Getting distracted by new projects and ideas can doom your strategy. A lack of focus or a failure to prioritize your efforts leads to working on non-strategic projects at the expense of initiatives that drive strategy success. Manage your prioritization process rigorously and say "no" to distractions.
- Getting distracted by new projects and ideas…can doom your strategy from the start.…A lack of focus or a failure to prioritize your efforts…leads to working on non-strategic projects…at the expense of initiatives…that really drive your strategy.…Manage your prioritization process rigorously.…Say no to distractions.…For details on a good prioritization process,…check out my movies on that subject…in my Strategic Planning course.…I worked with one client…that was trying to grow internationally.…
That was their main strategic focus.…Growth mattered and the international market…was a fertile ground for them to grow into.…The problem was they weren't focused.…They were spending a lot of time on initiatives…related to their domestic supply chain.…They were focused on facility remodeling…in the United States…and they were focused on some small marketing initiatives,…again, only in the US.…There was very little focus on international…and what they were doing there was diluted…by all these other projects.…
This caused them not to achieve their strategic plan…
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- Identify common failure points in a strategic plan.
- Explain how to align compensation with strategy.
- List indicators of underfunding your strategy.
- Describe behavior that can harm strategy execution.
- Define strategic filters.
- Explain how to react to major shifts in your customer's market.
- Identify key metrics for assessing strategy.