How to Develop Strategy for Execution - Coggle Diagram
How to Develop Strategy for Execution
Effective strategic guidelines
link with the corporate vision, identify critical vulnerabilities and focus on what matters the most.
Steps to develop effective priorities.
Three main questions to start seeking for an effective strategy.
What is our vision?
Strategic priorities to a long-term aspiration
What are our critical vulnerabilities?
Acknowledge strategic complexity
Work to achieve simplicity
Create a visual map of the company´s key choices
What should we prioritize?
Stay focused on the most pressing problems to be solved
Good strategies are not about just choices
The most effective strategies need to be structured based on different bases and good decisions taken
The most effective ones share several characteristics
First Business Managers usually have the temptation to anchor strategy in the status quo is understandable
Legacy businesses can be predictable, comfortable, and often profitable.
Employees who buy into the company’s aspirations are more likely to commit to priorities that support that vision
To resonate with employees
The corporate mission should grow out of the organization’s distinctive history and culture
We could say that communication is a core leadership function
Leaders need to be skilled communicators in countless relationships at the organizational level