You can improve your strategy by shifting from an analogue approach to a digital approach. Here I share my insights in leadership and strategy in this disruptive world we live in.
In a recent article I discussed how all significant initiatives in your business begin with a well thought-out, clear strategy — whether it’s change management, implementation of an Agile process, or the development of an innovation program.
However, there seems to be a lack of confidence in the ability of strategy to deliver results when speed and agility is required.
One of the problems we see, is the way organisations practice strategy — that is separating the formulation from the execution of strategy. This separation is what we term an analogue approach. Instead, we are advocating that a digital approach be adopted.
The analogue approach can be likened to traditional photography, with the use of a dark room to develop your picture. In this situation, we take time to take the perfect picture, and then wait for the photo to be developed. The final picture however cannot be changed once the process is completed.
The digital approach, on the other hand, is where we take the picture, review it immediately, and then keep on clicking until we get a picture that we are satisfied with.
It is the digital approach that we see as being critical for organisations to adopt.
A digital approach addresses three of the common failings of the traditional analogue strategy. A digital approach will:
My colleague Lisa Carlin and I have identified 4 processes to achieving a digital approach to a clear strategy:
You may be interested to watch my latest video below...
Dr Norman Chorn is a highly experienced business strategist helping leaders build highly successful and resilient organisations. Well known to many as the ‘business doctor’! By integrating the principles of neuroscience with strategy and economics Norman achieves innovative approaches to achieve peak performance within organisations.
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