Pressure Test Strategy
Does your leadership team need to pressure test strategy? Many executive teams are great at setting big and exciting future goals for their organizations. They look at where they want the organization to be and plan the steps that will get them there.
Yet many of these same executives are unable to achieve their strategic goals because they become blindsided by unanticipated challenges…those storms and risks for which they didn’t provide a protective strategic umbrella.
Why Strategy Matters
Strategic clarity accounts for 31% of the difference between high and low performing organizations in terms of revenue, profits, customer loyalty and employee engagement. An important component of strategic clarity is insuring and preparing for potential future risks. Our clients tell us proper strategic preparation takes a concerted effort from a cross-functional team assembled just for that purpose.
5 Steps to Pressure Test Strategy Against Risks
Follow these five steps to pressure test strategy and look for the big leaks that could sink your plans for success:
1. Set Aside a Full Day to Focus On What Could Go Wrong
Invite representatives from different aspects of your strategic initiatives. Ideally, you want a diverse, multi-level, cross-functional group so the future can be examined from as many different perspectives as possible. Make sure participants understand the session is fully supported by leadership and will provide critical and valued input to strategic execution.
2. Brainstorm Everything that Could Possibly Jeopardize Strategic Success
No judgment here. Gather as many different ideas—realistic or not—on what could make the strategy fail from different stakeholder perspectives and within different micro and macro scenarios that are both within and outside of your control. Try your best to sabotage success to see what you uncover.
3. Evaluate the Risk List for Impact and Probability
Some risks are more likely to occur than others; and some would have a greater impact. Sort the list by impact and probability so you know how to prioritize your next steps.
4. Design Contingency Plans, Strategic Risk by Strategic Risk
Focus first on those strategic risks with the highest probability and greatest potential impact to derail your strategy. How can you minimize those risks? What steps should you take now or be prepared to take if the risks arise?
5. Share the Plans with Key Stakeholders
Who should be on the lookout for the risks you have identified? Who else should be warned of the risks so they can react as needed to thwart the risks as they occur?
The Bottom Line
Pressure test strategy using strategic scenario planning and problem solving techniques to help your leaders see into the future and protect your strategy with forward-thinking. The more clearly leaders peer ahead and know what obstacles could occur, the better prepared they will be to execute your business strategy as the landscape shifts.
To learn more about strategic clarity and execution, 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 LSA Global team was very receptive and flexible to our needs every step of the way. Their staff and facilitator demonstrated attention to detail, responsiveness, and professional courtesy. The participants were thrilled with the outcome and rated the communication skills workshop and the facilitator as ‘Excellent’. I’d highly recommend working with the LSA Global team to meet your professional development needs.
We partnered with LSA Global to help us invest in our people in the areas of performance coaching, diversity, and inclusion. They focused on helping us succeed and were very flexible in meeting our specific needs. LSA Global exceeded my expectations from a speed, quality, and value standpoint. I would recommend LSA Global to anyone looking for a true business partner.
Director, Human Resources
LSA helped to meet the needs of my teams within a very narrow timeframe. My team walked away with highly useful management tools and practices. LSA saved us time in delivering the right solution for our specific needs.
Director, Software Engineering, EPG
Avon’s success is dependent on strong relationships among our Customers, Representatives, Associates, and outside resources we hire to help us meet our business objectives. We were very pleased with the results from working with LSA Global to design and facilitate a custom program for our events management team. LSA demonstrated responsiveness, flexibility, and an innovative approach to working with us.
Senior Manager, HR Destiny Sales Region
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
SeaTel has found our partnership with LSA Global to be very valuable and beneficial. We turned to LSA to customize a supervisory/leadership solution to meet our needs. LSA delivered a customized top quality solution. I’d recommend LSA Global to any company looking for a best-in-class training and consulting partner.
We consider LSA Global our outsourced learning and development partner. We worked closely with LSA to customize a management development program to meet our growing business needs. I would highly recommend LSA to any company wanting to deliver quality learning solutions.
Vice President Human Resources
LSA’s consultant designed and delivered a half-day team building solution for our recent conference. It included careful customization to integrate the design with our new mission and values. Everyone had fun and identified key issues with our teamwork. Altogether a great program!
Director of HR
We signed up with LSA early on–as their 22nd Member! Since then, our organization’s learning needs have increased and decreased and increased again with the changing times. The beauty of the LSA business model is its flexibility…when we needed to supplement our own internal resources, we used LSA services knowing that we could depend on the outstanding quality of the leadership development and management training programs they provide.
LSA provided top notch solutions right when and how we needed them. They exceeded my expectations from a speed, quality, and cost standpoint. I recommend them to anyone looking for a true business partner in the Learning and Development arena. The breadth and depth of their expertise has helped us hit tight deadlines across multiple projects.
Fortune 500 Financial Services Company
Director of Infrastructure & Technology
We recently contacted LSA Global to assist us with a unique training request. We gave LSA a very short deadline and LSA custom designed a training program to meet our exact requirements within the limited time allotted to them. We found their facilitator to be well versed in the subject matter and very credible; the design provided practical and valuable information to our team of managers. I highly recommend LSA Global, particularly in the area of management training.
Julaine K. Souza
Senior Vice President
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
Each program is preceded by an assessment of the participants. The course is then designed to fit the specific parameters and needs of the group. The highly interactive delivery is provided by recognized experts in their fields. On the spot coaching is provided during the program and each participant receives individual follow-up after the course. Courses can be delivered in-person or virtually. Given the nature of Cisco’s business and the way we operate, these remote workshops are a must for anyone who joins our company. Their work is eye opening. Great content and fantastic delivery.
Frank J. Kuypers
Business Development Manager
On behalf of Roche and my staff I would like to sincerely thank you for your help with this. The English as a Second Language (ESL) assessment and coaching that you provided for our team was a great success.
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.