How do you rate a leadership team’s strategic ability? One thought – look at the team’s ability to iterate strategically without lurching wildly in different directions. Can the team adapt the organization’s strategy to produce more than one economically successful business model over time? Time, in this case, is a decade plus. Success for that duration typically involves at least one business model shift when you consider changing customer preferences, technological advancements and competitive forces.
On this course, teams will need to master two key elements:
• strategy thinking – both the creative and analytical aspects, and
• execution – consistent, disciplined action over time.
“There is another old poet whose name I do not now remember who said, ‘Truth is the daughter of Time.’” Abraham Lincoln
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Tags: In 100 Words, Leadership, management, strategic planning, strategy execution, Troy Schrock
