Strategy: What Does It Mean and Why Does It Matter?
Move over cloud, strategy has become the hottest new buzzword in business.
If something is broken, just sprinkle a little strategy on it and, POW!, problem solved.
Like with cloud, there are a lot of misconceptions about what strategy is and how to use it. A quick Google search will tell you that strategy is a high-level plan used to achieve goals. But it’s more than that. With limited time and resources available to achieve your goals, having a solid strategy is critically important.
Here are three things you can do to effectively implement or validate your organization’s strategy.
X marks the spot
Strategy isn’t difficult; it’s about making it work for you. By following the three steps above, you can confidently “sprinkle” on strategy and get your organization to where it needs to be. Clearly defining where you are and where you want to be will help you and your employees measure your organization’s success and provide a vision for your employees of what is to come. Communicating the progress of your company’s strategic initiatives, both good and bad, will keep your employees engaged and focused on delivering the results you’re looking for. Prioritizing the importance of your initiatives and keeping your best team on them gives you the best chance to accomplish your goals.
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