The phrase “strategy” has been marginalized since its inception, but the ever evolving business environment increasingly benefits from quality strategy which could be the difference between success and organizational failure.
Leadership is the life blood of all organizations and a strategy to maintain a consistent leadership base of seven years is optimal for success. Leadership teams need to selectively abandon past processes and replace areas of need with new creations that power future production. Leadership teams need to have a constantly evolving five-year plan because the external landscape is constantly changing and is difficult to predict.
Strategy needs to consistently evolve because it possesses a half-life from the moment of implementation. Additional limits to strategy include imitation and commoditization which reduces value and effectiveness.
The future is rapidly changing and the yearly complexities of business are constantly morphing through ever-expanding world crisis. Growth is associated with complexities and globalization has increased expectations to levels that are unmanageable without proper strategy and leadership.
Tomorrow’s dilemma will make today look and feel like the 1850s.
What is your strategy?
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