Tag: Strategy

Manicured Strategies

Manicured Strategies

Many organizations think they have a strategy. In reality, they have a manicured strategic plan: A document which has all the outward signs of solidity—such as fancy trend graphs, SWOT analyses, and impressive hockey sticks— neatly summarized in a slick powerpoint package. Yet, three essential elements are often missing.  Strategic Quitting: Every strategy requires a detailed plan of all activities which have…

Missing Bullet Holes

Missing Bullet Holes

During World War II, a group of statisticians was asked to find ways to reduce the number of American airplanes that didn’t return from missions. After studying bullet-hole patterns in aircrafts that returned from missions, the idea was to add more armor to the areas of the planes where they had been hit the most—wings, fuel system, and fuselage— but,…

Strong Weaknesses

Strong Weaknesses

The road to high performance starts with building on strengths, instead of improving weaknesses. This approach is not always easy. Below are ten warning signs of organizations moving away from their strengths. More than 80% of a typical performance review is about what is not going well. Personal development plans are focused on building skills which don’t play to people’s…

The Strategy of your Strategy

The Strategy of your Strategy

There are only two problems in business and in life. What do you want? How do you get it? This provides a simple framework for your strategic focus—the strategy of your strategy—this year. Figure: A simple framework for the strategy of your strategy If you don’t know what you want, and you don’t know how to get it, you simply…