Creating a New Business Using AI and MVOSSTE Part VII - Execution
The final stage of the MVOSSTE (Mission, Vision, Objective, Situation Analysis, Strategy, Tactics, Execution) framework is Execution. This step involves the actions needed to put the strategy and tactics into motion. In step six we identified the resources needed to deploy the strategy that combined price, place, product and promotion to create value for our company, our customers and our collaborators. That is we now know, base on our research and planning, what products we will produce, how we will get the products to the customers when they need them, what price we will charge and how we will let the customers know the products exist and urge them to buy them. We also have identified the resources we will need to build the business and reach our objectives. What we need to do now is have a process that will insure we will have a successful, sustainable business launch. For this we will have to have a plan for our resources (work force, financial resources, procedures and fixed ...