A naukri.com initiative
The Beautiful Mess
1M
224
Image Credit: The Beautiful Mess
TBM 331: Strategy & Decisiveness
- Strategy should not always be viewed through the lens of decisiveness as not every strategic decision is decisive and sometimes a strategic decision may involve indecisiveness.
- While companies that focus entirely on one aspect may seem more successful, most firms have strategies that are less clear-cut.
- Companies don't need a 'purely' inspiring strategy to be decisive; they can diversify and opt for gradual progress if running a narrow strategy is not helping their agenda.
- In reality, the 'best' strategy is rarely perfect and comes with many options and constraints in a sea of bad choices.
- To be strategic, a company needs to focus on the handful of areas where it makes sense to be strategic and where there are a small number of questions that need to be answered.
- The right strategy should take into account the unpredictable nature of business as well as competition, human psychology, and the cumulative effect of past decisions.
- The best strategies acknowledge company's messy realities and embrace flexibility and focus.
- Front-line teams need to be made aware that juggling acts are sometimes the reality of a strategic decision and this fact of life needs to be accepted for the team to move on.
- Individuals and teams need to know when to embrace flexibility and when not to.
- Every day decisiveness with a dash of strategy can indeed take one a long way and help meet the expectations of front-line teams.
Read Full Article
13 Likes
For uninterrupted reading, download the app