Strategy vs Tactics In Business
Vincent • September 18, 2017
Throughout my 25 years of professional business leadership, I’m always surprised over how many business owners and leaders choose to remain reactive and tactical – versus strategically proactive – regarding their business activities, in essence sabotaging their ultimate success and potential.
The following is my summarized effort of the key imperatives of focus, upon which truly committed business leaders must focus, lest they become afflicted by “tactic-itis,” which often deludes people into THINKING they’re being productive – which is a symptom of being simply BUSY – versus focusing on achieving strategic objectives and RESULTS in their business.
- Determine your business’ TRUE PURPOSE and value proposition. Not what you THINK it is, but what the marketplace acknowledges it to be. What is the UNIQUE solution set that your business delivers? It cannot be what your competition delivers… it must be an ideal, or a series of ideals, that only YOUR business delivers.
- See the business as it REALLY is. This can be done through a simple SWOT analysis (Strengths, Weaknesses, Opportunities, Threats), or a more in-depth audit process. It’s amazing how many business leaders choose not to do this… Maybe it’s because they don’t want to see the “bad” aspects of their business (which the market readily sees), so they choose to remain in denial.
- Identify Key Resources and Support Systems. Whether they be human resources, who share a compatible vision as you, fiscal resources (realizing that cash flow is like blood flow to a business), and the key areas that require your most critical focus and attention.
- Create action plans that include accountability, monitoring and measuring, time frames and contingency plans. Like in any effective business battle campaign, achievement of key milestones and variables cannot be left to chance. Then you must effectively delegate, lest you end up doing everything yourself again…
- Take effective action (not “spastic” action, with little organization and direction), ensuring that all meetings are agenda-driven, and that only the right people are attending. Collaborate and build momentum, constantly monitoring the KPI’s (key performance indicators) along the way.
All good business is strategically driven. Of course, tactics must always be conducted in order to achieve results, but it’s sound STRATEGY that drives every successful business. Don’t leave it up to chance….
The post Strategy vs Tactics In Business appeared first on Chris Steely.
The post TURBULENT TIMES… AGAIN – Revisited… 10 Years Later appeared first on Chris Steely.
Check out current content on our LinkedIn pageThe post BLOG HAS MOVED! Check out LinkedIn appeared first on Chris Steely.
Teamwork has never been easy, and in recent years it has become much more complex. And the trends that make it more difficult seem likely to continue, as teams become increasingly global, virtual, and project-driven. Taking a systematic approach to analyzing how well your team is set up to succeed - and identifying where improvements are needed - can make all the difference.The post On TEAMWORK: The Imperative and Reality of TEAM in Today’s Business World appeared first on Chris Steely.
Life becomes amazingly juicy when you understand, own, and courageously fulfill your true purpose, which is often fraught with challenges that test and instill the true capabilities required to be truly effective at what you do.The post EASY LIFE appeared first on Chris Steely.
What makes Tiger Woods great? What made Berkshire Hathaway Chairman Warren Buffett the world’s premier investor? We think we know: Each was a natural who came into the world with a gift for doing exactly what he ended up doing. As Buffett told Fortune not long ago, he was “wired at birth to allocate capital.” It’s a one-in-a-million thing. […]The post What It Takes To Be Great appeared first on Chris Steely.
The post Military Principles Applied To Business Success appeared first on Chris Steely.
Reflect for a moment… Focus on the metaphors which these two words bring to mind… First, the gladiator. Many of us see Russell Crowe, and his recent depiction of the gladiator warrior on the big screen. Strong, resilient, capable, idealistic, balanced. The gladiator of today’s society is one who stands tall amidst the storm, and does […]The post Gladiator Champion appeared first on Chris Steely.
Today we celebrated the life, and mourned the passing, of my employer and mentor, Chet Holmes. The funeral service at the Catholic Church of Santa Monica was a reunion of sorts, and many people that loved Chet gathered to pay their respects. One of the great things about communities like this gathering, sharing, caring, and […]The post Mortality appeared first on Chris Steely.
What ever happened to achievement; the good old fashioned American work ethic? The attitude that made this wonderful country what it is today… the inspiration fostered by our forefathers, as they put their lives on the line for what they believed in… It’s almost like the gravity of mediocrity has become so intense, that it’s […]The post Doing What It Takes To Overcome Gravity appeared first on Chris Steely.
Here’s another short from my book “GPS To Success:” So many people exist in their own personal status quo. They become engulfed and washed away in the flow, maintain their obliviousness, lose sight of how it could be better, and end up not wanting to make it better. They succumb to their “comfort,” which fosters […]The post What Are You Doing Here? appeared first on Chris Steely.
