Effective strategic guidelines get three things right. They link to the corporate vision, identify critical vulnerabilities, and focus on what matters most.
This MIT Sloane Management Review article states:
Strategy is not about choice, it’s about choices. Few companies succeed based on a single big bet. They win through a series of trade-offs — about target customers, product, scope, and resources — that reinforce one another to create value. Attempting to describe every important choice in detail, however, leads to information overload. What do you need to know? When it comes to execution, complexity kills. Keep it simple.
Read the article to find out the three things you should focus on that matter concerning strategy and execution for your business… Read More