Developing a High-Performance Strategy

Does everyone in your organization know its strategy? 

Strategy is not necessarily a document but rather an orientation and mindset that should be understood by every employee, guiding day-to-day decision-making at every level of the organization.

Some elements of strategy include:

• A synonym for conscious choices
• Addresses the interface between the organization and its environment
• Lays the foundation for tomorrow's success while competing to win today
• Involves anticipating, adapting, and creating change
• Is the most important and difficult challenge facing most businesses
• Requires trade-offs (can't be all things to all people
• Includes differentiating the organization from competitors
• Necessitates risk-taking
• Is the task of the entire organization
• Must be operationalized into plans and actions

Although some industries are more stable than others, the ones that flourish in the long-run are those who engage in continual strategic renewal.

Our sequence for strategic design is:

• Analyze the business environment
• Forecast the future
• Create a core idealogy
• Define strategic direction
• Define competitive advantage
• Set goals
• Create a master plan

Please let us know if we can help you with your strategy!

Until next time...

Sheryl Tuchman
http://Tools2Succeed.com/