Curated from: inc.com
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It requires hedging bets, keeping your options open, and constantly pivoting in new directions. Forget 10-year visions. Forget 5-year roadmaps. Forget three-year plans. Long-term is a year. Short-term is a month.
Some people think being agile is a mindset. Others think it's an innate leadership skill. If you have the right tools, anyone can build agility into both how you think and as the foundation of your business processes. The goal is to create the capacity for resilience, no matter what's thrown at you.
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It is a visual representation of your top opportunities, which can include products, services, projects, or business strategies. It's not just a list. It's a map, organized by the level of uncertainty of the external environment along with the internal capabilities needed to successfully implement your opportunities.
For example, when you assess your projects based on your uncertainty in these two areas, you get a relative view of which projects carry the most risk so you can invest more wisely.
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Once you have your map, choose the opportunities that you will pursue. You might want to select a mix of low-risk and high-risk projects so you can hedge bets. Also, be sure to keep the Strategy Uncertainty Map alive. Don't do the activity and then wait a year to see how you're doing.
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For each of these two categories, determine up to three specific variables that are the most important success criteria for your organization.
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37 reads
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