Is your organization growing at the rate of your vision? If not, one of the following is most likely the barrier:
• Leadership – Everything rises and falls on leadership.
• People – Would you enthusiastically rehire everyone on your team?
• Strategy – If leadership and people are not the barrier, then it is most likely a strategy issue.
Intentionally taking action on the following three steps will help you improve your strategy. If you focus, you can develop an industry dominating strategy capable of generating growth that can out-pace your vision.
Strategy is done daily, not in a day.
As you build your Inner Circle and develop the leadership skills of your middle management team, you can devote more time to market-facing activities and refining your strategy. Ten percent of your time managing the business is the ultimate goal. That leaves 90% of your time for the market-facing activities that can create a break-through in strategy.
“Strategy is what a senior team should be spending the bulk of its time on – not fighting fires on a day-to-day basis, which is best left to the middle management team.”
~ Verne Harnish author of Scaling Up
Implement a Process
Strategy is about perseverance and trusting a process. You do have a process, don’t you? Strategy takes time and continuous refinement. This can only come through countless trial and error cycles, significant reflection time and much debate with your Inner Circle.
“I’m always amazed how overnight successes take a helluva long time. “
~ Steve Jobs
Assemble a strategic thinking team. Jim Collins, author of “Good to Great” refers to this team as The Council. If you need inspiration pick up a copy of “Good to Great” and read pages 114 to 126 where he describes the 11 guidelines for structuring “The Council”.
Add an effective framework – We recommend the “7 Strata of Strategy” framework outlined in Verne Harnish’s book, “Scaling Up”. This framework brings the right balance of depth and simplicity. It is the pure strategic thinking piece of strategic planning.
Leverage an Outsider
Utilize an outside thinking partner – the payoff is tremendous if can you get this one right.
Strategic planning is difficult work and your team may feel frustrated and lost from time to time. Keep them focused on the process. A good thinking partner will inspire the team and keep the energy high.
There is no simple answer, only a consistent process will lead you to the right answers. The quality of your Inner Circle plus the quality of the Process plus the quality of your Market Facing inputs equals the quality of your Strategy and its ability to generate growth that is equal to your vision.
Ready to take your strategy to the next level? Schedule a free one-hour strategy assessment.