Tag Archives: Strategy

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

Strategy Execution Priority #1: Effectively Communicate Strategic Decision(s)

Executives say that the top priority for strategy execution is to effectively communicate the decisions made. Three examples of good communications are provided. The basic message to the reader is to think through the announcement process. Continue reading

Posted in Examples of Strategic Initiatives, How to Improve Your Story Telling Chops, Success Principles for Strategic Initiatives | Tagged , , , | 5 Comments

How to Improve Strategic-Operational Collaboration

You can build support for strategy by understanding and using the strategy-operations polarity map.First, you acknowledge the values of the operational perspective (e.g., it gets results) and the downsides of strategy (it consumes time). Then, you can introduce some of the benefits of strategy work. This article will help the strategic initiative leader assure that the initiative does not flounder. Continue reading

Posted in Strategic Planning Issues for Strategic Initiatives, Strategy Coaching and Facilitation, Strategy, Ambiguity, and Strong-Minded Thinking, Transforming the Organization | Tagged , , , , , , , , , , , , | 6 Comments

How to Be Strong Minded (3 Capabilities and 5 Tips for Strategic Thinking)

Strong minds produce strong ideas. Strong minds do not fail. Strong minded thinkers have three competencies: 1) they are good a probing and sensing, 2) they imagine the logical future consequences of decisions and actions, and 3) they look for opportunities to apply ingenuity. The article provides practical questions that will help the reader develop these competencies. The article also provides five tips for robustness: avoid mistakes, develop emotional resiliency, reflect, and generate alternative solutions. Continue reading

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Strategy as the Backstory: Another Leadership Tip

In explaining the strategic initiative, the leader needs to skillfully weave in the backstory of strategy; that is, identify the relevant parts of the larger narrative and include in the communications to stakeholders. Modern audiences are impatient, so keep the amount of backstory limited. The exception is when the strategic initiative involves a heritage story (example heritage stories from Starbucks and Domino’s Pizza). The strategy-as-backstory can include SWOT, mission, vision, values, etc. This tip is part of the “How to Improve Your Story Telling Chops” series. Continue reading

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How to Build Consensus in the Strategic Initiatives Team

Consensus is a vital skill for strategic initiatives. Consensus means that there is 100% agreement to support the IMPLEMENTATION of the decision. Greg Githens explains the two necessary factors for achieving consensus (define the team and have a visible signal) and describes a personal experience in helping an IT group reach agreement on requirements. Continue reading

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