The marketplace is moving at a staggering rate, digital disruption is everywhere. Your business model is under duress regardless of your industry. Business models used to fail every ten to twenty years now it’s every three to four years; sometimes less. Recently Spotify disrupted iTunes, the iconic disruptor of the music industry. “No innovation no business!”
To move fast enough organisations and their leadership have to be inherently agile, encouraging innovation to be in their DNA. Only in agility and innovation is there the likelihood of sustainability. If you don’t innovate, you die. Look at Nokia, absolute global dominance gone in less than a decade. They ignored the smartphone revolution and became irrelevant very quickly. Their response was to defend the status quo. This is a very natural reaction. Defend what you know, but now we have to embrace what will kill us.
The scale and...
Is it hard to implement strategies and get alignment in your organisation? Are your team not engaged in your strategic direction and lack passion? Perhaps they lack ownership; and there may be a reason for that. “People own what they help to create.”
How inclusive are you when you plan, create ideas and establish direction? I have found that almost universally in our Stragile planning sessions, we have high involvement and engagement, and subsequently implementation is a breeze in comparison to traditional strategic planning. Check out Stragile.co if you want to know more.
Suffice it to say that if you put a large group in the planning room, you unlock the latent potential of your people and leverage their collective experience and diversity.
The turnarounds at Gloria Jean’s Coffees and at the Charles Parsons Group were done by people already in the organisation, when it wasn’t going well. The ideas were already in the building as were the resources. Good...