A business strategy can be defined as the combination of all the decisions taken and actions performed to accomplish goals, pursue purpose, maintain a competitive advantage and create value for stakeholders.
Ultimately it provides the roadmap which leads an organisation to its desired goals.
However in today’s rapidly-changing, complex and uncertain business environment, it is essential organisation take a different approach to developing and implementing strategy. The traditional 3 – 5 year strategic plan developed through a top down approach simply doesn’t work.
Our new environments require a more experimental approach, enabling strategies to ‘emerge’ from the across the organisation. While the board and senior executives set the broad framework, staff should be allowed to hypothesise experiment and adapt to the needs and opportunities they identify.
The board and executive need to quickly identify which ‘experiments’ are working, and grow them.
However changes to how strategy development is done, cannot happen in isolation but needs to be considered the context of the entire organisation.
How we can help our clients transform their strategy development processes:
We do this by a combination of the following:
In addition to Strategy transformation and improvement work, Graphite i2i also helps organisations develop, document and implement strategies.