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

Comments are closed.

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

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

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.

Laurie Torres
Chief People Officer

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

Hyperion

We have worked with LSA Global for our learning and development needs and have always had great success. They helped us recently with customized Management Workshops that we held for the second time. It was fantastic, and I would highly recommend LSA to anyone that is attempting to get immediate and impactful improvements.

Mary Johnston
HR Manager, BU Radiology Informatics

Over the years, both at 3Com and now at Redback, I’ve found LSA Global to be a valuable resource. The recent compliance program that they delivered for Redback’s executive and management team was the right solution, of the highest of quality, and customized to our business and culture. I would highly recommend LSA to any company looking for top quality solutions.

Gina Fulton
Vice President of Human Resources

We engaged LSA to design and deliver a 6-month custom executive coaching program for a group of our key leaders. The focus of the program was to help a core group of senior leaders to leverage previous investments in management training, to ensure the engagement and retention of key employees, and to push critical strategic initiatives forward. Even with the high expectations of our senior people, LSA has completely exceeded our expectations. I would recommend them to anyone looking to create and implement a custom coaching methodology using proven tools to drive true change.

Ivan Fukumoto
Senior HR Manager - Staffing, Training, & Development

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.

Stephanie Webb
HR Program Manager

Rambus

We value our relationship with LSA Global. We came to LSA because we wanted to improve overall behavioral based interviewing capabilities of our managers to increase the probability of both hiring top talent and future leaders. LSA designed a highly customized solution for our business and culture. We are currently rolling out this solution to our leaders. I would highly recommend LSA Global as a top quality resource.

Rae Phillips
HR Project Manager - Training & Development, PHR

I had been working with LSA for many years with my prior company. Currently, I’m with a company who hadn’t done much basic management skills training. After identifying and presenting a program recently, our managers are excited and talking in the halls about the great experience. LSA saves us time in delivering the right training for our needs.

Phyllis Moracco
HR Director

What a personal and professional pleasure it has been to Partner with LSA. They are truly a strategic partner with Wyse. For more than 5 years, LSA has been engaged in delivering various training and development solutions for Wyse, from custom on-site programs targeting specific core competencies, to working individually with clients to build job skills, and offering invaluable services to me and my team as we continue to build our learning programs. LSA’s representatives do more than sell a product, they offer a full service solution: they understand our business, our strategic initiatives, and the needs of our customers.

Jeff Rangel
Director of HR

Understanding and conforming to legal compliance was very important to our company. We turned to LSA Global to provide a quality and cost effective way to ensure that we were AB 1825 compliant. Their interactive eLearning program was top-notch. It allowed our managers to learn at their own pace, and on their own time. The program was tailored to include our logo and our internal harassment policies. It was interactive and met all federal and state legal requirements. I would highly recommend LSA Global to any company looking for an efficient and effective and top quality way to train their managers to be in compliance.

Kelly Warren, SPHR
Director, HR & Compliance

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.

Sarah Parks
Senior Project Manager

Hyperion

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.

Terri Wright-Scheer
Vice President Human Resources

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.

Susan Anderson
Workforce Planning Bureau

Evaluate your Performance

Toolkits

Toolkits

Download key published insights and tools from industry experts highlighting best practices in the areas of talent, strategy and culture.

More

Health Checks

Health Checks

Want to know how you stack up against leading organizations?  Receive a complimentary benchmarking analysis courtesy of an LSA Expert.

More

Whitepapers

Whitepapers

Get up to speed on timely solutions critical to your business. Published by LSA Experts based upon client feedback and key industry trends.

More

Methodology

Methodologies

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.

More

Blogs

Stay up to do date with the latest information on how we help high growth companies align their culture and talent with strategy.

More

Case Studies

Client Case Studies

Real world consulting and training approaches from LSA projects, providing insights on how your company can outperform the competition.

More