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.

http://wp.me/pZCkk-ZJ

Continue reading

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

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

Posted in Examples of Strategic Initiatives, Interpreting Strategy Documents | Tagged , , , , , | 3 Comments

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

Posted in Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , | 7 Comments

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

Posted in How to Improve Your Story Telling Chops, Strategic Planning Issues for Strategic Initiatives | Tagged , , , , , , , , , , | 2 Comments

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

Posted in Competencies of Strategic Initiative Leaders, Examples of Strategic Initiatives, Transforming the Organization | Tagged , , , , , , , , , , , , , | 4 Comments

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

Posted in Examples of Strategic Initiatives, Interpreting Strategy Documents, Transforming the Organization, Useful Practices & Management Tools | Tagged , , , , , , , , , , , , , , , , , , , , , , | 12 Comments

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.

http://wp.me/pZCkk-kf Continue reading

Posted in Competencies of Strategic Initiative Leaders, Examples of Strategic Initiatives, Strategy Coaching and Facilitation, Useful Practices & Management Tools | Tagged , , , , , , , , , , , , , , , , , , , , , | 1 Comment