Here’s a data point for you: How about something that promises that 74% of the value of an initiative is realized in the first year of roll-out?
To achieve this, it’s important to understand that traditional strategic planning is failing us—and always has. The process never seems to deliver all that it promises at the beginning. Chances are that you have already undertaken the creation of a strategic plan in the traditional sense, but you are stuck.
Today’s episode gives you a way to manage your strategic initiatives, create quick wins and minimize losses – turning data into money.
Sources cited:
“The Numbers Behind Successful Transformations” by Kevin Laczkowshi, Tao Tan, and Matthias Winter. McKinsey Quarterly (17 October 2019). https://www.mckinsey.com/business-functions/transformation/our-insights/the-numbers-behind-successful-transformations
Trout, J., & Rivkin, S. (1999). The Power of Simplicity: a Management Guide to Cutting Through the Nonsense and Doing Things Right. New York: McGraw-Hill.
Keller, G., & Papasan, J. (2013). The ONE Thing: the Surprisingly Simple Truth Behind Extraordinary Results. Austin, Texas: Bard Press.
1.08 - Strategic Selectivity: You CAN have it all, just not all at the same time