Strategic Speed Often Equals Strategic Success
The strategic speed at which companies execute their strategic plans and deliver on their product road maps can make all the difference between success and failure. A recent CEO described their role as the organization’s leader in charge of strategic clarity and implementation. The CEO believes, as do we, that CEOs should work with the executive team and other key stakeholders to:
Strategic Speed Needs Strategic Change
Successful companies thrive on change and disruption. Successful leaders learn from strategic implementation and improve with each iteration to increase the strategic speed of change.
Strategic Speed During High Growth
Often as organizations grow, so do the potential problems. For example, during high growth, some CEOs mistakenly become too entangled with internal issues. While processes, practices and technology must keep pace with growth in order for companies to scale gracefully, beware of losing focus on your market and your target customers.
Small Changes Are Faster Than Big Changes
Regarding strategic speed, there is a school of thought that goes beyond achieving basic strategic clarity.
What is Your Strategy Built For?
How can you protect your bigger (and perhaps built for comfort) organization from these competitive insurgents who innovate, adapt and deliver faster because they are built for strategic speed to swoop in and quickly win under-served markets or opportunities?
Use Mini-game Plans to Create Strategic Speed
If you want to increase your strategic speed, create mini-game plans within your overall business strategy by:
The Bottom Line
Businesses that increase strategic speed will outperform their peers by quickly learning what works, understanding what does not work and capitalizing upon those lessons better and faster than their competition. The mini-game approach allows for the best of both worlds…the maneuverability of small teams and the learning power of big teams.
To learn more about the elements required to create strategic speed, download, The 7 Warning Signs that Your Strategy is Not Ready for Increased Strategic Speed
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