Posts tagged ‘Major Driving force’

As promised, I will share the list of ten strategic drivers you can choose from in setting the future for your organization. The important part of this message is to understand you make a single choice between ten strategic drivers. Remember you can only have one strategic driver for the organization, the only exception is possible when you have multiple business units requiring different strategic drivers.

Today I will introduce you to the ten strategic drivers and share a brief explanation of their meaning. Next week I plan to go into more detail particularly identifying the key strategy to incorporate with each strategic driver. The discipline part comes into play with the identification of Areas of Excellence that must be mastered by the organization or the market leader goal will be missed.

So what are the ten strategic drivers? Here they are… Continue reading ‘You Choose the Strategic Driver for Your Organization’ »

Through my years of working with organizations and assisting in the formation of Strategy, I have found one concept or element to be the most important concept for Strategy to become effective. This is the one thing that drives the competitive advantage and insures success in your marketplace. So what is this magic bullet?

First, it is not a magic bullet. Second, it becomes magic in its effect upon the overall performance of the organization when the top managers and executives totally understand this concept. Several years ago, a couple of researchers validated the concept and wrote a best selling management book entitled – the Discipline of Market Leaders. It was determined that companies using the discipline to focus in certain areas and limit investment of time and money in other areas – would lead their markets.

So what is this concept? Continue reading ‘The One Concept Executives Need to Understand for Effective Strategy’ »

The month of October has been designated as International Strategic Planning Month. What a great idea to place this on your calendar – especially the executives of organizations. The act of strategic planning is how you create the future for an organization. Continue reading ‘October is International Strategic Planning Month’ »

The fifth C in the twelve part series on success is Concentration.

Concentration is a unique trait of the most successful people and organizations. The unsuccessful usually have no understanding of the importance of this characteristic. If the ability to concentrate is missing or limited, then you will find people working on mostly low priority items or activities. The outcomes and results are also limited, therefore, high performance is not possible.

What is Concentration? Continue reading ‘Success and Concentration’ »

Now this is an interesting question. Just what are asking about with this question? Actually, from a strategic point of view, it is a basic and very important question. What is driving your Company is all about understanding what is your Major Driving Force.

Every company has a unique major driving force. This major driving force determines the major strategic issue to focus upon and the at least two areas of excellence you must have to be successful. Your entire business concept gravitates from the major driving force.

There are ten possible driving forces that cover a range of alternatives. A company’s executive team then have the ability to choose the one that will give them a competitive advantage in the marketplace. What happens to a company when  the major driving force is unknown? Usually bad things – like poor performance and results, low marketshare in the marketplace, wasted resources, poor investments and poor hiring practices. Everything about the future is tied to the major driving force. Continue reading ‘What is Driving Your Company?’ »