Why the CEO Needs to Make Fewer Decisions The buck-stops-here mentality of the CEO role is often conflated with the idea that CEOs must have the final say in all decisions across the company. While most leaders know this is an improbable, if not impractical assumption, there still exists a culture within most organizations that [...]
Do You Need a Chief Strategy Officer? The role of the Chief Strategy Officer can mean different things to different organizations, leading a company to question whether they really need one. Defining strategic business direction has long been the purview of the CEO, alongside the Board, and for this reason, the CSO role can feel [...]
Measuring Success: Evaluating Company Strategy With Performance Metrics We talk a lot on this blog about how to create a successful strategic plan—after all, companies with clearly defined and documented plans grow 30% faster. But how do you know if your plan is successful? This can often be where strategy falls apart. As a recent [...]
Tired of Hearing How Strategic Plans Fail? Here’s How to Succeed You’ve likely heard the well-known statistic that 90% of strategic plans fail. It’s easy to believe the fault lies with a poorly designed plan or strategy, but even 67% of well-formulated strategies fail, due to poor execution. Our managing director Craig Catley recently wrote [...]
Three Strategic Challenges That May Be Holding Your Business Back Strategic Communication When we first engage with a business who needs help with their strategy, their top concern is that they don’t have a clear and concise strategy that everyone in the organization understands. Communication is essential for any business, but it is especially important [...]
Three Tips for Bringing AI Into Your Strategy Planning The release of ChatGPT in November 2022 unleashed a new era for artificial intelligence. Within just a few short months, investment in AI has exploded, alongside a crop of new startups, new use cases, new job positions and a host of other exciting, challenging and even [...]
Incorporating Gartner's 2023 Workplace Trends into Your Strategy The workplace has been upended in the last few years. With immediate impacts from COVID-19 finally beginning to recede into the background, experts are watching closely to see which trends take center stage over the coming year. All work environments - whether virtual or in-person, large or [...]
I know my company needs a strategic plan, but where do we start? One of our most read blog posts is nearly a decade old, but it continues to be a popular topic. Entitled Strategic Planning: Why Do We Need To Do It?, it outlines the value of having a strategic plan and why your [...]
How to Create a Balanced Scorecard Strategy Map The “Urgent Requirement” I am sure we can all relate to an urgent request for a report of some description. Given that the primary theme of this month’s newsletter is strategic agility, it was coincidental that a colleague asked me to create a balanced scorecard strategy map [...]
Strategies to Strengthen Your Business During an Economic Downturn It’s hard to avoid the headlines predicting hard economic times ahead. A recent survey from The Conference Board, touting the C-suite’s focus on a potential downturn, was widely covered, with one ominous headline telling us It's almost impossible to find a CEO who isn't bracing for [...]
