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Category: Strategy

Do you have a clear business strategy? We examine the strategy and tactics practised by some of the world’s most successful companies, and share the policies for strategic success. Leadership Review members automatically receive our annual Strategy Blueprint

Why digital transformation means changing your company’s culture

ann-rothenstein

The best strategy in the world will be doomed to failure unless you create the right environment for success.

“Culture eats strategy for breakfast,” says strategist and consultant Thomas Brown, writing for Raconteur. Companies looking to succeed in a constantly evolving digital world will need to reorient their organisation in a way that supports their initiative.

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Is your performance strategy based on assumptions?

Pylons

It seems obvious: happier employees give better service, which increases customer loyalty and leads, in turn, to stronger financial performance.

But blind acceptance of these assumptions can lead you to the wrong strategy.

Your company has its own unique performance drivers and pathways. Understanding the relationships that matter to your firm leads to smarter improvement strategies.

 

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Make better choices by expanding your decision frame

stop jumping to solutions

Faced with a complex and important decision, executives spend too little time exploring and extending the options.

Leaders quickly settle on just a couple of alternatives and take only a few criteria into account.

While this approach might work for straightforward problems, you need to expand your decision frame for complex and strategically significant decisions. Here’s how.

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Investing in credibility for greater success

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Even the most logical proposals for change can be met with suspicion unless executives deliver them with integrity.

But how do you consistently get your message across to your teams in a positive and believable way?

By taking three key steps, leaders can allow their sincerity to shine and have a greater chance of success. Here’s what a “credibility first” transformation model looks like.

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Send your firm into hypergrowth

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Want to replicate the exponential growth rates of firms like Uber and Buzzfeed? You can.

It took Uber just three years from its establishment in 2009 to achieve a valuation of $18.2bn. Within a decade Buzzfeed grew its monthly usership to 200 million with six billion content views.

Follow these six guidelines to send your firm into hypergrowth.

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Create your firm’s future today

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What you do today determines your company’s future. The most successful firms learn to detect, analyse and capitalise on the earliest signs of emerging trends.

Writing for Harvard Business Review, Vijay Govindarajan describes how firms can master "planned opportunism" – a systematic process of detecting and interpreting the first signs of future developments in everything from customer behaviour to technology – and use these insights to reimagine your company’s future.

 

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