The strategy focuses on generating effective strategy ideas, beginning with identifying the core problem. This involves a detailed analysis of the current situation, collecting feedback from key stakeholders, and reviewing relevant data. For instance, analyzing sales data and consulting with sales teams can reveal root causes of declining revenue, which helps in setting the scope of the problem and prioritizing critical issues.
Next, defining success criteria is essential. This means setting clear, measurable goals and using KPIs to track progress. By establishing a timeline and aligning these goals with the organisational objectives, strategies become more actionable. For example, a marketing team might set a goal to increase brand awareness by 20% in six months, using social media engagement metrics as performance indicators.
Furthermore, developing multiple scenarios allows for flexibility and preparedness. Identifying and evaluating various future scenarios and their potential impact ensures the organization is not caught off-guard by unexpected changes. Crafting contingency plans and consulting with experts enhance preparedness. Real-life examples include technology companies planning for different product-launch scenarios and aligning resources to ensure readiness.
The strategies
⛳️ Strategy 1: Identify the problem
- Conduct a thorough analysis of the current situation
- Identify the root causes of the problem
- Gather input from key stakeholders
- Review any relevant data or documentation
- Define the scope of the problem
- Prioritise the most pressing issues
- Convene a brainstorming session
- Evaluate the impact of the problem
- Research industry best practices
- Draft a problem statement
⛳️ Strategy 2: Define success criteria
- Establish clear and measurable goals
- Identify key performance indicators
- Consult with stakeholders to define expectations
- Review existing benchmarks or standards
- Determine a timeline for achieving success
- Assess the resources available
- Align success criteria with organisational objectives
- Draft a success criteria document
- Obtain commitment from key stakeholders
- Review and revise the criteria as necessary
⛳️ Strategy 3: Develop multiple scenarios
- Identify potential future scenarios
- Evaluate the likelihood of each scenario
- Assess the potential impact on the organisation
- Draft action plans for each scenario
- Consult with experts to validate scenarios
- Determine the resources needed for each scenario
- Identify key decision points
- Develop contingency plans
- Review scenarios with stakeholders
- Revise scenarios based on feedback
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
