Emrys EMPR

WHY STRATEGY FAILS: without it, the whole chain breaks down.

LEVEL UP your knowledge and skills with Emrys training and seminar modules.
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WHAT DO YOU THINK OF THIS QUOTE?

Konosuke Matsush*ta (founder of Panasonic):

“Enrich and free your mind; let your thinking be flexible; be willing to learn; listen well; ask questions; know the value of a thing; be impressed; be determined; like what you do; make your job a lifelong career; maintain your autonomy; know the target; think like a President; take a step at a time; do the right thing now; know the wise and the ordinary; love others as you love yourself; know that the path is infinite; understand conflict and harmony; trust your fellow beings; be responsible towards society; know that a smile is a gift.”

COMMUNICATION techniques focusing on how, what, when, and who impacts relationships within the organization. Couple it with enhanced reporting and presentation skills, and there’s a strong understanding and informed decision making at work.
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IMPROVE ORGANIZATIONAL PERFORMANCE by aligning these seven key elements: Strategy, Structure, Systems, Shared Values, Skills, Style, and Staff, and usher in a shift in strategic management. Email us at [email protected].

AS A PROCESS that involves identifying ways to enhance the value of a product or service, QVE provides the best possible combination of function and cost. This is continuous improvement at work, and best of all, collaboration creates teams that produce replicable results.
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Root cause analysis is a form of inductive and deductive inference. It is a method of problem solving used for identifying the root causes of faults or problems, widely used in manufacturing, IT, telecommunications, process control, accident analysis, medicine, healthcare industry, among others.
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What can leadership do to effect change? It is by embracing the call for change.

MEASURE your organization’s performance to track progress and identify opportunities for improvement and success replication.

Strategy and plan are not the same terms:
Strategy is a logic, and planning is a process.
Many people confuse these terms - Jeroen Kraaijenbrink has a great explanation of the differences.

The confusion around the concept of strategy largely arises from its misuse.
People often use the term "strategy" to describe something special, like "strategic marketing" or "strategic finance."

They also use it casually in everyday conversations to talk about their plans to achieve goals, such as "my strategy to get better grades is to study 10% more every day." However, in business or organizations, strategy means something specific. If every plan, approach, or process could be called a strategy, it would lead to confusion.

Here's the key difference:
→ Strategy is the logic behind how an organization creates and captures value, while planning is the process.

To put it differently:
→ Strategy defines goals, while planning helps achieve them. A strategy delineates the rationale behind an organization's value creation and capture process.

In Jeroen's book, "The One-Hour Strategy," it is described that strategy encompasses:

a) The identification of target customers and competitors (Market),
b) The selection of products and services offered (Magic),
c) The utilization of assets and capabilities (Means),
d) The methods employed to generate revenues (Money),
e) The strategies for leveraging the environment (Momentum),
f) The underlying reasons for pursuing these actions (Meaning).

This can describe an organization's current strategy, intended strategy for the future, and realized strategy based on implementation. None of this directly relates to a plan.

A plan details the steps, resources, and timeline needed to achieve specific goals. While a plan may be developed to implement a strategy, it's not the strategy itself.

Goals stem from the logic of the strategy and guide planned actions. It's crucial because many organizations claim to have a strategy but lack the overarching logic behind value creation. They may have plans and goals but lack the derived strategy.

Now, the key question is:

Does your organization truly have a strategy, or is it merely operating on plans?
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From Igor Buinevici, via LinkedIn