Strategy Design
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Introducing strategy design
Strategy Design or Strategy Sculpting
involves helping organizations exploit opportunities in their present
and future. It assumes that leaders need to make quick decisions in a
rapidly changing and complex environment. It assumes an unpredictable
future - the present and future are no longer what they used to
be.
We help organizations to prepare for
this uncertain future, and to become and remain successful while they
fulfill their purpose.
The failure of traditional strategic planning
Recent research has revealed how the conventional approach to strategic planning has failed- Very few strategies (about 10%) are executed as planned (Fortune Magazine, May 2002)
- Almost 80% of companies have a formal strategic planning event
(HBR, Sep. 2006)
- Yet only 23% use these events for making their most important strategic decisions (HBR, Sep. 2006)
- Only 45% of polled CEOs were happy with their strategic decisions. (HBR, Sep. 2006)
Traditional strategic planning fails
because it assumes that we exist in a stable world with a known future,
one in which "cause" factors can be identified and their "effects"
predicted. It also assumes that simply implementing a detailed plan,
and adjusting systems accordingly, will help organizations to succeed
in the future. The vast majority of traditional strategies are simply
an extrapolation of what worked in the past or variations on the
theme.
Traditional strategy manifests in thick ring-bound documents in the
corporate bookcase.
The future of strategy
The future of strategy involves
accepting an uncertain future full of opportunity, unknown events and
conflicting agendas. The leaders of the future accept that the
competitive landscape and rules of the game have changed, and that
playing by the old rules will no longer get them anywhere. They
consider scenarios and ready themselves for whatever might happen -
challenge or opportunity.
These leaders no longer spend their
time preoccupied with planning, organizing, monitoring and controlling,
although elements of this still needs to be done. Instead they invest
their energies in developing their capabilities and cultivating
proactive and adaptive teams and valuable strategic relationships. They
encourage strategic discussions in their offices' corridors and realize
the importance of sharing their vision to build momentum within their
organizations.
The next generation of strategic
leaders are able to make decisions swiftly and execute them with both
speed and elegance. Those leaders that hesitate too long at the
crossroads and play by the old rules will soon find themselves left
behind.
How do we help organizations?
We tend to help organizations in the following ways:
- We help leaders to prepare their organizations for the future.
- We challenge the paradigms and
business models within which an organization operates and usually
develops its strategy.
- Together with the leadership, we
review and, if necessary research an organization's strategic context,
including the perceptions of its stakeholders.
- We assist organizations to find and develop distinctive and competitive advantages.
