See the first Best Practice free or
Purchase All Best Practices on this topic for $100.00.
Be proactive in understanding your company’s competitive position and sources of advantage and how these might shift over time.
Best Practice #1
Understand the market by speaking with customers and non-customers; understand competitive offerings and be aware of how the market is changing.
Best Practice #2
Revisit your strategy periodically, particularly when there are regulatory changes, new competitors entering the market or technological changes.
Best Practice #3
Transform your strategy into actions, activities, and a clear set of priorities; make it executable by including performance indicators, individual objectives, goals, metrics and other definable targets.
Best Practice #4
The strategy should be clearly visible and actionable in all of the supporting roles; be it IT, HR, finance or legal, everyone in the organization should have a meaningful link to the strategy.
Best Practice #5
As firms grow, a focus on strategic priorities is critical, especially for those farther from the market and customers – this is where resources get wasted and decision-making stalls.
Best Practice #6
Not everyone in the organization needs to be a strategy genius, but as the organization grows, build the strategic capabilities of a broader set of key employees.
Best Practice #7
Access all 7 of Susan’s
Best practices today.
Susan draws from years of experience to offer
you exclusive insights and tools.