What is your Organization’s Appetite and Tolerance for Risk?

What is your Organization’s Appetite and Tolerance for Risk?

Over the past several months we developed a strategic thinking course for one of our primary clients.  As we got into the design and development of the course, we discovered that managing risk is a critically important consideration in thinking strategically. Solid strategic thinking related to executing the organization’s strategy includes assessing the trade-offs involved…

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The 5 Most Important Factors to Successfully Implement Strategy

The 5 Most Important Factors to Successfully Implement Strategy

To effectively and efficiently implement an organization-wide strategy requires many factors come into alignment before successful implementation can occur. First, an accountability model must be clearly defined and embraced for each element of the strategy. Who owns each objective in the plan? Who is responsible for each of the organization’s strategic initiatives? Who is responsible…

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How do we decide which initiatives and projects make the most sense for us to achieve our strategic objectives?

strategic objectives

That is an excellent question! It’s always exciting when your organization comes to consensus about where you’re headed and the strategies to get you there. Once you get to the point of determining the objectives you expect from each strategy, the obvious next step is to determine the initiatives and projects that will help accomplish…

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What is the optimal approach and team size for a strategic planning effort?

What is the optimal approach and team size for a strategic planning effort?

There is no one answer to this question.  The level and scope of the initial program should reflect the best use of management capabilities, and equally important, leadership preferences on how to initiate strategic management activities—regardless of the ultimate level and scope of the strategic management process aspired to and eventually realized. Organizations, even those…

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