Strategy Archives - Price Associates

4 Steps to Take Before Refreshing or Abandoning Your Strategy

A new CEO might be tempted to start from scratch and scrap a company’s strategy when they first come on board. But even if the strategy seems outdated at first glance, this does not mean you should abandon it completely.

There is always opportunity to improve a strategy when deciding whether to start fresh or use the current strategy—and this can happen during regular strategy review, not simply when leadership changes hands. Before you make this critical decision, take the four steps below to determine which is the best option for your company.Read More

151: Optimizing Strategy Stage 5: Strategic Planning For Execution

“One of the reasons why we wrote this book was because many of the strategy books were not focusing on results. One of the most important things is to plan for results.”

Dr. Evans Baiya and Professor Timothy Waema detail the next stage of their book, “Optimizing Strategy for Results,” co-authored with Ron Price. In their conversation with host Dale Dixon, they build on the decisions made in Stage 4 to move on to Stage 5: Strategic Planning for Execution. This stage involves executing those decisions, monitoring for results, and creating clear metrics. The authors also discuss how to avoid a breakdown between the stages by using the canvases and tools from the book as your guide.

Learn more about the 7 Stages of Strategy at optimizingstrategyforresults.com and purchase your copy of the book here.

Photo by Mikael Blomkvist via Pexels.

TheCompleteLeader Podcast · 151: Optimizing Strategy Stage 5: Strategic Planning For Execution

150. Optimizing Strategy Stage 4: Making Strategic Decisions

Two of the authors of “Optimizing Strategy for Results: A Structured Approach to Make Your Business Come Alive” continue their conversation on the 7 Stages of Strategy with host Dale Dixon. Dr. Evans Baiya and Professor Timothy Waema discuss key outcomes of Stage 4: Making Strategic Decisions, specific tools your organization can use for evaluation and prioritization, and the importance of keeping a strategic—rather than a tactical—mindset in this stage. As mentioned in the beginning of this series, people are at the center of success in this stage and they emphasize the importance of communication and commitment from stakeholders at all levels.

Learn more about the 7 Stages of Strategy at optimizingstrategyforresults.com and purchase your copy of the book here.

TheCompleteLeader Podcast · 150. Optimizing Strategy Stage 4: Making Strategic Decisions

Our Approach to Strategy

The approach in Optimizing Strategy for Results is unique in several ways. The book provides a simple, systematic, and structured approach to strategy. This approach is divided into three parts — preparing, creating, and optimizing strategy — and has seven stages. But this model is also dynamic at its core. Meaning that one can move back and forth between stages depending on the situation. Communication among stakeholders is emphasized throughout the process. The dynamism is critical in turbulent environments that are characterized by vulnerability, uncertainty, complexity, or ambiguity (VUCA).

Optimizing Strategy in a VUCA World

Host Dale Dixon interviews two of the three authors of the book, Optimizing Strategy for Results, Ron Price and Timothy Mwololo Waema, PhD. In a world that’s changing so fast, does strategy still have a role? After examining the seven stages of strategy, there are parts of strategy that are designed to be stable in the storm and there are other parts that are designed to be agile. The authors discuss this idea through the lens of VUCA (volatile, uncertain, complex and ambiguous) and how it provides stability in the midst of change.

Click here to order your copy of Optimizing Strategy for Results!

141. Optimizing Strategy in a VUCA World

Host Dale Dixon interviews two of the three authors of the book, Optimizing Strategy for Results, Ron Price and Timothy Mwololo Waema, PhD. In a world that’s changing so fast, does strategy still have a role? After examining the seven stages of strategy, there are parts of strategy that are designed to be stable in the storm and there are other parts that are designed to be agile. The authors discuss this idea through the lens of VUCA (volatile, uncertain, complex and ambiguous) and how it provides stability in the midst of change.

Click here to order your copy of Optimizing Strategy for Results!

TheCompleteLeader Podcast · 141. Optimizing Strategy in a VUCA World

6 Steps to a Strategy that Works

By Lori McNeill

I recently worked with a client regarding their strategy for the upcoming year. I started by asking them to share their current year’s strategy, goals and outcomes. We reviewed the data and although there had been progress, they had faced challenges along the way and struggled to accomplish all that they originally set out to do. After a bit of probing, we were able to identify what went wrong in the process, and discovered a number of mistakes that could have been avoided. The CEO and executive team members said that if they would have utilized the six-step framework outlined below, they would have progressed even further and could have avoided some of those mistakes that cost them time, money and wasted resources.

The ability to develop a winning strategy is a critical success factor for all organizations. First, let’s define what a “winning” strategy is and is not. Strategy does not equal goals. It is very important to make that distinction. Goals are what a leader wants to achieve and strategy is how the leader plans to accomplish those goals.

OUR THINKING