Managing your strategy process
Strategy is not really a solo sport – even if you’re the CEO. At its most effective, it involves people and knowledge at all levels, inside and outside the organisation. Part of this is organising strategy creation, measurement and implementation in clever ways that work.
Frequency: Monthly and annually. Key participants: You and your organisation.
The old CEO of GE decided the company should grow organically two or three times faster than GDP by spending years of employee time redesigning their strategy process. Unfortunately, the next twenty years were a stark reminder that process does not replace strategy. The cost of that wasted time was a $100 billion debt, investments in unprofitable, old-fashioned industries, ...
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