Business Strategy

What’s replacing traditional strategic planning?

By |2018-12-01T18:32:28+00:00November 28th, 2018|Categories: Business management, Business Strategy|

Why does traditional strategic planning generate over 50% failure rate? Learn what you can do set your team up for a higher percentage of successes. Learn why traditional methods can’t address the root causes and what can. Watch this six-minute video.

Dynamic platform vs. traditional business strategy

By |2018-12-01T04:39:36+00:00June 27th, 2018|Categories: Brand Strategy, Business Leadership, Business management, Business Plans, Business Strategy, Strategic planning|

Our dynamic platform harmonizes your leadership team around a clear vision in one day and then builds momentum long-term, ensuring that vision becomes a reality. It could be called a “Strategy Platform”. But let’s not. Our approach is so radically different from the disappointing image “strategy” can summon in the minds of business leaders, we don’t like to use the word.

Unlike a traditional approach to strategy, our dynamic platform is an online, adaptive, affordable, collaborative method that guards against faulty conclusions or dust-gathering strategy documents because no one knows quite what to do with them.

Don’t settle for the traditional approach of just getting people on the same page, offer them a framework for smart improvisation.

Wondering if it’s actually possible? Over a hundred organizations have found it highly beneficial.

Check it out: http://visionplatforminc.com

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Why do so many business initiatives fail?

By |2018-12-01T19:03:46+00:00May 14th, 2018|Categories: Business Leadership, Business management, Business Strategy, Strategic planning, Uncategorized|

According to executives, nearly half of all strategic initiatives fail.

Various studies conducted since 1995 consistently show executives will admit their strategic objectives have failed on some level almost half the time. I am not surprised by the failure rate, but I am thrilled by the honesty. When we can admit a problem, we can begin looking for a solution.

There are two reasons strategy fails. Either there is a flaw in the strategic plan, or the strategy fails in execution. The root cause of both failures is confusion around about what strategy is, and what it is not.

Conceptually, strategy answers the question of “Why.?” Strategic objectives will answer the question of “What?”. Tactics answer the question “How?” The trouble comes when strategic objectives and executional tactics are also considered strategy. We’ve all seen a set of tactics presented as a strategy. This is a classic mistake, but one that can be avoided when these concepts are understood as separate but connected elements in an overall business framework.

Most business leaders are very comfortable with the idea of creating a plan for executing strategic objectives. They know how to break a broad objective into smaller objectives, and then assign the necessary tasks and deadlines to individuals to accomplish those goals. It sounds like a straightforward process, and impressive when the plan is presented in a whiz-bang slide deck. Yet those same business leaders are surprised when the execution of that plan doesn’t quite proceed as they’d intended, or at least about half of them are.

Unfortunately, without answering the “Why” question first, there are no criteria for evaluating those objectives, or how they will be executed. So the leader can either do nothing because he cannot make a clear-minded decision on his own, or he’ll do what most leaders do, make the best guess he can and hope it doesn’t fail. Suddenly, it becomes apparent where the high failure rate of strategic initiatives comes from.

There has to be a better solution.

We’ve developed a really smart option to rapidly answer the“Why” question first. Check it out at https://visionplatforminc.com

 

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