Business Strategy
Business leaders who want to see improved business results must first present to their employees a launch path to success. That does not mean that all the answers to the organization’s challenges must be provided by the leader. In fact, employees should be fully engaged in finding new, unexpected, and beneficial solutions to critical problems. They should also be challenged to find innovative ways to exploit opportunities.
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Each time people come together to address important organizational issues and a facilitator is engaged there should be high expectations and low risk. The high expectations are for anticipated breakthroughs. The low risk refers to the possibility of not meeting client expectations.
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Due to the pandemic and resulting economic meltdown, businesses are facing an unparalleled assault on their ability to stay viable. While these are anxious and unprecedented times, business leaders must focus their energy on addressing the acute issues that will impede their ability to stay in business. Now is not the time for perfection, but it is the time for clear, focused thinking, about decisive actions to drive immediate results.
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Maintaining focus in business is essential if we are to provide value to our customers and achieve the required financial returns. But the question is what to focus on? I believe it comes down to doing three things well.
When considering engaging a business facilitator to conduct a planning session, it helps to anticipate what value the strategic facilitator should bring to the planning meeting. Planning sessions are typically signal events in the life of organizations. There is no room for failure.
Business Action Plans are like the meat in a sandwich. They provide the content between strategic and operational planning. A Business Action Plan can cut across a company, division or department.
Multi-Year Strategic planning, when it is done right, provides benefits to the organization during the actual planning process. Most importantly, it creates long-term benefits by providing a road map to organizational success.
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The number one job for all executives is to improve their business performance. What methods to employ is the question. Here are a few concepts to consider.
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Even infrequent golfers experience irritants with public golf courses. This should give owners pause. Why? Because it illustrates problems with their business model.
To demonstrate, we will use the right side of the Business Model canvas, which identifies:
I have frequently observed that when delegations of business executives meet their government equivalents there can be gaps in communication. This can be the result of different perspectives about the substantive issues. For example, businesspeople usually have very specific interests and the government officials have a sense of responsibility to a wider set of competing interests.
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