Turning strategy into results
Strategy, at its heart, is about choice. Instead of trying to summarize their strategy in a pithy statement, managers should translate it into a handful of actions the company must take to execute that strategy over the medium term.
How can leaders translate the complexity of strategy into guidelines that are simple and flexible enough to execute? Rather than trying to boil the strategy down to a pithy statement, it’s better to develop a small set of priorities that everyone gets behind to produce results.
The seven characteristics of effective strategic prioritie are:
To read the full article from MIT Sloan, please click here