Try out the PI Strategy Assessment Check out the interactive below to get an idea of how you can assess strategy at your organization. The most successful PI implementations start with C-Suite and Executive alignment. A few key factors to consider when gaining agreement: What key stakeholders are critical for early buy-in? Who is our…
Updating your business strategy doesn’t mean uprooting your operating model. But if your plan involves reductions in force or role changes, it does mean consolidating and altering existing teams. In doing that, you create new managers and working relationships. When assessing the need to tweak your structure you should think about which areas of the…
Adapting your business strategy is important, but execution is what determines success or failure. That begins with assessing senior team/strategy fit. Which executives are behaviorally suited to the task at hand? Who may struggle to perform while trying to execute the revised strategic priorities? You may be tempted to assess the team based on gut…
Once a crisis hits, your task force must stay ahead of it. That means reforecasting revenue and reexamining costs. It also means reprioritizing the work to be done and reimagining how your teams will do this work. As you weigh the possible paths forward, revisit your existing business strategy. Start by identifying which strategic goals…
Few companies see a financial crisis coming. Even if they do, chances are they won’t be able to avoid the impact in its entirety. In either case, you can’t lament the lack of foresight. Instead, take immediate action to ensure you’re ahead of future hardships. That means developing contingency plans and a robust governance to…
Perhaps your communication is fine but an employee still feels complacent at work. If you receive low survey scores for a statement like “I am excited to come in to work everyday” or “I believe my work makes an impact for the organization”, then your next action is to start aligning goals to the main…