A Simple Way to Test Your Company's Strategic Alignment
1. How well does your business strategy support the fulfillment of your company’s purpose?
2. How well does your organization support the achievement of your business strategy?
Dynamic Strategy
- We need an alive strategy to face the world's changes, customers' changes, and competitors' changes.
- Open, Adaptive, not Solved and Settled.
- It is so important for strategilists to manage the process of strategies.
Developing Strategy in an Uncertain World
1. Determine your beliefs about how the business works, its key trends, and its destination
2. Set Direction by determining a compass heading and pace
3. Prepare for the "killers" and "kickers" by asking what will make and break your organization
4. Review and reassess developments and be ready to make new decisions
Get Strategy Execution Right
1. Do you have the right strategy?
- Elements of strategy
a. a clear goal
b. a defined target market and products
2. Employ a fair and open process to create one
3. Use your project management skills to implement it
- To implement a Strategy
a. build project teams
b. create milestones
c. set performance indicators
d. track progress
e. report to stakeholders
f. hold people accountable
4. Treat it as a real initiative
- Feb 10 Wed 2021 07:32
[Strategic Thinking] BU strategies and Strategic Alignment
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