Strategy formulation exercise at work

Today we conducted the strategy formulation exercise at work for the coming half year. Following is what we did step by step:

Step 1: To make the process more inclusive we first started with asking each department to share their SWOT analysis. So each team send a SWOT analysis of their team

Step 2: Now we tried to understand the focus area of the company then by sitting with the founders and deciding the focus areas for the next 6 months.

Step 3: Once we had done that, we mapped the SWOT analysis of each team under the focus area.

Step4: Now to decide which ones to pick and which ones to Ignore.

For doing Step 2, we tried another approach to arrive at vision/action for the teams.
First was to find the current and desired state for the company and categorize it between Core, Delight and competitive advantage. Post that we did a SWOT of the current and future core to understand if we are on the right track or not. Having done that then we drive Actionable items from this.