Strategic Leadership-How Strategic Are You?
Three Key Components To Transform Strategy Into Results
When we talk about being strategic we focus more on thinking and planning, than on leading and achieving. The reality is that “being strategic” requires both; it’s the full transformation from dream to result. It’s not that we forget to transform our vision, but often our approach to leading that change is not effective enough to generate our desired results. Here is a model for strategic transformation-how to make your vision real.
Thinking & Planning
Before you can transform an organization, you must first define its current state and then plan for its future position. This is the Thinking & Planning stage of being strategic. It allows you to assess what is currently feasible, as well as visualize the gaps that must be filled through investment and change:
- Define & quantify the market today, as well as future trends.
- Assess your current financial & cultural situation.
- Understand your customer’s perception of your business vs. their needs & expectations.
- Determine how you want to change all of that over a period of time, 12-24 months, or three to five years.
- Develop the company’s vision, or the vision for what that future looks like within your own department-what will you impact.
- Establish objectives, measurable by key performance indicators and timing milestones
How are you doing so far? Do you have this stage of the strategic process as part of your routine? Most of us do, and most of us are part of a team that works together to master the thinking & planning stage. But what about transforming the strategy into results? Are you strategic enough to make that happen?
Leading & Achieving
Your thought process alone will not generate results. Certain actions are required to create a new strategic reality. So when you think about quantifying how strategic you actually are, it is important to think beyond the theoretical question of where you want to go, and think instead about what you will do to ensure the strategy transforms. This is the Leading & Achieving stage of being strategic. It is a process of “Strategic Transformation” allowing you to consciously change the organization into something you want it to be.
There are three key components necessary to transition strategy into results. Once you understand them, you can perform, not only think, but perform in a way that makes strategy real. Your ability to do so defines how strategic you actually are, and sets you, your team and your business apart from the rest.
Three Key Components To Transform Strategy Into Results
1) The Objectives Of Your Organization
2) Your Actions
3) Your Team’s Actions
1: The Objectives Of Your Organization
Let’s start by looking at organizational objectives in three phases: Defining, Driving and Achieving Objectives. Many leaders spend the bulk of their time Defining objectives and then focus their efforts on achieving them, leaving the driver seat to others, or neglecting it all together.
When it comes to strategy transformation, Driving Objectives is just as important as defining and achieving them. It is not an operational task, nor should it be considered maintenance, it is driving change and that requires the strategy owner to lead the process in order to make it successful. So how can you ensure you are driving your strategy toward achieving its objectives?
You can start by channeling Your Actions toward inspiring & supporting the Actions of Your Team;they are the ones that make your strategy real. Strategic leaders communicate objectives and drive people. Getting your team to focus on results is your primary role in the transformation process. This is depicted in the diagram below.
2: Your Actions
When you look at your actions, how do you spend your time each day? Are you driving results, or are you driving your team to achieve something new? They are two very different concepts.
When you drive results, you tend to focus more of your energy on achieving them through your own abilities, your own actions, your own approach, and your own ideas. This takes up a lot of your energy and as a result, takes time away from your ability to drive others. As a result your team becomes underutilized, or worse…they work on things that are not aligned with the strategy transformation, making objectives more difficult to achieve.
When you drive your team to achieve something new you create a sustainable infrastructure aligned with your strategy. I’m not suggesting that you micromanage them to accomplish tasks the way you would do them yourself, instead, focus on communicating objectives and driving them in a way that inspires your team to achieve them. In order to make your company’s future real and sustainable, your team must embrace your strategy as their own. Your role is to ensure this is happening throughout the entire strategic transformation.
3: Your Team’s Actions
Your Team’s Actions should be focused on achieving new objectives, communicating creative ideas back to you and acting differently in order to generate a new result. They require your support and guidance throughout this process.
Remember, they are a pool of resources that outnumber you alone. They are your team, the vehicle you use to transform your business; they are your business of tomorrow. But they can’t get there without your motivation, your ability to communicate the vision, your ability to facilitate creative thinking, and your ability to set the course and keep it at the forefront of the organization.
You have it in you to educate and motivate others because the vision is yours; you know it better than anyone. Use it to share, engage and provoke your organization.
So how strategic are you?
Many organizations create a “Vision” of tomorrow, but fail to create the actions necessary to “Transform” it successfully. They get stuck in the Thinking & Planning stage and neglect the Leading & Achieving stage.
Strategic Leaders embrace objectives (defining, driving & achieving them), they focus their own actions on driving the actions of their team, and ensuring their team fully embraces achieving the objectives that define the business of tomorrow.
Here are a few questions you can answer to help quantify your own strategic prowess:
What do you use to define your business today?
- Financial results
- Market intelligence
- Customer feedback
- All of the above
What do you focus on more?
- Achieving objectives
- Driving your team to create new ways of achieving them
How do you spend your time?
- Defining objectives
- Driving objectives
Does your team…
- Focus on supporting your efforts
- Develop new actions and objectives to achieve your targets
When do you communicate your strategy?
- When it rolls out each year
- During monthly or quarterly reviews
- On a continuous basis through everything you do
When do you modify your strategy?
- Based on results
- Based on the ideas and creativity of your team
If you left the company today…
- The objectives you put in place would change
- The objectives you put in place would still be achieved
The higher your score (on a scale from 1-18), the more strategic you are; you have the ability to envision and transform with a high likelihood of achieving your business goals. If you answered “1” to any of the questions, focus there and start to modify your approach toward more strategic alternatives.
Remember, a strategy is an idea… many people have great ideas… but to be truly strategic means you can take that idea and turn it into reality. It doesn’t matter if you are a company president, director or manager, strategic minds exist at all levels of an organization. Take the time to start developing your strategic abilities now, both in yourself and your team.
Written by Lisa Woods, President Lisa Woods Consulting & Founder of ManagingAmericans.com
Lisa is a dynamic business leader & author located in Western New York with more than 20 years experience leading, managing and driving growth in the corporate world. Today she partners with business leaders to understand their vision, identify internal and external roadblocks, define a practical strategic path forward and guide a successful transformation. This work includes strategy definition & goal setting, organizational design, facilitating team buy-in, establishing visual metrics, internal and external research studies, business feasibility assessments, and investor insight into organizational strength, weakness & strategic opportunity. She helps business leaders drive growth & increase profits.
Strategic Consulting ǀ Management Consulting: Strategy Realized