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Facilitating the Business Model Canvas: A Few Lessons Learned (Part 1)
I’ve had the privilege of introducing the Business Model Canvas to several audiences in the past year. As you might be aware, the Business Model Canvas shows 9 interlocking and integrated elements, the...
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The Real Reason Strategy Implementation is Difficult (and the Solution to It)
The reasons for poor strategy execution (use your favorite search engine) is a list of “usual suspects:” poor communication, poor executive sponsorship, etc. What is the deeper cause of those...
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Achieve, Preserve, Avoid: Another Nifty Technique for Gaining Strategic...
Strategy is inherently ambiguous, with goals and expectations differing depending upon the stakeholder. Because people tend to feel uncomfortable with ambiguity, a leader needs to clear the fog; a...
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That’s the Fact, Jack: Data Drive Strategic Initiatives
A strategic initiative is more likely to be successful if there is an accessible record of facts, data, and patterns. This gives the leader the inputs for creating a valid, useful narrative that will...
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Use the Prospective Hindsight Technique to Improve Your Vision Statements and...
Have the team imagine the “disaster scenario.” I have used the prospective hindsight technique many times with strategic initiative teams. The word prospective means to imagine a scenario and the word...
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How to Develop Completion Criteria and Success Metrics
This article describes two tools that assure that projects are defined with crisp boundaries and good metrics. The Case of the Growth Playbook Strategic Initiative A global company launched a strategic...
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How to Identify Strategic Assumptions
Strategy execution depends upon the ability to identify specific actions, resource them, and tie action and results to milestones. In other words, the strategic initiative team needs to create and...
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The Strategic Initiative Leader: The #1 Success Factor!
A CEO, determined to succeed with a strategic initiative, asked me to identify the #1 success factor. I thought for a moment and told him, The #1 most-important action is recruiting a capable person to...
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Path Finding and Way Finding
Strategic initiatives have to find a path through the organizational terrain. It is common to hear people say in the early definition stage, “Wow, this strategic initiative is complex. Where do we...
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Case Study: Strategic Initiative Kickoff in a Global Joint Venture
One challenge for strategic initiatives is getting people out of their comfort zone so that they work strategically. In this story about the kickoff of a major project platform at a joint venture, I...
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