Identify strategic options

Strategic options are strategic alternatives.They are carefully identified.They can be for:
1.Strategic :

• Grand strategic :In terms of stability,expansion,retrenchment and combination.
• Market oriented strategies :In terms of low-cost leadership,product differentiation and market focus.
  

2.Directions :The options for directions for strategy development can be.

• Protect /build :Through consolidation or penetration home market.
• Product development :develop new products for home market.
• Market development :Offer existing products in new markets.
• Diversification :Going away from existing markets and production.

3.Methods:The options for methods of strategy development can be :

• Internal development :Developing new products and new market.
• Mergers and acquisitions :Taking over ownership of other organizations.
  

• Joint development and strategic alliance :Partnership tie-ups between organizations to jointly achieve mutually beneficial strategic objectives.