Your Strategy Design Process Should Be Your Killer App
Be honest, how satisfied are you with your organization’s strategy design process?
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 more than 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 people and you organization forward.
Your Strategy Process Should Increase Your Odds of Successful Strategy Implementation
We believe that the strategy design process should result in a strategic plan that is:
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:
RELATED: 3 Big Mistakes To Avoid When Cascading Your Corporate Strategy
Establish a more flexible and continuous strategic planning cycle where you can review the current assumptions and adjust as needed in real time.
Reduce the bureaucracy and focus the discussions on the big picture so you can keep your eyes on the prize.
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 current 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 process, download Should You Facilitate Your Own Strategy Retreat? 3 Guidelines to Help You Decide
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