The strategy is a list of initiatives, not a set of choices.
- What it looks like in the company
- The plan contains a dozen or more projects, every area has its own priority and almost every initiative is labelled “strategic”. Yet nobody can say what the company will deliberately not do.
- Why it stalls growth
- Strategy only creates an advantage when it directs limited resources to a few chosen places. Without choices you get activity, but not direction.
- The business cost
- Scattered budgets, slower implementation, conflicts over resources and projects that end before they reach scale.
- A question for the board
- What are we consciously giving up so that our three most important decisions get the people, budget and time they need?
- First move
- Set one overriding growth goal, a maximum of three priorities per quarter and a list of initiatives that are stopped or postponed.
