Formation Blog

At Formation Consulting, we believe that having access to the right resources is crucial for the success of any project. That's why we have dedicated ourselves to building a comprehensive collection of tools, information, and expertise to support our clients.

How to Turn Consumer Trends into Profitable Insights Using a Trend Radar

Interpreting trends is a critical action for any company that wants to succeed; trends propel industry change and convey what a consumer values. A Trend Radar (or Risk Radar) is a powerful trend management tool that business leaders can use to predict, evaluate, and prepare for potential changes in their target customer's buying decisions.

How to Use a Value Chain Analysis to Deliver More Value and Increase Your Profits

There are two ways for a business to increase their profits: enhance the value they provide to customers or reduce the cost of operations. Value Chain Analysis is a critical, in-depth, and strategic management tool that allows organizations to understand exactly which business activities can be harnessed for greater value or greater savings.

How to Use Wargaming to Prepare for the Changing and Competitive World of Business

Strategic business plans are often based on snapshots of historical data, which limits a company's ability to adapt, innovate, and respond. Real-life business conditions are unpredictable, dynamic, and highly-competitive—and Wargaming allows your team to simulate a variety of potential situations and obstacles (without any risk).

Invest in Your Company's International Growth and Longevity With the Cage Distance Framework

If you plan to grow your business internationally or into new markets, it is critical that you do the preliminary work. The CAGE Distance Framework can help you to develop an international strategy, decide whether or not to enter a new market, and determine which of your competitive factors must be adapted for success.

How to Optimize Your Value Proposition Using the Strategy Canvas

If you want to reach untapped markets or develop new products and services that meet the needs of your customer, you must first identify what your customer values and how you stand up against competitors; the Strategy Canvas is a simple and strategic tool that can do just that.

How to Simplify Your Strategic Planning With the Business Model Canvas

Strategic planning or developing a business plan can feel complicated and overwhelming, but it doesn't have to. Simplicity is one of the major benefits of the Business Model Canvas; this tool takes the complexities of a business and presents a high-level overview of the critical components that impact your longevity and profitability.

How to Advance Your Industry Position Using the Five Forces

The profitability of every industry is determined by the same factors: its structure along with a company’s competitive position in that industry, and the Five Forces is a powerful tool that can help you to understand and analyze both.

How to Conduct a SWOT Analysis for Effective Decision-Making

Strategic planning requires a clear understanding of your current position in the marketplace and how your position can be strengthened or threatened. A SWOT analysis is one of the simplest tools that your business can utilize to make more informed and effective decisions.