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Topics: Business Growth, strategy, Seven Strata of Strategy, X Factor
We’re reviewing the Seven Strata of Strategy. These are the specific strategic elements that Verne Harnish discovered mid-size businesses that had continued to grow and increase revenue during the last recession had in common to differentiate themselves and best their competition.
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Topics: Business Growth, The Inside Advantage, strategy, Seven Strata of Strategy, Verne Harnish
In Cascade Your Annual Strategy & Planning we noted statistics from a recent leadership survey reported 92% of CEO’s feel their leadership team can communicate their strategy. The same survey revealed that only 2% of their leadership team actually could!
Simplifying your strategy into 35 words or less as we recommend in developing Your Strategy Statement is the first step to accomplishing this intention of a One Phrase Strategy.
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Topics: Business Growth, strategy, The Advantage, Southwest Airlines, Strategy Statement
Let’s continue to explore the Seven Strata of Strategy, Mastering the Rockefeller Habits author, Verne Harnish key strategy elements, discovered from mid-sized business owners after the last recession which moved the needle to increase revenue. For a copy of Verne Harnish’s Fortune article on The Seven Strata of Strategy and the worksheet to identify yours send me an email with Seven Strata of Strategy in the title.
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Topics: customer service, strategy, Seven Strata of Strategy, Brand Promise
In Four Decisions – Strategy we discussed the Seven Strata of Strategy. Verne Harnish discovered these key strategy elements were what mid-sized business owners had concentrated on after the last recession to yield excellent results in moving the needle on increased revenue. Starting with this blog we’ll explore these seven strata, taking a look at what they are and why they have had such an impact on the company’s that identify them, and why they can also impact your revenue growth in 2014 and beyond if you choose to identify and develop them as well.
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Topics: Business Growth, The Inside Advantage, strategy, Seven Strata of Strategy, Words You Own
What’s the number one function of a leader? It’s the ability to predict.
“The fundamental journey of a growing business is to create a predictable engine for generating wealth as it creates products and services that satisfy customer needs and creates an environment that attracts tip talent.” Verne Harnish, Mastering the Rockefeller Habits
Unless a company has the ability to determine where it is today and project where its’ going to be this week, this month, this quarter, and this year, it’s not on a trajectory for growth. It might not even be on track for survival. A favorite quote of mine is, "When you’re green you grow, when you’re rip you rot!"
Ultimately the reason for imposing structure and instituting systems is to achieve predictability.
This is why Strategic Discipline is such a critical piece to success.
Determine your priorities. Create and monitor metrics. Develop Meeting Rhythms to build a Cadence of Accountability.
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Topics: Strategic Discipline, planning, Annual Plan, leadership, strategy, Leadership Team
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Topics: Good to Great, Jim Collins, strategy, Hedgehog Concept
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Topics: Good to Great, strategy, Profit per X, Hedgehog Concept, Seven Strata of Strategy
Organizational direction in your company can come in several forms. I’m going to divide them into the emotional and objective since they serve two different but critical purposes. On the emotional side we look at what might be labeled as “Strategic Statement of Values.” On the opposite side, the objective is the Strategic Objective Statement which produces the Strategy Statement we’ve discussed in previous blogs.
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Topics: employee engagement, strategy, Business Culture, Q12, Employee Survey
Nature generates variations through a massive and ceaseless set of experiments. Mutations test a wide range of survival strategies.
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Topics: strategy, Strategic Learning, Strategic Planning
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