Research shows that 90% of the strategies we develop fail due to poor implementation. A part of that 90% fail rate is due to no implementation at all. This assumes you even have a genuine business strategy.
It’s easy to fall into the trap of thinking you’ve got a strategy. But you might have a series of tactical plans or goals behind which there is no actual strategy. Without a real strategy, you’re at the affect of whatever’s happening at the time. Your goal-setting and decision-making will become tactical responses.
A Deliberate Pathway
Strategy is about establishing a deliberate and significant way forward. It’s about resource allocation and making precise choices. It’s not haphazard or knee-jerk. It’s calculated and intentional.
Strategy is about a clear a definitive path to follow. A path that will guide you away from those enticing tactical responses. This makes it easy for you to figure out what to say “no” to.
But implementation of that strategy can be where it falls over. This is often one of the biggest challenges for business owners. You may need to bring new disciplines to the table. These will enhance your ability to put your strategy in place – now and in the future.
A Winning Strategy Needs To Include:
- A Vision – What would your business look like and be like if it were completely successful?
- A Strategic Plan – What do you you need to put in place to achieve your vision?
- An Implementation System – To ensure you get done what needs doing.
“Strategy without tactics is the slowest route to victory.
Tactics without strategy is the noise before defeat.”
Sun Tzu (Chinese General, circa 500 BC)
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