For example, a company applies a strategy when it implements a system to collect customer comments that lead to systematic product improvements, when it replaces equipment by a schedule that optimizes return on investment, or when it creates a pipeline of new products that are designed to make their current products obsolete. There are three elements that affect the success of your strategies. Basic, simple activities are generally the most successful. The reason such strategies work so well is that they produce results with minimum effort and expense. Avoid grandiose strategies because their complexity defies implementation.
Simple strategies work best.
The more innovative you are in using, finding, or creating resources, the more you will set yourself apart from everyone else. You must apply your strategies in order to gain benefits from them. If they stay on paper, your efforts to create them become nothing more than an academic exercise. Strategy includes those activities that move your business. Take the time to develop strategies that move it forward toward greater success.