What makes strategy — and more specifically, strategic planning — so difficult is answering the how. Here are two tools to help a company develop its strategy.
COVID-19 has disrupted every business around the world. In times like these, here are 3 guiding principles to navigate through the crisis.
The #1 reason why people change jobs is due to symptoms: I hate my boss; I hate my commute; I don’t get paid enough. Success isn’t driven by symptoms, it’s driven by purposeful goals. What do you need to accomplish this year?
Time is the great equalizer, and the companies who are more focused and productive tend to win more often. Successful teams maximize their time by being very deliberate on two things: 1 Big Goal to focus the organization; 3 priorities / team, every 90 days.
Good goals stretch you to change. Use this simple formula to make your goals far more tangible and achievable, “From X to Why by When.” Here’s how to use the formula in your company.
How to use lead measures to grow your business. A lead measure tells you if you will achieve the goal. A lag measure shows you did it.
Creating a good strategy doesn’t have to be complicated. Your strategy starts with one deceptively simple question, “What do you want?”
Be wary of any business plan that sounds like: 25 in 5 ($25 million in 5 years); or 30 by 30 ($30 million 2030). These big goals may sound appealing, but they are rarely achievable.
Grow your business through the revenue plateaus. Nothing fires up creativity like a complex problem or challenge that you want to solve. What does it take to grow through the next plateau?
There is a tension between purpose and growth. Volkswagen lost sight of its purpose in its pursuit of growth, and its brand is in a crisis.
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