Strategy and execution are one thing

 

Some leaders conveniently justify their failures by saying their strategy was right, but they didn't have the right team who could execute it. The idea that strategy and execution are two separate elements in a company is a tragedy. It is effectively the leaders treating their staff as an unthinking and obedient machine executing instructions. As a result, management doesn't bother to explain strategy or expect staff to be competent enough to discuss it, and staff has no motivation to understand strategy and no ownership. Of course the strategy breaks down. Every employee should understand and live the strategy. It is the leader's job to make sure this happens.

How to build effective working relationships in a virtual workplace.

Do you apply all of these methods?

https://www.simplifypeople.com/articles/how-to-build-effective-working-relationships-in-a-virtual-workplace

Don't strategise based on data. Strategise based on imagination.

 

This seems counter intuitive. Why would we not make decisions based on data? On facts? The problem is we only have detailed and measurable data on what we are already doing and what everyone already knows. If we need every strategy to be backed by existing data, we will not be able to innovate. When we strategise, think what needs to be true for this to work. Then think how do we create these conditions, or how we can verify these assumptions. If you want to create new value, don't search only in old data.

What does business have to do with dragons?

 

Business is like fighting dragons. You win, or you die. Business is merciless. Not necessarily evil, but if you don't have what it takes, it doesn't play nice just because you underestimate it.

Do you take on a dragon alone? Or do you form a party? Do you have a vanguard? Do you have a tank? A healer? Range support? I have a party of 110 business partners. We take on huge dragons. If you want to do dragon hunting together, let me know. We have a Business Open Day on 6 August 2024, and we are looking for serious business partners.