Business & Leadership Insights
Our latest thinking on the issues that matter most in organisations.
Netflix is famous for being one of the most significant case studies for a successful business model transformation. Netflix originally began as a mail-based rental business through a subscription-based system that specifically focused on selling DVDs.
However, with the decline of the VHS in the early 2000s and the eventual decline of DVDs in the 2010s, sales for Netflix had started going toward a downward spiral.
A corporate strategy is essentially the playbook of a company. It not only defines the strategic goals, it outlines the way in which an organisation achieves those goals. Without this roadmap, organisations can stumble around in the dark.
Each corporate strategy will contain key corporate strategic components that can be referred back to at each juncture: what is our vision, what are our objectives, what do we need to invest in to make this happen, what areas need to be prioritised above others. A well thought out plan will guide an organisation through significant periods – good and bad – and give it the tools to measure its success.
In the past most organisations took a highly structured approach to strategy development known as strategic planning which involved an annual process of putting plans in place for the coming year and beyond.
However, in today’s complex and turbulent business environment, it is impossible to plan for every eventuality and strategy making needs to be a more flexible and dynamic process which reflects a way of thinking strategically about the business and the environment in which it operates. Organisations that fail to think strategically will be vulnerable to threats and ill-prepared to take advantage of fresh opportunities. A flexible but focused approach will put organisations in a better position to deal with setbacks and to respond to new opportunities as they emerge.
Do you have a strategy in place but struggle to execute it with precision? Don't worry, you're not alone. Many organisations face this challenge, as the gap between planning and action can often be the most difficult to bridge. However, with the right approach, you can take your strategy from paper to reality seamlessly.
In this article, we will explore effective ways to execute your strategy with precision. We will delve into actionable steps you can take to ensure that your plan comes to fruition. From setting clear goals and objectives to developing a detailed roadmap, we will guide you through the entire process. Additionally, we will discuss the importance of communication, collaboration, and adaptability in executing your strategy successfully.
Whether you're a small business owner or a seasoned executive, this article is for you. By following the insights and strategies shared here, you will be equipped to turn your plans into action and drive tangible results for your business. Get ready to take your strategy execution to the next level!
Gestaldt Consultants, Partners and Thought Leaders.
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