Unlock the potential of your strategic plans with Strategy Realized. Our proven methodologies bridge the gap between vision and reality, guiding organizations to translate strategy into measurable, impactful results that drive success.
4. Measurements help you to stay closely
aligned with the strategy. In this, data and
business intelligence platforms may play a
crucial role. SWOT (Strengths,
Weaknesses, Opportunities, and Threats)
analysis is important for turning strategy
into results. In fact, any strategy operates
at three levels viz.
5. This company-wide, top-level
strategy is where strategy mapping,
visualization, and mission-
development occur. It answers
questions about the goals and
objectives of the business, budget,
and the company’s competitive
advantages.
This department-wise and
contextual strategy provides a
middle ground between
corporate and functional
execution. It focuses on the
internal environment, and
explores questions centered
around value, like customer
benefits, primary area of focus,
and value creation at the core.
6. This team-wide and tactical strategy addresses issues around the organization’s
value proposition, ideal customer profile (ICP), and how the establishment delivers
value for the ICP. The collective functional strategy funnels up to the corporate
strategy, forming a collaborative effort for turning strategy into results.
7. In his book on turning strategy into results, Group50 consulting firm’s CEO
Jim Gitney discusses their proprietary change management framework Business
Hierarchy of Needs ®, and how it can help businesses in turning strategy into
results. The first level of the Business Hierarchy of Needs requires the
identification of information required to fully understand the current state and
lays the foundation for building clearly defined strategies that achieve a defined
future state. While Mission, Vision and Values are the well-known components,
the Business Hierarchy of Needs ® adds three elements that are not routinely
discussed: Leadership Traits, MIG (Most Important Goal) and Value
Proposition.
8. The second level of the change management framework for
turning strategy into results includes setting up cascading
results throughout the organization to deal with operating
gaps and strategic gaps. It also defines the required
organization structure, skill maps, training requirements, and
performance management objectives. The third level of the
Business Hierarchy of Needs ® addresses questions around
the establishment of the appropriate steering committee,
defining project charters, skill development programs, and
placing the right communication plans.
9. Continuously improving business processes, products and services, and to meet
the needs of all of the company’s stakeholders including shareholders, the board
of directors, customers, employees, contract workers and suppliers is a critical
component of turning strategy into results. You can read more about how to
utilize Business Hierarchy of Needs ® change management framework in Jim
Gitney’s recently launched book: Strategy Realized – Business Hierarchy of Needs
® – Turning Strategy Into Results.