Ep. 7 - Involving the Organization
Description
The question of who should be involved in formulating a company's strategy is a topic of debate. While some argue that everyone in the organization needs to be involved and that the best strategy includes everyone's input, others believe that it's the job of the CEO because only they have the broad perspective and overview to take the whole business into account. There needs to be a balance between the two. Here are six ways to involve the organization in a strategy process:
1. Ask for input on challenges and opportunities.
2. Once you have defined the strategic issues, ask the organization to give you input and ideas on how to solve them and seize opportunities.
3. Present a draft of the strategy and ask for feedback.
4. Have a cross-functional team work on specific parts of the strategy.
5. Communicate the strategy to the organization and explain why it's important.
6. Create a system for feedback and improvement.
United States
