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THE SMART STRATEGY BOOK

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THE SMART STRATEGY BOOK

  1. 1. 50 WAYS TO BE YOUR BEST
  2. 2. WHAT’S IT ALL ABOUT? 50 WAYS TO SOLVE TRICKY BUSINESS ISSUES
  3. 3. SEVEN STRATEGY AREAS 1. COMMERCIAL 2. BRAND 3. CUSTOMER 4. SALES 5. PEOPLE 6. INNOVATION 7. COMMUNICATION
  4. 4. WHAT IS STRATEGY? 1. COMMERCIAL: Will this make money? 2. BRAND: Do people like us? 3. CUSTOMER: How do we reach them? 4. SALES: Can we generate enough? 5. PEOPLE: Will our staff make it happen? 6. INNOVATION: Do we have smart new ideas? 7. COMMUNICATION: How do we explain it?
  5. 5. • Winning aspiration? • Where to play? • How to win in chosen markets? • Capabilities needed? Smart Strategy Warning Too many priorities
  6. 6. • What do we want to do? • What do we need to do? • What is possible? • When should we react? Smart Strategy Warning Don’t plan before thinking
  7. 7. • A number is not a strategy • The hard art of standing apart • Concrete and aspirational • How will we know when we’re done? Smart Strategy Warning Avoid wishful thinking
  8. 8. • Who has done this before? • Ooch – run small tests • Range of outcomes? • Admit if you are wrong Smart Strategy Warning Don’t go narrow early
  9. 9. • Ask everyone first • Find pockets of expertise • Remove structural fog • Leave your desk Smart Strategy Warning Strategy isn’t just for strategists
  10. 10. • Identify the nonsense • Find uncommon sense • Forget the competition • Ignore the HIPPO Smart Strategy Warning Don’t box tick
  11. 11. • Identify your bull’s-eye • Work out the NEMO • Remove everything else Smart Strategy Warning No multiple objectives
  12. 12. • Map the market • What are the factors? • What direction is needed? • Where is the opportunity? Smart Strategy Warning Don’t follow fool’s gold
  13. 13. • What don’t we know? • What is the challenge? • Are we all thinking the same? • Reinterpret the brief? Smart Strategy Warning Don’t use old assumptions
  14. 14. • Do we have a brief? • Have we asked why? • Do we have WYSIATI? • Are we feeling or thinking? Smart Strategy Warning Don’t rely on limited evidence
  15. 15. • Have we diverged? • Have we converged? • What might happen? • What if your company didn’t exist? Smart Strategy Warning Don’t toe the company line
  16. 16. • Is it all too neat? • Strong or weak filters? • Are we empowered? • What is the adjacent possible? Smart Strategy Warning Don’t remove messiness
  17. 17. • Less is better • What is Minimum Viable Progress? • What is the priority? • Can we do a reverse pilot? Smart Strategy Warning Don’t make it long-winded
  18. 18. • What kind of thing? • What can we copy? • What might it look like? • How would we apply it? Smart Strategy Warning Don’t just steal blindly
  19. 19. • What do they really think? • Have we led the witness? • Trustworthy data? • Can we live test? Smart Strategy Warning Don’t accept all research
  20. 20. • Is there a gap? • Are they on autopilot? • What can we trigger? • Do we understand this? Smart Strategy Warning Don’t assume people will just do what you want
  21. 21. • Delighting people doesn’t work • Satisfaction = loyalty? • Are we driving disloyalty? • What needs to change? Smart Strategy Warning Don’t annoy customers
  22. 22. • Are customers leaving? • Who are they telling? • What behaviour can we predict? • What interventions might help? Smart Strategy Warning Don’t assume satisfaction
  23. 23. • Understand service recovery • Recovered = stronger • What often goes wrong? • What can we do next? Smart Strategy Warning Don’t panic when things go wrong
  24. 24. • What automatic decisions do customers make? • What are their defaults? • What errors can we anticipate? • What can we re-engineer? Smart Strategy Warning Don’t assume rational behaviour
  25. 25. • How can we appeal to better nature? • What small change can we make? • What effect might result? Smart Strategy Warning Don’t always think big
  26. 26. • How do we sell? • Do customers know more than we do? • Are we framing? • Ambivert selling? Smart Strategy Warning Don’t leave selling to sales
  27. 27. • Do we challenge? • Do we differentiate? • Do we tailor? • What should we change? Smart Strategy Warning Don’t hard sell
  28. 28. • Are we too cheerful? • What can we reframe? • What makes it more difficult? • What can we solve? Smart Strategy Warning Don’t be too optimistic
  29. 29. • What’s the grabber? • Where is the pain? • What can we prove? • Remove the bed of nails Smart Strategy Warning Don’t tell too long a story
  30. 30. • Are we obsessed with new business? • How can we improvise with existing customers? • Are we looking after old business? Smart Strategy Warning Don’t just chase new business
  31. 31. • Are we mass or niche? • What is weird about our product or customers? • What oddness can we celebrate? Smart Strategy Warning Don’t sell everything to everyone
  32. 32. • Do we have a gap? • How do we bridge it? • Too many features? • Too many opinions? Smart Strategy Warning Don’t overcomplicate things
  33. 33. • Numbers don’t motivate • Staff communication? • Staff views? • Purpose and principles? Smart Strategy Warning Don’t emphasize numbers
  34. 34. • What can we influence? • Absolute or relative? • Feedback and adjust fast? • Err on what side? Smart Strategy Warning Don’t assume people get it
  35. 35. • Why do we exist? • How do we behave? • What is most important? • Who must do what? Smart Strategy Warning Don’t ignore the basics
  36. 36. • Clear goals? • Immersed in activities? • Enjoying immediate experience? • Truly engaged? Smart Strategy Warning Don’t interrupt people in flow
  37. 37. • Dysfunctional teams? • Absence of trust? • Fear of conflict? • Team analysis? Smart Strategy Warning Don’t assume they agree
  38. 38. • Autonomy? • Mastery? • Purpose? • What can you master? Smart Strategy Warning Don’t allow passive aggression
  39. 39. • Tell them what not how • Provide organized space • Connect with clever peers • Shelter from organizational rain Smart Strategy Warning Don’t underestimate clevers
  40. 40. • Must meet a customer and company need • Resource constraints? • Growth goals? • Multi-disciplinary teams Smart Strategy Warning Don’t suspend money questions
  41. 41. • Systematic Inventive Thinking • Subtract, divide, multiply • Task unification? • Describe it in 5 words Smart Strategy Warning Don’t take anything for granted
  42. 42. • Forget products • How is this a service? • Customer ideas? • External ideas? Smart Strategy Warning Avoid the commodity trap
  43. 43. • Something different that has impact • What if? • Provoke and prototype • Who is the protagonist? Smart Strategy Warning Don’t stifle provocateurs
  44. 44. • Do everything at once • How many ideas have we got? • How many can we do free? • How fast can we adjust? Smart Strategy Warning Don’t limit effort to one thing
  45. 45. • Is there a true need? • Do the numbers work? • Does it matter? • Learn and adjust fast Smart Strategy Warning Don’t spreadsheet dance
  46. 46. • Start with the customer • What is cheapest or free? • Who else can help? • What can start-ups teach us? Smart Strategy Warning Don’t rely on big budgets
  47. 47. • How brief can we be? • Map, tell, talk, show • Talk, actively listen, converse • Deep brevity wins Smart Strategy Warning Don’t be vague or lengthy
  48. 48. • What is the audience? • What should our approach be? • What should our tone be? • WIFM? Smart Strategy Warning Don’t broadcast blandly
  49. 49. • What social currency do we have? • What emotion can we elicit? • Why should they agree? • Why should they share? Smart Strategy Warning Don’t assume they’ll engage
  50. 50. • Get out of victim stage • What is possible? • Use constraint to spur better thinking • We can if… Smart Strategy Warning Don’t wallow in constraints
  51. 51. • What have we done? • What can we tell people? • What is overclaim? • Should we change something before communicating anything? Smart Strategy Warning Don’t claim what isn’t true
  52. 52. • What is the audience? • What is the right language? • Have we rehearsed? • What is our message on a postcard? Smart Strategy Warning Don’t use cliché and jargon
  53. 53. • What mistakes are we making? • What is realistic? • What do we need to clarify? • Can we make it simpler? Smart Strategy Warning Don’t make fanciful claims

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