How to Develop the Right Strategy
When you can develop the right strategy…one that is clear, agreed-upon and achievable…you are set up to win the game and outperform your competition.
Top 10 Signs of a Bad Strategy
Let’s start with the most common signs of a bad strategy. Too many of us know what can happen with a strategic plan that is fuzzy, ill-conceived or non-implementable. The typical signs of an ill-conceived strategy include:
The above list is not fun. It really matters that you develop the right strategy.
Five Tips to Develop the Right Strategy
Here are five tips on how to develop the right strategy to get the results you want:
1. Actively Include All Employees
This is easy if you have fewer than twenty employees. If your company is larger, give everyone a chance at input either as individuals or through their group or department. Make sure each team aligns their team strategy to the overall strategy.
2. Answer the Key Questions
Give your employees key strategic questions to consider. Examples include:
3. Analyze and Prioritize
Sift through the feedback and prioritize what matters most. Select a few clear strategic priorities that will have the greatest impact on your business in both the short- and long-term.
4. Develop a Short List and Strategic Theme
If you’re serious about implementing a strategy throughout the entire organization, you need a focus. Too scattered an approach will leave employees frustrated and confused. Select three moves that would make the greatest difference and craft a one-sentence theme that is clear enough and simple enough for everyone to understand and commit to.
Perhaps you want to expand into the global market, or grab market share from your most effective competitor, or become the best place to work for “A” players in your industry. The strategic theme needs to fit your specific business.
5. Get to Work
This may be the most vulnerable stage of the strategic planning process…strategy implementation. Execution is where so many strategies struggle and fail. Be forewarned. It takes hard work and discipline, steady motivation, judicious tweaks and strong leadership to achieve the strategic goals.
You need to set clear roles, hold employees accountable, provide needed resources, and recognize and reward successes along the way.
The Bottom Line
To develop the right strategy, you need to plan well, actively involve key stakeholders and focus on implementing the critical few moves that matter most.
To learn more about improving your chances for strategic success, download 3 Big Mistakes to Avoid When Cascading Your Corporate Strategy
How to Sell Value versus Price
7 Threats to a Positive Company Culture
The Managing Virtual Teams program was extremely valuable. Your consultant/ facilitator’s fundamental knowledge of Synopsys as a company provided an incredible base to build upon while tackling the complications of managing and working with globally distributed teams. My team walked away walked away with highly useful practices and tools. It was an excellent use of our time.
Vice President, Information Technology
Thank you to LSA Global for their partnership and support in helping us to design and roll-out our valuable management development training program. I personally have partnered with LSA Global at four of my previous companies. It continues to be a delight working with LSA. We look forward to partnering with them at Blackhawk Networks for future training and consulting needs.
VP Human Resources
Hyperion has a commitment to lifelong learning. LSA helps us provide the right business sales training, management training programs, and leadership development programs at the right time to meet the needs of both individuals and departments. I especially appreciate their ability to listen to my needs and recommend the appropriate facilitators, solutions and content.
Senior Project Manager
I have worked with LSA Global at previous companies and welcomed the opportunity to bring them in to support my new organization. We worked closely with LSA to design a solution for our Client Partner Teams and Management Training on both coasts. LSA designed a customized solution for our business and organizational culture. LSA is a quality organization, one that I’d recommend to any company looking for a first class training and consulting partner that makes an impact.
Chief People Officer
I have worked with other training companies and found it to be more of a seller/buyer relationship than one of matching the right expertise to our business issues. That’s what LSA does – ask the hard questions, listen, and understand our business needs. We receive the benefit of their expertise from assistance with personal development plans to enhancing team performance, to looking at enterprise-wide challenges. It’s all about helping our business succeed as we grow. Right now, LSA is providing great ideas, a fresh approach, and valuable guidance as we develop our management team and accelerate our client relationship management results.
Director, Team Development
LSA has become the gold standard in team building and management training at Genomic Health! I have a hard time finding facilitators that come close to their level of customization, expertise and experience.
Director of Human Resources
LSA has been a tremendous asset to my portfolio, both at my current company and my past company. As an HR leader, I am always looking for ways to find external resources that can provide a solution to our management training needs. LSA does that for me. Their solutions are presented in a much more leadership-oriented manner so as to be crisp, business relevant, and easy to apply right back on the job. I will continue to augment our programs using LSA solutions.
VP of Human Resources
I consistently look to LSA Global when I need custom programs put together for my client groups. I can always count on LSA to do a thorough needs analysis and to put together spectacular programs that are well received. Their management development and performance management expertise and professionalism make them one of my top-rated learning and development partners.
HR Program Manager
Here’s a token of my appreciation for ALL your efforts. I’m offering my most sincere appreciation, and it extends to all the folks who made our customized management development programs possible.
Workforce Planning Bureau
LSA’s approach and ability to bring the best resources to eBay has been a great asset. They really focus on helping us succeed in any way they can and are very flexible in meeting our management and talent needs.
Learning & Development
LSA is an instrumental training outsourcing partner in helping us to build management capacity and strategically invest in our people. Their flexibility, depth, and breadth of expertise allows us to deliver top quality solutions that are directly tied to key business plans. Their ability to custom design, deliver, and evaluate our Management Curriculum has been excellent. They are true business partners and a pleasure to work with.
Margaret M. Mader
Vice President, Human Resources
PalmSource has found our relationship with LSA extremely beneficial. We worked closely with LSA to customize the right Management Training Program solution to meet our unique business needs. LSA is a quality organization, one that I’d recommend to any company looking for a first class training and consulting partner.
Vice President of Human Resources
We have been able to utilize LSA’s extensive network of top-notch resources to leverage our investment in employee development. The result has been the cost effective and highly efficient delivery of quality educational and management training programs.
Vice President, Human Resources
VNUS Medical has been very pleased with the effective management development programs that LSA Global has delivered for us over the last four years. The programs have been universally facilitated by experienced and best in class instructors. The knowledge gained by our management team has been put into practice very quickly. VNUS is very happy to be working in partnership with LSA because they consistently deliver excellent programs that receive exceptional feedback from our management team.
Cindee Van Vleck
Director Human Resources
In the Next Generation Management Development courses, I was trained with skills and tools that have made me and my team more productive, motivated, and successful at communicating with other departments.
Firmware Engineering Supervisor
Download key published insights and tools from industry experts highlighting best practices in the areas of talent, strategy and culture.
Want to know how you stack up against leading organizations? Receive a complimentary benchmarking analysis courtesy of an LSA Expert.
Get up to speed on timely solutions critical to your business. Published by LSA Experts based upon client feedback and key industry trends.
First we identify the key metrics you want to improve. Then we assemble a dedicated team of elite experts who have successfully solved similar problems with similar clients.
Stay up to do date with the latest information on how we help high growth companies align their culture and talent with strategy.
Real world consulting and training approaches from LSA projects, providing insights on how your company can outperform the competition.