Tag Archives: vision

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.

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Strategic Initiatives Case Study: Best Buy’s “Renew Blue” Turnaround

Renew Blue is the name of a strategic initiative intended to reverse the competitive decline of Best Buy. This article analyzes the initiative’s strategy and raises questions about the correctness of the situation diagnosis. It examines the Renew Blue vision & strategic pillars, and concludes with a list of 7 learnings for leaders of strategic initiatives. Continue reading

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Strategic Initiatives | Are You Ready to Implement?

Readiness to implement strategy is achieved when the physical resources are in place and there is a will to take action. A strategic initiative should formally assess readiness by either of two methods: self-audit or use of an outside resource. Leaders are advised to recognize and avoid the causes of failure: poor requirements, poor communications, and inadequate resources. The article also includes a set of do’s and don’t for strategic initiatives. http://wp.me/pZCkk-G1 Continue reading

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Strategy-as-Story: The ABCDE Model

This tip for strategy and story telling (third in a series) describes the ABCDE model (assess, baseline, components, delivery, evaluation). It explains that strategic initiatives are chartered in the C to D steps. It also provides four useful questions that help gain strategic perspective: Where are we at? Where do we want to be? How will we get there? How will we evaluate ourselves? It also provides an example story that illustrates the principles. Continue reading

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Strategic Initiative Case Study: Delivering Large Cost Savings in Healthcare IT Infrastructure

How a manager saw an opportunity to align his work with executive vision for IT cost savings, and drove significant benefits through a large healthcare organization. Summarizes value of elevator speech, key actions, team building, managing around a boss, and incremental benefits delivery. Continue reading

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Use the As-Is-&-To-Be Table to Clarify Strategic Initiative Vision

This is a practical technique for strategic initiative vision, similar to gap analysis. It includes a case example of how Greg Githens used it to help a COO and team structure a floundering strategic initiative for better performance. He advises more effort on the To Be visioning and addressing ambiguity. He cautions about the risk of analysis paralysis. This article can help managers involved in strategy formulation and strategy execution. Continue reading

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Does Your Strategic Initiative Need a Fresh Perspective?

Greg explains how to overcome headwinds in a strategic initiative with 4 perspectives: storytelling, learning, integration, and decisions. He illustrates how each role is applied through a case study.

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Two Tools for Describing Strategic Context (Strategic Thinking Part 3)

Greg Githens explains the PESTLE acronym for evaluating strategic context, and the “walk the fenceline” technique. Strategic thinkers have an “outside in” perspective that allows them understand how external context affects strategy. Continue reading

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Strategic Thinking (Part 1): A Fight with Ambiguity

Strategic thinking is necessary for execution, as well as strategy formulation. Ambiguity (multiple meanings) is at the heart of strategy, so the Strategic Initiative leader’s top priority is to recognize ambiguity, clarify metrics, and develop sensible action plans. Greg Githens explains how they find the balance of patience and action. Their skillful conversation fosters understanding and gain commitment. Continue reading

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Five Things SI Leaders Need to Know about Innovation

Leaders use the word innovation frequently, but often it’s a buzzword. Innovation is not the same thing as invention or as creativity. Innovations do not sell themselves. It is a gross exaggeration to declare that people “resist change.” Innovation involves choices and decisions. Leaders help others cross the chasm. Greg Githens explains the TACOS criteria for speeding the adoption of an innovation. http://wp.me/pZCkk-fH Continue reading

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