Are you living in a world of functional silos?
Strategic decisions affect every aspect of your business, especially future growth. When the strategic direction of the business is unclear or its leaders are not aligned around a common vision, inertia is the inevitable result. Often times, the missing ingredient is a common approach to making decisions and driving change.
Is this what you're experiencing?
- Strategic decisions are influenced more by authority than data and structured analysis
- Clashing alternatives between different functional viewpoints are difficult to resolve
- Terms like “world-class” and “leader in xyz” are being used, but few people can describe what that actually means in specific terms
- Decisions are influenced by history or momentum and fresh alternatives are not considered
- Decisions are made in the C-Suite, but nothing happens in the field
- General lack of clear priorities regarding investments in the business—when asked about the strategic priorities in the business, every manager comes up with a different set of answers
- Initiative proliferation—lots of projects get started, few get completed, and nobody knows which one is more important
How are you doing against these best practices?
- A clear, common, data-driven decision-making process exists for making strategic decisions and formulating strategy
- A specific vision sets clear priorities around products/services, markets, the growth strategy, and “how you will win”
- Key cross-functional decisions are made quickly, with consensus on the choices made
- There are defined, measurable sets of strategic initiatives. They have been prioritized, with assigned accountability, resources, and deadlines
Every organization and function needs a strategic framework. It serves as the context for all activities, defining what you will and will not do as an organization.
In today's complex world of interrelated business and technical issues, organizations must deal with multiple teams of different functions. The secret is to minimize the impact of "emotionial preferences" and to focus on the facts. Using an evidence-based process resolves issues more quickly and drives solid, effective decision-making.
Enhance your strategic thinking skills with a systematic framework for evaluating actions against strategic choices, and establishing a strategy for your area of responsibility. Use rational decision making processes to pick your strategic direction through clear objectives and risk assessment.