Strategic Discipline Blog

“Have you seen this guy?” my brother asked.

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Topics: BHAG, Innovation Process, Innovation, The Obstacle Is the Way

will know our first guest speaker at the  Denver Scale Up Summit last week, if you’re a fan of Shark.

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Topics: BHAG, ScaleUp Summit Learning, Shark Tank, ScaleUp Summit Denver, Scale Up Coaching

Creating your BHAG (Big Hairy Audacious Goal) as Jim Collins describes and shares, is an iterative process.  It rarely is achieved in a few meetings, or without completing several very important milestones for your business.  Included in these are these three elements of your Hedgehog Concept: Core Purpose, Profit Per X and Brand Promise.

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Topics: Core Purpose, The Inside Advantage, WHO WHAT HOW The Inside Advantage, Profit per X, Hedgehog Concept, Brand Promise, BHAG

My plan for this blog originally was the irony of freedom.  The past three days working with an enthusiastic and dedicated group of leaders from a new customer who started with me in February for a private two day Rockefeller Habits Workshop.  They’d previously attended the Four Decision Workshop in November. 

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Topics: quarterly meetings, Core Purpose, Profit per X, Hedgehog Concept, BHAG, Core Competencies, quarterly plan, Quarterly Victories

How can your company go from Good to Great?  We’ve been exploring this through 12 questions Jim Collins offered his Australian business owners and Growth Summit attendees at Melbourne this February.

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Topics: Good to Great, Jim Collins, BHAG, 12 Questions, Stop Doing List

Strategy challenges are indicated by a slowing in top line revenue growth. If revenue is not growing as quickly as you like, then it’s time to re-examine your strategy: What you’re selling to whom? It’s important to have a concise statement of that strategy so everyone’s aligned and on the same page without wasting sales or operational energies on activities not useful to the business. 

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Topics: Business Growth, Four Decisions, strategy, BHAG, 3-5 year plan, Innovation Window

One of my clients just lost a valued employee from their leadership team.  One of the reasons she decided to leave was the pressure she felt from her boss to perform in sales.  She had recently accepted a promotion to sales from her marketing position. This year she’d been working on a very large prospect that would very likely have topped the company’s previous best ever customer.  She gotten them a commitment just not the full commitment that the company sales procedure outlines.  It created conflict and anxiety as she worked to close them to a long term engagement. 

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Topics: Core Values, Core Purpose, Employee Evaluations, A Players, Business Culture, BHAG, Peformance Matix

The final piece to the Seven Strata of Strategy is actually two pieces.  Remember the Seven Strata of Strategy are from Mastering the Rockefeller Habits author, Verne Harnish.  His Fortune Magazine article revealed from careful research following the last recession these specific strategies were key differentiators to increase revenue faster than competitors who didn’t have these key elements identified.  Companies that had these seven strategies identified outpaced their competition even during the last recession.

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Topics: strategy, Profit per X, Seven Strata of Strategy, BHAG

In The Hedgehog Concept we discussed the intersection of three circles that provide your One Thing Focus for the strategy of your business.  Where do you find or discover the elements that comprise the three circles?   If you’ve completed portions of your One Page Strategic Plan you’ll have made progress toward understanding what these are. 

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Topics: Core Purpose, Grow: How Ideals Power Growth and Profit at the Wo, Patrick Lencioni, Profit per X, Hedgehog Concept, Organizational Health, Brand Promise, BHAG, Brand Ideal

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Topics: employee engagement, Core Values, People, Core Purpose, Four Decisions, BHAG