What’s a mission? What’s a vision? And how do they differ? This a common source of confusion for people starting out in strategy and more broadly amongst members of organisations. I vividly recall a workshop we were facilitating with an executive team where we’d gone…
Organisations often talk about and focus on strategy. And rightly so: having organisational clarity on strategy improves organisational health and performance [link to the six questions]. Strategy essentially involves determining: These three elements correspond to Simon Sinek’s why – how – what model that he…
Here’s what they get wrong: ❌ Taking months to finish the process❌ Distracting their already busy team with endless ‘planning days’❌ Drowning in analysis before even starting the plan❌ Spending a fortune on strategy consultants The truth: ✔️ You can create a solid strategic plan…
Here are some of my favourites: No shame if you use these. I do too. They can be handy shortcuts. Once I got past the vagueness, I found most of them useful. My top piece of business jargon? “Organisation Strategy” Here’s why: So, what is…
(And why you should still do it). Conventional wisdom suggests that goal-setting is fundamental to success at work. But there’s a growing trend against goal-setting. Some business leaders, like 37signals CEO Jason Fried, avoid setting goals altogether. I understand the sentiment. Goal-setting can be counterproductive,…
The 80/20 rule is one of the most useful mental models that I’ve picked up in my life. Also known as the Pareto principle, this rule captures the observation that roughly 80% of good outcomes come from just 20% of our efforts. You can use…
Updated: 1 October 2024 In 2004, English gambler Ashley Revell sold everything he owned and bet $135,300 on a single spin of a roulette wheel in Las Vegas. Despite the odds being slightly against him, the ball landed on red, and Revell doubled his money.…
Need a straightforward strategic plan for your team or organisation? All it takes is six simple questions… In @Patrick Lencioni’s book, The Advantage, he says that the best performing teams have extremely clear answers to six questions: We’ve developed a simple tool to capture and…
We’ve built a Strategic Planning Toolkit so any leader can create a plan for their team or organisation in a few weeks. A free sample is available to download now. Many managers want a plan. But they don’t know how to build one or where…
Dear Guide: My boss and I have different views on the best strategy to advance our objectives. I’m proposing a new approach that will add cost, but I believe it will deliver greater revenue. He sees it as a cash flow black hole. I believe…
What’s the difference between a team’s mission and vision? They’re fundamental strategy concepts. Yet, people often confuse them. Here’s a simple overview of their differences and how they fit together. A team or organisation’s mission is it’s purpose. It’s reason for existing. The mission is…
In fact, it turns out that organisations deliver better financial returns when they focus on purpose over profit. You don’t have to take my word for it: recent survey by PwC showed that 79% of business leaders believe that an organisation’s purpose is central to business…
I make this error all the time (most of us do). You’ll probably recognise this scenario: you’re faced with a choice in (even slightly) unfamiliar territory. And getting it wrong feels like it will have some cost or pain (perhaps only minor). What do we…
Update: Our Strategic Planning Toolkit has launched! Download a free preview here. Most leaders know they need a good strategic plan. But few know where to start. A Google search reveals lots of conflicting information on what a good strategic plan looks like. Most of…
What are the most important problems in your field? Why aren’t you working on them? If you don’t have any great answers to that second question, perhaps consider: maybe I should be?
Update: Our Strategic Planning Toolkit has launched! Our first Impact Society product will be a Strategic Planning Toolkit. It’ll give a step by step, four week approach – with templates and resources – to develop a straightforward strategic plan for any organisation or team. Whatever…
Complex adaptive systems can be particularly challenging when making important decisions. To help navigate these challenges, we have developed some guidance and a simple canvas that will help in understanding the complexity of the systems you work with, and to make better decisions within them.
As we’ve discussed in similar articles on both mission and vision statements, organisational values are an often used concept, but rarely well executed. Many organisations have developed a set of values, but very few have applied them in a way that truly and uniquely defines…
I hear and read about a lot of organisations and teams that wish to be ‘high performing’. This is a great goal, but identifying this ambition is the easy bit. The hard bit is working out how to translate the relatively abstract concept of high…