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 at annual strategy retreats. They look at where they want the organization to be and plan the steps and strategic priorities 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.
What If You Approached Strategic Planning More Scientifically?
Science experiments usually have three main steps: (1) Create a hypothesis about what is going to happen during the experiment, (2) Conduct the experiment, and (3) Reflect on the experiment and learn from it. Strategic planning should be no different.
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 strategic vision for success:
The Bottom Line
Pressure test strategy using strategic scenario planning and problem solving techniques to help your leaders anticipate the future and protect your strategy with unbiased forward-thinking. The more clearly leaders peer around the corner and know what obstacles could occur, the better prepared they will be to execute your business strategy as the landscape inevitably shifts.
To learn more about strategic clarity and execution, download 3 Big Mistakes to Avoid When Cascading Your Corporate Strategy.
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