Executive Digest From the Executive Coaching Centre The Zen of Strategy - See 2, Map 4, Figure 8 Strategy can be defined as The Art of War – it is a creative art, not a science and it is about the long-term war not the short-term battle. A more usual definition is the underlying logic that drives the organisation forward. A challenge for most organisations in strategy development is not What will we do? but What will we not do? Success can take a thousand different paths, yet trying to follow too many paths will dilute your focus and effect, usually leading to failure. Once organisations have decided on a small number of possible strategy steps, the challenge is often Should we do ‘A’ or ‘B’? - when both are attractive yet both have drawbacks. The Zen of strategy formula is See 2, Map 4, Figure 8. Step 1: describe the two options (See 2). This might be ‘A’ focus our business development on the western part of the city versus ‘B’ which is focus on the south. Step 2: describe the value of ‘A’ and your concern about ‘A’, the value of ‘B’ and your concern about ‘B’ (Map 4) – for example - the west part of the city is of value because we have lots of contacts there, however the market is small – the south is a large market but we have few contacts there. Step 3: explore all four options and think about how you can maximise the value and minimize the concern (Figure 8)– perhaps we start in the west and build a profitable small business, then we use these profits to invest in the slower development of the larger business in the south. This step is called Figure 8 because the steps, as illustrated by the arrows in the diagram below, form a figure 8 on its side. Many senior leadership teams I have coached have found this a very useful approach to strategy development. For other fascinating ideas see The Zen Leader by Ginny Whitelaw, Career Press, 2012. Iain McCormick www.executivecoachingcentre.com
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