Clear Business Strategies Account for 31% of the difference
Our organizational alignment research found that clear business strategies account for 31% of the difference between high and low performing companies.
Sifting through all the different possible directions you could take your business after your strategy retreat could drive you crazy and prevent you from making any real progress — but when you have clear business strategies, the path forward keeps you, your people, and your business on the right track.
The Definition of Business Strategy
Your corporate strategy should delineates the clear and compelling choices about where to play and what actions to take. And when it is thoughtfully conceived with an eye to the future, a successful strategic plan sets your organization up to perform beyond the sum of its parts.
What You Need to Know About Your Business
Before you even start to craft your strategic plan, you should have clear answers to the following questions related to creating clear business strategies:
What Clear Business Strategies Deliver
When you have a business strategy that is understood, believable and implementable enough by all key stakeholders you will see:
The Bottom Line
Clear business strategies matter. Too many leaders tell us about their frustrations with their carefully designed strategic plan not being carried out as fast or as well as they expect. Don’t let your strategy become one of the reported 9 out of 10 that fail to be fully implemented.
If you want to learn more about creating clear business strategies that matter, download 7 Signs Your Strategy Is Not As Clear as It Needs to Be
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