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Three Key Components To Transform Strategy Into Results

By Lisa Woods (1363 words)
Posted in Leadership & Teambuilding on April 16, 2021

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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:

 

  1. Define & quantify the market today, as well as future trends.

  2. Assess your current financial & cultural situation.

  3. Understand your customer’s perception of your business vs. their needs & expectations.

  4. Determine how you want to change all of that over a period of time, 12-24 months, or three to five years.

  5. Develop the company’s vision, or the vision for what that future looks like within your own department-what will you impact.

  6. 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. 

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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.

{#/pub/images/StrategicTransformation2.jpg} 

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: 

 

Strategic Self-Assessment 

 

What do you use to define your business today?

  1. Financial results

  2. Market intelligence

  3. Customer feedback

  4. All of the above

 

What do you focus on more?

  1. Achieving objectives

  2. Driving your team to create new ways of achieving them

 

How do you spend your time?

  1. Defining objectives

  2. Driving objectives

  3. Both

 

Does your team… 

  1. Focus on supporting your efforts 

  2. Develop new actions and objectives to achieve your targets

 

When do you communicate your strategy?

  1. When it rolls out each year

  2. During monthly or quarterly reviews

  3. On a continuous basis through everything you do

 

When do you modify your strategy?

  1. Based on results

  2. Based on the ideas and creativity of your team

 

If you left the company today…

  1. The objectives you put in place would change

  2. 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.

 

Good luck!

 

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Written by Lisa WoodsPresident & CEO ManagingAmericans.com

Lisa, a thought leader in Business Management and Leadership, founded ManagingAmericans.com in 2011 after 20+ years successfully leading and driving growth in the corporate world. Her objective is to help mentor and develop professionals to be better leaders, managers, team players and individual contributors in a “do-it-yourself” learning environment using unique & practical tools to support the process. Lisa’s career spans from Global Sales & Marketing to General Management of Multinational Conglomerates. Today she continues to consult small business owners through her private practice, as well as teach leaders and mangers as an Adjunct MBA Instructor for Southern New Hampshire University. Lisa's publications include: • 4 Essential Skills for Leaders, Managers & High Potentials © 2013 • The Cross Functional Business: Beyond Teams © 2015 • Action Item List: Drive Your Team With One Simple Tool © 2016 • Small Business Planning Made Simple: What To Consider Before You Invest © 2017

 

 

 

 

Comments (2)

monalisha das posted on: June 7, 2021

wow, nice one....start your website from here https://www.gitsys.in/ .... you can also make a query about software development, SEO, SMO, digital marketing, mobile app, etc...

Marta Simeonova posted on: August 7, 2021

Great article! Many strategies fail because the people who develop them do not think about the implementation. And many managers fail because they don't put enough to draw their teams into driving the strategy and implementing change.

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