Creating an Effective Strategy:
1. i) Create your Strategy by determining where you came from and where you want to go
ii) Vision has to be practiced every day to be brought to life
iii) Vision helps organizations move forward ONLY when every member of the organization understands the vision
2. Think 3: Ensure you have 3 strategies or less. For example; Always incorporate the culture of the organization
i) Fix a weakness
ii) Maintain and develop a strength
iii) Enter a new market
3) Keep it short and simple, not complicated.
i) Make it 8 words or less (easy to remember and discuss with others)
ii) Incorporate your strategy into the daily mission of your employees
iii) A simple strategy is the best, since it is easy to remember and implement
iv) If you can’t remember your strategy, how do you expect employees to remember
v) Be prepared to change your strategy when unforeseen events occur
By creating 3 strategies or less, you are 84% likely to achieve. For more than 3 strategies, you are 17% likely to achieve.
Execution: The Disciplines of Getting Things Done
Determine the most important organization goals Ø All goals must have a start and a finish line
- Leading Measures vs. Lagging Measures
To get things done and engage teams, focus on leading measures
- Develop a Scoreboard
Great teams know at every moment whether or not they are winning
Set up a regular cycle of governance
- The Importance of Communication
Take the time to ensure your employees understand the company’s vision,together with the part they will play in executing the strategy
Leaders need to blend culture with strategy and have an action plan for execution. Take personal responsibility for “Walking-the-Talk” by leading by example. Culture eats strategy!
Would you like a copy of Robert’s presentation? Are you interested in learning more about strategy and leadership? Please contact us.