,000-Foot View

The Top 10 Strategy Challenges Facing Managers

  • 1. Time
  • 2. Commitment
  • 3. Lack of priorities
  • 4. Status quo
  • 5. Not understanding what strategy is
  • 6. Lack of training/tools for thinking strategically
  • 7. Lack of alignment
  • 8. Firefighting
  • 9. Lack of quality/timely data and information
  • 10. Unclear company direction

GOST Framework

Goal: What to achieve (general)

Objective: What to achieve (specific)

Strategy: How to achieve (general)

Tactics: How to achieve (specific)

Strategy is the intelligent allocation of limited resources through a unique system of activity to outperform the competition in serving customers.

The Three Disciplines of Basic Strategic Thinking

  • 1. Acumen, which helps you generate key business insights
  • 2. Allocation, which focuses resources through trade-offs
  • 3. Action, which requires executing strategy to achieve goals

The Three Disciplines of Advanced Strategic Thinking

  • 1. Coalesce: Fusing together insights to create an innovative business model
  • 2. Compete: Creating a system of strategy to achieve competitive advantage
  • 3. Champion: Leading others to think and act strategically to execute strategy
 
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