5 things we should consider when strategising
Research tells us that less than a third of business strategies deliver the expected results. This isn’t hard to believe when we see that most strategies are top-down, have limited employee involvement, are only based on historical data analysis, and are staged as one big show with no real choices being made. Isn’t it time to do things differently?
Corporate theatre or real strategy?
There’s a common belief that strategy happens at management level, leaving everybody else to take care of the execution. The reality is that execution involves a series of key choices that are just as important as the strategic choices – leading to a better design and a better chance of success.
Just get it done!
Often, when strategies are announced, a magical link appears between the direction and goals and how to implement them. It is ”magical” in the sense that the implementation process often does not contain the same level of clarity or tightness as the formulation of the strategy.
Strategy as design, not problem-solving
At Implement Consulting Group, we recently co-hosted a strategy session with Roger Martin in New York. It was designed as a “learning lab” that brought together executives from some of the largest US and Scandinavian companies to discuss how to rethink and improve the way that companies make strategic choices.