Tag Archives: strategic thinking

Is it Possible to Have a Perfect Strategy?

There is a perfect strategy in the sense that you could design a strategy for a given moment in time that effectively addresses the core competitive challenge. Strategy as a crafted, designed response to a specific and important challenge. Perfection means it is entirely adequate for the situation and you would gain little benefit from further tweaking. You gain more benefits from bearing down on execution compared to polishing a presentation deck.
http://wp.me/pZCkk-106 Continue reading

Posted in Interpreting Strategy Documents, Strategy, Ambiguity, and Strong-Minded Thinking | Tagged , | 3 Comments

Perspective is More Powerful than Vision

Having a perspective means that the ideas and direction are open to discussion, inviting more people into the discussion to contribute their perspectives. Importantly, it avoids the elitist nature of many vision statements.


Continue reading

Posted in Interpreting Strategy Documents, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , | Leave a comment

The Real Reason Strategy Implementation is Difficult (and the Solution to It)

There are two people-related problems that cause poor strategy execution: stakeholders lack a mutual understanding of the nature of the situation & the organization’s social and emotional environment is not supportive for individuals to step outside of their comfort zone. To overcome, use the concepts of dialogue and deliberation, following the analogy of jury duty. An effective jury reaches consensus. Similarly, and effective strategy is one that reaches consensus; that is, people agree to support the implementation. Continue reading

Posted in Strategy Coaching and Facilitation, Useful Practices & Management Tools | Tagged , , , , , , , | 3 Comments

Agile Thinking, Habits, and Strategic Initiative Leadership: Transcending the Buzz for Useful Insights

This article is a critique of, “agile thinking,” with examples provided for a strategic initiative at Corning: Agile Business Innovation.

In present use, agile thinking means to embrace the “agile values” declared by agile software evangelists, those values being things like flexibility, speed, customer responsiveness, change, and good engineering. Greg Githens explains that by recognizing that agilists are talking about values, we can then turn our attention to the appropriateness of the values to the situation. We can design an approach that best maximizes our chances of success. The core challenge for agilists is that they are saying that their values might be better than there audience’s values. They want to change habits, but often lose sight of whether changing habits is good for the business.

As a cognitive process, there are no practical differences between agile thinking and creative thinking. The article concludes by suggesting five questions for looking at habits.

Continue reading

Posted in Examples of Strategic Initiatives, Strategy, Ambiguity, and Strong-Minded Thinking, Transforming the Organization | Tagged , , , , | 9 Comments

Strategic Leadership is “Replacing Old Stories with New Stories”

Leaders should see strategy as a narrative arc from the founding to the present launch of a strategic initiative. The techniques of corporate time lines and identifying turning points help with the analysis. Then, future cast for a new vision with these questions:What present problems and opportunities are relevant to our future? What are the scenarios of the future? Where (and over whom) will we find advantage? What are the insights? A current strategic initiative could be seen as an episode of an organization’s history, with a turning point. Continue reading

Posted in How to Improve Your Story Telling Chops, Transforming the Organization, Useful Practices & Management Tools | Tagged , , , , , , , | 3 Comments

Three Tips for Leading Strategic Alliances

Strategic alliances are a growing subset of strategic initiatives. A Strategic Alliance is a relationship between two or more parties where they collaborate to capture an opportunity or extend their reach into complementary areas. Author and consultant Greg Githens has participated in many strategic alliances, both as a leader and as a consultant and offers three tips that will increase the probability of success. Tip #1 – Meet in Person, Frequently. Tip #2 – Find and Articulate Strategic Insights. Tip #3 – Explicitly discuss risks, risk tolerances and risk response strategies. Continue reading

Posted in Program & Portfolio Management, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , , | Leave a comment

Strategic Thinking: Seven Questions for Your New Year’s Resolution

Greg Githens provides timely and useful questions: “Am I applying strategic thinking to my career, and to my organization?” What’s Your Personal Brand? Are you thinking strategically? Are you anticipating opportunity? Have you taken the time to reflect on your lessons learned for the year? Do you have stretch goals? Do you carry a mentality of abundance or a mentality of scarcity? Are you paying forward? Continue reading

Posted in Strategy, Ambiguity, and Strong-Minded Thinking | Tagged , | 2 Comments