Learn more about strategy with this collection
Effective communication with remote employees
Strategies for building trust and accountability
Techniques for managing remote teams
You need to not only accept volatility but also recognize your inability to come up with the perfect plan. Change your strategy mindset.
Even if we thought we’d found the perfect plan, it wouldn’t be the answer for very long. The business’s circumstances are changing so fast.
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Managers struggle with strategic planning — to the extent that some experts claim that there’s no such thing. Actually, strategic planning is a very useful part of the toolkit, provided you can avoid the stumbling blocks.
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Strategic planning won’t disappear anytime soon. It’s a way of shaping how to negotiate a changing future. Everyone needs that.
A strategic plan is also not a set-and-execute document. Developing it involves a responsive process of continual anticipation. It’s a way to contemplate changing ...
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Don’t get stymied by overemphasizing “planning” in your company’s strategy development.
Strategic planning is a way of making sense of an uncertain future. That’s not to say the future will turn out exactly as planned. Nor does it mean no plan at all since even an often-changing plan produc...
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Budgeting takes place within the context set by the strategic plan. The point at which the budget is set is the same point at which executive and shareholder expectations are put in place. Now circumstances change. And in a flexible planning environment, so does the strategic plan.
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Strategic planning has been branded a “big lie.” One reason is that what really unfolds for an organization is not the same as what was articulated in the strategic plan to begin with. The result “emerges.” In other words, the plan needs updating as time progresses.
Another criticism is tha...
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Prototyping is all about creating an illusion. To prototype your solution, you’ll need a temporary change of philosophy: from perfect to just enough, from long-term quality to temporary simulation. This is the “prototype mindset,” and it’s made up of four simple principles:
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