If you want to run a high performing business, there is perhaps nothing more important than (a) developing a winning strategy and (b) executing that strategy effectively.
A great strategy provides focus, coherence, and alignment. It provides leverage and it provides power. “Give me a lever long enough and I will move the world,” stated Archimedes. That’s what we’re looking for from a great strategy.
The businesses that have great strategies enjoy out comes that vastly exceed those with mediocre or non-existent strategies. And the leaders that helm these businesses enjoy similarly superior outcomes, as measured by their compensation, promotions, and recognition, relative to their peers. Simply put, great strategies produce great results.
"The first natural advantage of good strategy arises because other organizations often don't have one... A good strategy has coherence, coordinating actions, policies, and resources so as to accomplish an important end. Many organizations, most of the time, don't have this."
- Richard Rumelt, Professor Emeritus, Strategy, UCLA (2011)
This post is the first in a series: “Bad, Good, or Great? How to Assess Your Strategy and Make It a Winning One.” The aim of this series is to convey (a) how to assess your strategy, (b) how to distinguish bad, good, and great strategies, and (c) how to make your strategy better.
Coming posts include:
Our Strategy Power Assessment ™ survey will show you how to assess your strategy, determine your Strategy Power Score ™, and provide specific recommendations for how to prioritize your strategy development efforts. This will allow you to get maximum value from the time and effort you invest in developing your strategy.
If you would like advance drafts of the full series or any of the individual posts above, you can reach out to me on LinkedIn or via email at ray.bamford@alucida.co. More generally, if you’d like to put these ideas into action or explore how to apply these topics for your business, please let us know. We would be delighted to help.
If you want to run a high performing business, there is perhaps nothing more important than (a) developing a winning strategy and (b) executing that strategy effectively.
A great strategy provides focus, coherence, and alignment. It provides leverage and it provides power. “Give me a lever long enough and I will move the world,” stated Archimedes. That’s what we’re looking for from a great strategy.
The businesses that have great strategies enjoy out comes that vastly exceed those with mediocre or non-existent strategies. And the leaders that helm these businesses enjoy similarly superior outcomes, as measured by their compensation, promotions, and recognition, relative to their peers. Simply put, great strategies produce great results.
"The first natural advantage of good strategy arises because other organizations often don't have one... A good strategy has coherence, coordinating actions, policies, and resources so as to accomplish an important end. Many organizations, most of the time, don't have this."
- Richard Rumelt, Professor Emeritus, Strategy, UCLA (2011)
This post is the first in a series: “Bad, Good, or Great? How to Assess Your Strategy and Make It a Winning One.” The aim of this series is to convey (a) how to assess your strategy, (b) how to distinguish bad, good, and great strategies, and (c) how to make your strategy better.
Coming posts include:
Our Strategy Power Assessment ™ survey will show you how to assess your strategy, determine your Strategy Power Score ™, and provide specific recommendations for how to prioritize your strategy development efforts. This will allow you to get maximum value from the time and effort you invest in developing your strategy.
If you would like advance drafts of the full series or any of the individual posts above, you can reach out to me on LinkedIn or via email at ray.bamford@alucida.co. More generally, if you’d like to put these ideas into action or explore how to apply these topics for your business, please let us know. We would be delighted to help.
