6 SIMPLE STEPS FOR STRATEGY PLANNING IN DISRUPTIVE CONDITIONS
“Strategy in Action (SIA) is a wheel that never stops turning because it was built for a world that never stops changing. As the world is revolutionised around you, use SiA as a tool for your own revolutionary outcomes. Be a participant. Meet exponential change by changing exponentially”
- Disrupted: Strategy for Exponential Change Larry Quick & David Platt.
Strategy Planning in 2023 + Beyond
Times have changed, are your planning methods up to date?
Planning cycles are getting more frequent and the days of using a "set and forget" strategy methodology are over.
Here are six simple steps executives should consider when strategy planning in disruptive conditions:
Know your change landscape
The first step in preparing for disruptive change is to monitor and anticipate it. Keep an eye on emerging trends and technologies that could potentially disrupt your industry or market. At Resilient Futures, we do this through our foresight tools (SiA Foresight Ready Reckoner) and conditions-watching capabilities, available in the Strategy in Action Practice Community (SIAPC), our online peer-to-peer learning and networking forum.
Understand the impact
Disruptive change can deeply impact your business, industry, market and key value partners. “No man is an island” - take the time to understand how disruptive change will affect your operations, customers, and stakeholders. Analysing Strategic Opportunities-Risks (SOR) together with your supply chains and demand channels (value networks) is a powerful tool for changing ahead of change.
Strategy in Action (SiA) - Embrace agility
Disruptive change can happen at light speed: quickly and unexpectedly. Being nimble and ensuring you have a strategy made for these conditions is crucial. We are not advocating expensive project management software but instead investing in your people. Build cross-functional teams and provide them with an easy-to-use intuitive reference guide/framework or common language. Leading edge organisations now use Strategy in Action (SiA) to plan and communicate with each other across silos and respond with agility to new challenges.
Foster innovation, and create above-industry standard products and services
Disruptive change is not new. History shows each revolution (agrarian, industrial, information tech., digital etc.) has seen disruption and disruptive change in different guises. Disruption creates opportunities for innovation and those who succeed are the organisations that wrap their arms around disruption and embrace it. Do this by encouraging creativity and ways of trialling new ideas within your organisation. Nurturing an innovative culture that learns and evolves in sync with changing conditions is key.
Invest in talent and the right capabilities
Disruptive change often requires new skillsets and a new toolset. Ensure you are investing in the right strategy standards and provide learning and training opportunities that will be beneficial to your employees' development and the long-term resilience of your people and organisation. We offer self-paced micro-learning for executives and teams to help organisations navigate strategy and planning in times of disruptive change.
Focus on generating sustainable value over sector standards and staying relevant
Disruptive change can create new customer needs and expectations. Focus on understanding and meeting the changing needs of your customers and investing accordingly. Use our Capability Matrix to help focus your investments on capabilities that are value-adding above sector standard.
Make sure your organisation is staying nimble and using strategies fit for purpose. Strategy in Action (SiA): a mindset and toolset for strategy in times of disruptive change.
Resilient Futures Provides Facilitation, Professional Development & Coaching utilising Strategy in Action (SiA) for:
Uplift: Gaining people’s commitment to leading strategic change
Change Landscape: Activating foresight to understand change
Plan & Project Facilitation: Providing a fit-for-purpose method
Change Strategy: Enabling agile, effective & efficient change
Workforce Shaping: Securing the right skills & capabilities
Digital Transition: Identifying competitive solutions
Find out more about Strategy Planning in Disruptive Conditions in our series of Executive Briefings. These briefings are aimed at CEO’s, Managers and Directors who want to beat the forefront of value generation through a new strategic mindset & toolset, delivering the foresight, planning, strategy & leadership required to meet the inevitable disruptive change in 2023 & beyond.
Learn NEW Strategy Standards made for today’s disruptive conditions. Register Here!