In any organization, having a well-defined strategy is crucial for achieving its goals and objectives. However than strategy is needed to ensure success. It requires the presence of clear drivers that align with the strategic goals. Drivers act as catalysts that propel an organization toward its desired outcomes. This article will explore the concept of…
Strategy Execution: Taking Action at the Opportune Moment
It’s not just about developing a solid strategy; it’s about implementing it with precision and agility. Strategy execution requires careful planning, resource allocation, and most importantly, taking action at the opportune moment. In this article, we will delve into the importance of timing in strategy execution and explore how organizations can optimize their actions for…
Strategic Management: The Key to Business Success
As a business owner, you are sure to understand the importance of building and executing a strategy across all sectors of your business. Everything from your marketing, sales, and ad campaigns must have their strategy in place. Of course, that means gaining a deep understanding of what you want to accomplish, why, and in what…
Why do so many business strategies fail to deliver expected results?
Posted on April 20, 2022 In their book The Balanced Scorecard, authors David Norton and Robert Kaplan note that 90% of organizations fail to execute their business strategies successfully. Most organizations start with pre-conceived notions of failure and label strategy development and execution practices as leadership requirements or just academic exercises. Once there is a…
What is Strategic Management?
Strategy is one of the primary levers at top leaders’ disposal in their never-ending quest to maintain organizational viability and effectiveness. The strategy offers a formal logic for the organization’s goals and orients the people around them. It relies on plans and sets of choices to mobilize people and can often be enforced by both…
Visually design your Organization’s Strategy with Mind Maps
The Mind Map is a visualization technique to graphically establish connections between several ideas or pieces of information. What is a mind map? A Mind Map provides an idea mapping tool for visual tracking of your ideas. The mind map consists of diagrams based on concepts that branch from the concept and are designed to…
Maximizing the Benefits of a Prioritization Matrix for Making Strategic Decisions
Understanding Value, Risk, Mission Alignment, Funding, Staffing, Dependencies & IT A prioritization matrix is a fundamental tool for understanding prioritizing projects or initiatives in order of relative importance. Though numerous organizations exist that critically lack this practice, prioritization has the potential to vastly improve outcomes for leadership teams, customers, and job satisfaction alike. Understanding the…
Understanding Change Management: Challenges, Resistance Factors, and Benefits of an Effective Strategy
What is organizational change? According to HBR, Organizational change refers to the actions in which a company or business alters a major component of its organization, such as its culture, the underlying technologies or infrastructure it uses to operate, or its internal processes. Why is change management important? Change management is important not only due…
Usecase for PESTLE Analysis
The external environment, including physical, political, economic and social factors, can significantly affect how businesses operate. PESTLE analysis is a useful tool for auditing all external factors that can affect an organization’s success. Reviewing the external environment and macro environmental factors through PESTLE makes it possible to identify and understand long-term trends and use them…
