Thinking strategically begins with being deeply curious about what the future will bring. One of the best ways to exercise curiosity is to look at the trends affecting your industry. The STEEP framework is a handy way to cover all the bases as you look for relevant trends: Social trends: Changes in demographics, lifestyles, social …
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This tool lists five keys to organizational strategy based on research into what successful leaders do. Leaders can use this as a checklist to make sure they have considered all the crucial questions in building and managing their business. The Five Keys 1. The business domain is clearly defined – in terms of the customer’s …
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This article describes the characteristics of strategic thinking and planning. It lays out a series of strategic questions, recommendations, and strategic options. It shows the traps to avoid. We recommend this as an excellent guide to all strategic planning processes. Introduction to Strategic Thinking If you want to think strategically, we advise that you start …
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This strategic options impact matrix is great for assessing the relative value of various strategic options. It is useful for facilitating group discussions about alternative strategies. It has two dimensions: ease of implementation and degree of impact. This is a valuable tool for leaders who want to explore various strategic investments. Download Tool – “Strategic …
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This tool is for leaders who want to understand the six principles of successful strategic positioning. It ensures that leaders are asking the right questions about the overall goals of the company, its business model, and the value that the company creates. Research has shown that companies that follow these six fundamental principles establish and …
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The Nine Types of Strategy is an excellent tool I developed 25 years ago that remains as true today as it was then in describing the different ways organizations can conceive of business strategy. When tipping points or catalytic moments arise in an industry, or a competitor has gained significant advantage by being first to …
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I was working last week with a team of executives in Napa County, California. Our day-long meeting was the culmination of a process that led to redefining the agency’s purpose statement, core values, and vision. We spent much of the day articulating the specific “we statements” that support their core values of Integrity, Service, Excellence, …
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To paraphrase Kenny Rogers, as a change manager, you have to know when to hold ’em and when to fold ’em. Our firm worked with a large coalition in California, helping it develop a strategic plan and a new governance structure.
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