Here to There
In today’s fast-changing economic environment, global organizations require a faster and more flexible approach to experiment with purpose.
The strategy is the "way" you choose to reach the goals in the business plan. It needs to be flexible in order to reach the goals in the dynamic business environment. The strategy is not an effective strategy if it is limited to rigid prescriptive strategy formulation. Nor can a strategy be effective if organization and management structures and practices are not flexed to allow strategic thinking to emerge across the organization. The strategy is not a strategy when it can not assure a competitive advantage in terms of capabilities.
A strategy to get from "where you are" to "where you want to be" involves several key steps:
Define Your Vision: Clearly establish your goals and objectives. Strategic planning begins with a clear vision, mission, and goals.
Assess Your Current Position: Understand your current resources, capabilities, and limitations. This involves a thorough evaluation of your internal and external environment.
Set Realistic Goals: Formulate realistic goals by balancing means and ends.
Develop a Plan: Create a detailed plan that outlines the steps needed to achieve your goals. This plan should identify key priorities and allocate resources effectively.
Implement the Plan: Put the plan into action, ensuring that everyone in the organization is working toward the same goals.
Monitor Progress: Measure progress regularly and make adjustments as needed. Establish a mechanism for informed change when necessary.
Adapt to Change: Be flexible and willing to adapt to changing circumstances. A solid strategy needs to be able to adjust to unpredictable changes.
Allocate Resources: Apportion productive assets among different uses to maximize output.
Secure Consensus: Achieve a measure of national consensus on your goals.
Continuous Improvement: Regularly review and refine your strategy to ensure it remains effective.
In today’s fast-changing economic environment, global organizations require a faster and more flexible approach to experiment with purpose. A good strategy is beyond the well-designed template filled out with goal and vision; it should be more subject to challenges we face and provide an approach to overcoming them, it should be executable.
