Great strategies are easy to craft. The challenge is in delivering on them and making them real. Knowing ‘how’ to deliver them is important. Having a ‘why’ that will engage people to take up the cause is today no longer an option, but an absolute competitive necessity. But for leaders, it must start with ‘who’ – who does my business need to be to make all of this happen? Without the ‘who’, it all goes nowhere.

 

Review, Reflect, Refocus – 2018/19

It is year’s end. A time during which many business leaders seek to close out the year well and turn their minds to the one ahead. It’s a period to review, reflect and refocus. 

Each year, ‘Compete Weekly’ selects a theme to support business leaders in this process and provides a series of articles to challenge and extend their thinking. In 2018/19, the theme is ‘If Not Profit, Then What?’  

Around the world, we have seen businesses and industries challenged by regulators and communities for their profit-first focus resulting in significant impacts on their market value. 

For all business leaders, the simple question then becomes one of ‘what do I then focus on to drive the performance of my business, if not profit?’

 

 

Summer Series No. 6/7

Three Selected Articles:

 

A Board’s Role In Crafting Strategy

The chairs of some boards like to take a very hands-on approach in developing the business strategy for a company, whilst others see it as a task for the CEO and their team. Is there a best practices model for board involvement in the strategy process?

 

 

 

Active Knowledge Question:

When was the last time you had an active discussion about the role and responsibility of the board in developing the business strategy for your company?

 

 

Strategy – Is It About The What, How Or Why?

So you’ve cycled through the strategic planning exercise again, but have you paused to consider what this process should produce to drive the success of your business?

 

 

 

 

 

Active Knowledge Question:

When was the last time you considered the value your strategic planning process delivers to your business?

 

 

The 4 Levels Of Strategic Thinking in Business

Thinking strategically is an acquired skill and one that all leaders must master if their businesses are ever to be truly successful.

 

 

 

 

 

Active Knowledge Question:

How do you develop the strategic thinking capability of your leadership team?

 

And just in case you missed it, also read last week’s post which considered the importance of ‘who’ to the success of any business, Competitiveness Is Anchored By Trust.