Three Strategic Challenges That May Be Holding Your Business Back

Strategic Communication

When we first engage with a business who needs help with their strategy, their top concern is that they don’t have a clear and concise strategy that everyone in the organization understands. Communication is essential for any business, but it is especially important for relaying strategic messaging throughout the organization. When strategic messaging is not communicated effectively, it can lead to confusion, misunderstandings, and missed opportunities.

To relay strategic messaging faster and with greater clarity, and get everyone on the same page, we believe the best way is to leverage the power of visual communication. The value of visual communication: 

  • It’s clear, there is less room for misinterpretation
  • Improves recall, meaning people can discuss strategy with greater consistency
  • Can reduce duplication of effort and dysfunctional behavior

Reporting

Real-time strategic reporting is the process of collecting, analyzing, and reporting data in real time. This allows businesses to make decisions based on the most up-to-date information, which can help them to improve their performance and achieve their goals. Collating the delivery progress of a group of people, and measuring the success of those efforts can be a very complex task. In a fast paced market real-time visibility is critical. The value of real-time reporting:

  • Fast and simple data (qualitative and quantitative) collection 
  • Reports and dashboards are always up to date, ready for that next meeting
  • Helps businesses to comply with regulations, by tracking activities in real time and identifies any potential violations
  • Helps businesses to spot and address operational inefficiencies when they happen. Boosting cost savings and improved productivity

Speed

The business landscape is constantly changing, and businesses need to be able to adapt to these changes in order to stay ahead of the competition. However, many businesses are slow to adapt, which can put them at a disadvantage. Agility is not just a nice-to-have, but a necessity for any organization looking to thrive. The value of improved agility:

  • Adaptable to changing conditions dynamically (top-down planning)
  • Encourages innovative thinning (bottom-up ideation)
  • Maintains constant organizational alignment

How does StrategyBlocks manage these challenges?

StrategyBlocks works by integrating 6 key dimensions of strategy, the soft intangible systems and the hard tangible systems:

Communicate maintaining a common strategic language drives clarity and efficiency

Design enabling dynamic top-down planning (macro to micro)

Innovate fostering ideation to create bottom-up contribution of ideas

Deliver alignment if work management (organizational output) to vision

Monitor linking the measures of success (outcomes) to the plan

Assess consideration of internal and external risk on the plan

Strategizing effectively ensures that everyone in your organization is on the same page and drives your success forward. Start a free 30 day trial to see how clarity and execution go hand in hand with StrategyBlocks 6, or if you wish to learn more, please book a time to talk to us. We would enjoy the opportunity to discuss your strategic plan.