S Model, McKinsey’s Seven Degrees of Freedom for Growth, Mergers & Acquisitions, Mission Statements, Mullin’s Seven Domains Model, OGSM Framework, Ohmae’s 3-C’s Model, Partner Relationship Management, PEST Analysis, PESTLE Analysis, Porter’s Diamond, Portfolio Management, Purpose Statements, Pyramid of Purpose, Scenario Planning, Simonson & Rosen’s Influence Mix, SMART Performance Metrics, SMARTER Goals, SOAR, Strategic Goals, Strategy Map, Strategy Roadmap, Strategy Uncertainty Map, SWOT Analysis, TOWS Matrix, Triple Bottom Line, USP Analysis, Value Chain Analysis, Value Disciplines Model, Value Net Model, Values Statement, Vision Statements, VRIO Analysis, and Weisbord’s Six-Box Model.