How Satisfied Are You with Your Strategy Design Process?

a business man is looking at a Strategy Design Process

Your Strategy Design Process Should Be Your Killer App
Be honest…how satisfied are you with your organization’s strategy design process?

  • Do you grit your teeth at the mere thought of that annual ritual?
  • Do you end up, along with 2-out-of-3 executives we interview, with the “same old-same old” that has been merely re-worked to be a bit more ambitious?
  • Or do you emerge with a clear, compelling and implementable strategy to move you and the business forward?

Why Your Strategy Design Process Matters
Our organizational alignment research found strategic clarity accounts for 31% of the difference between high and low performing organizations in terms of revenue, profitability, leadership, customer loyalty and employee engagement.  And we have learned over two decades of helping clients design strategies-that-work how to set up the strategic planning process so you can create a workable and inspiring plan to propel your organization foward.

Your Strategy Design Process Should Increase Your Odds of Successful Strategy Implementation
We believe that the strategy design process should result in a strategic plan that is:

  • Ambitious enough
  • Meaningful enough
  • Flexible enough to account for changing market conditions
  • Executable through specific action steps that guide management and the front line

5 Critical Elements of an Effective Strategy Design Process
Here are five critical elements of a well-conceived strategy design process that increases the odds for successful implementation:

1.  Include Front-line Managers and Customers in the Strategy Design Process
Crafting strategies is usually left up to the executives. But don’t make the mistake of isolating those making the decisions from those they are attempting to serve. The further apart the executives are from the people who must execute and benefit from the strategy, the more difficult the plan will be to implement.


RELATED:  3 Big Mistakes To Avoid When Cascading Your Corporate Strategy


2.  Make Budgeting a Separate Process
It is all too easy to get hung up on numbers and financial targets if you combine your strategy design process with budgeting. Putting together a strategy should be an exercise in prioritizing opportunities and planning for the future. Of course, the strategy’s success will depend upon available resources, but you mustn’t drown in the math and overlook the compelling vision for growth and innovation.

3.  Ensure the Strategic Planning Process Is Ongoing Rather Than Once-a-year
Don’t depend on the calendar to tell you when you should hold the next strategic planning session. Once-a-year is not often enough if you want to stay on top of today’s dynamic markets. Schedule regular opportunities to talk about and evaluate strategic alternatives and progress.

Establish a more flexible cycle where you can review the current plan and adjust as needed in real time.

4.  Have the Right Conversations at the Right Levels of the Organization
Keep it simple. Don’t muck up the strategy design process with conversations and decisions that can be made at a lower level. Just as it is wrong for managers to over-manage their team members, it is inefficient and ineffective for executives to have to decide operational issues that can (and should) be capably handled by staff. Reduce the bureaucracy and focus the discussions so you can keep your eyes on the prize.

5.  Prioritize and Allocate Resources According to the Future, Not Only the Past
At best, incremental strategies get incremental improvements. Your strategy design process should not be an incremental adjustment year after year. The slate should be swiped clean.

Ruthlessly allocate resources to the most critical future growth opportunities. In the end, this is in the entire organization’s best interest.

The Bottom Line
Are you one of the 2-out-of-3 executives who are unsatisfied with their strategy design process?  If you are, make sure you design a new strategic planning process that creates clarity, ambition, flexibility and implementability for your key stakeholders.

To learn more about upgrading your strategy design process, download Should You Facilitate Your Own Strategy Retreat? 3 Guidelines to Help You Decide

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Frank Abbott
Chief Financial 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.

Kristin Westland-Kaune
Director, Team Development

I am very impressed with the quality of work and talent. LSA did a great job of listening to my needs and providing the exact management training program expertise I needed to get the job done.

Don Pryor
Director, Business Planning & Analysis

I’ve been associated with LSA for the last 8 years and have found them to be an extremely professional, well managed full service training organization. Since working with LSA, I’ve participated in a number of solutions ranging from Performance Management to Assertiveness Training – I’ve found that the quality of the resources is superior. They are well prepared and have definitely done a considerable amount of pre-work in order to customize our culture and business into the total learning experience – making it most beneficial for our employees.

Duane Schroeder
Human Resource Manager

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!

Bob Ward
Director of HR

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.

Debra Martucci
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

For our go to training outsourcing partner, LSA provides exactly what we want. As always, they deliver outstanding work!

Elizabeth Siebert
Director, Organizational Excellence & Development

Intuit

The refreshing thing about LSA is that they focus on understanding our business situation and helping me succeed instead of selling a product. With over 150 experts, they are an invaluable resource that helps me deliver higher quality results faster. I recommend them to anyone looking to improve the performance of their workforce.

Stacie Rodgers
VP of Human Resources

Cutera

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.

Margie Bunting
HR Manager

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.

Sandeep Kumar
Director, Software Engineering, EPG

In my years working with LSA, it seems like I’ve had a personal consultant at my fingertips to help me identify just the right solution to satisfy our needs. The entire LSA team has become a trusted friend of Actel — assuring we provide state-of-the-art learning to meet our complex, high-tech business and people needs.

Linda Mitchell
Training Manager

Working with LSA Global has proven to be extremely valuable and worthwhile. LSA understands our business, has deep expertise in content areas, and tailors the programs to deliver great results. The facilitator was extremely knowledgeable about Working Globally with India and her energy and passion made the session interesting, fun, and enjoyable for all that attended. The participants walked away extremely pleased along with highly useful practices and tools. I would highly recommend LSA Global to any company that has partners or offices in India.

Glenn McGillivray
Human Resources Business Partner

Intuit

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.

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Senior Project Manager

Hyperion

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
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