Four tips to make your strategy more actionable
70% to 90% of strategies fail due to poor execution. A good annual strategy does not need to be smarter than last year’s strategy: it needs to be more actionable.
70% to 90% of strategies fail due to poor execution. A good annual strategy does not need to be smarter than last year’s strategy: it needs to be more actionable.
“So far I have been a great CEO, but I am not sure that I am the best person to take my company to the next level,” confided this CEO of a fast-growing company. It looked like his recipe for success didn’t work anymore. He felt stuck, overwhelmed, and doubted his ability to improve the situation.
Sounds familiar?
Every business has at least one strategic asset – one existing strength – that can form the foundation for future growth.” Your job is to identify and develop it.
Easier said than done. How do you do that?
Questions are often more powerful than statements, because they teach people to think. However many CEOs make the same mistake: When someone asks for help or struggles, they simply give them the answer. What can you do about it?
Questions are often more powerful than statements, because they teach people to think. However many CEOs make the same mistake: When someone asks for help or struggles, they simply give them the answer. What can you do about it?
“I have smart people but I underutilize their potential,” the CEO confessed. “I feel like I am the #1 bottleneck in my organization.”
My client was right: she was a genius with a thousand helpers, and she needed to become a genius maker in order to accelerate her business growth. Some leaders are great at amplifying the intelligence of others. What do they do differently?
Many CEOs and business leaders do other people’s jobs. Because they want to help, because they don’t trust their teams to do it exactly when/how they want it done, because it is faster, or for whatever other reason. This has a number of negative consequences. What can you do about it?
“My company has lots of potential, but I just feel my employees are not engaged. If I don’t push, nothing seems to happen. I’m working night and day and we’re still missing 40% of our targets. I once dreamed of being a firefighter, I guess that dream has come true. All I do is put out fires, I have no time to focus on my business.”
Sound familiar?
Many of us hate meetings. Yet the right meetings lead to faster and better decision-making, increase accountability throughout the organization, and improve communication. In short: efficient meetings get your strategic priorities accomplished. How do you go from boring meetings to impactful meetings?
There is no manual for becoming or taking over as a CEO. Not surprisingly 33% to 50% of newly hired and promoted CEOs fail within their first 18 months. At the same time a successful CEO succession is critical to create lasting value. How can you select the right person and organize a good transition to maximize the chances of success?