How Closely Daily Work Connects to Strategic Direction for Cox 1-1 Strategic Translation 1-2 Translating Strategy Strategy is about choices at different levels 1-3 The Big Ideas in an organization Understanding strategy requires having a shared set of answers to key questions Aligned choices are more powerful than disconnected choices Strategic translation connects corporate strategy to local action A leader’s role is to connect the dots, share information and ensure that actions are aligned with the strategy of the business What is Strategy? “Management, optimization and application of limited resources intended to accomplish a specific goal” – Sun Tzu “Strategy is the creation of a unique and valuable position — requiring you to make tradeoffs in competing (choosing what not to do)” – Michael Porter “Piercing clarity about what to do and relentless discipline to do it” – Jim Collins 1-4 Strategy is About Choices What business are we in? How do we deliver? How do we compete? 1-5 Understanding Strategy What is the company’s vision? What do we do? Who do we serve? Who are our customers? What markets do we serve? What do we offer? What products do we sell? What services do we provide? How do we win? What is our value proposition to customers? How do we compete? How do we differentiate ourselves from the competition? How do we make money? What drives our margin? What capabilities do we need to succeed? What does our organization need to do well? What skills, structure and organization, systems and processes, staffing and resources, style and culture do we need? What are our strategic objectives and priorities? 1-6 What is our mission, credo, purpose? What business(s) are we in? What are our priorities? Our specific goals (financial, operational, organizational)? Over what time frame? What will we measure? © Insight Experience, Inc. An Example to consider… What is the company’s vision? What do we do? “The Ritz Carlton is a place where the genuine care and comfort of our guests is our highest mission.” http://corporate.ritzcarlton.com/en/ About/GoldStandards.html How do we win? What capabilities do we need to succeed? What are our strategic objectives and priorities? 1-7 “The promise of the best price of any national chain and a clean, comfortable room are Motel 6 virtues. Motel 6 is a household name, synonymous with quality and value.” http://www.motel6.com/about/corpprofile.aspx What is the company’s vision? Cox Strategic Vision Strategic Vision To be the most trusted provider of communication and entertainment services in America. What do we do? Who do we serve? What do we offer? How do we win? How do we compete? How do we make money? What capabilities do we need to succeed? What are our strategic objectives and priorities? 1-8 Cox’s Purpose and Vision Purpose Vision Delivering life’s most important connections To be the most trusted provider of communication and entertainment services in America Customer Experience Reliable • Products & Services are available (they perform when I need them) • Meets commitments • Fixes things the first time • Competent people and processes Simple “Know Me” • Easy to do business with • Makes complex things intuitive • Straightforward communications • Listens and understands my needs • Useful tools & sales/service channels • Relevant services • Provide high value for the price Goals Position Cox for Long Term Success Win the War for Market Share Deliver Next Generation Platforms/Capabilities Meet Commitments Be a Leader Deliver Top Quartile Financial Performance People Trust Behaviors Listen First Acknowledge Reality Right Wrongs Keep Commitments Show Loyalty How does the Cox strategic vision impact how you lead? How others lead? 1-10 Strategic Translation What is the company’s vision? What is our team’s vision? How does our team contribute to this vision? What do we do? How does our team contribute? Who do we serve? Who are our customers? How do we connect with end customers? What do we offer? What services do we provide? How do we win? How does our team deliver value? What capabilities do we need to succeed? What capabilities does our team need? What are our strategic objectives and priorities? 1-11 What are our work priorities? What is the value proposition for our team’s work? How do we help make money? How do we help deliver margin? What does our team need to do well? What skills, structure/organization, systems/processes, staffing/resources, style/culture do we need? What are our priorities and our specific goals (financial, operational, organizational) over what time frame? Strategic Translation for Cox 1-12 What is the company’s vision? What is our team’s vision? What do we do? How does our team contribute? How do we win? How does our team deliver value? What capabilities do we need to succeed? What capabilities does our team need? What are our strategic objectives and priorities? What are our work priorities? What does it take to do strategic translation well as a leader? 1-13
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