#54 5 keys to successful strategy implementation

When it comes to the strategy process, fundamental questions often arise: How should a strategy process be approached in the first place? And what role does leadership play in it? In our latest episode, "Hope is not a strategy", Christian Underwood and Jürgen Weigand reveal how crucial leadership is to success in the strategy process. Here is an overview of the most important findings:

Time is the key: In a constantly changing world, it is essential to continuously adapt your strategy. If you want to be strategically successful, you need to invest more time than previously known. This is an important finding from research. Finding the right role: Working on strategy requires a balance between top-down and bottom-up approaches. The hosts emphasize the importance of executives as both advocates and operational strategy managers. Engaging employees: Communication plays a crucial role! Actively involving the workforce promotes acceptance of and commitment to the strategy. A clear objective sets the direction. Strategy as routine: Regularly reviewing and adapting the strategy is a must. Helpful tools such as the StrategyFrame can simplify this process and make it more efficient. Flexibility is key: Strategy is a bet on the future. Experimentation and adaptation are essential.

If you want to find out more, listen to the episode now and learn from Christian and Jürgen's insights and experiences. No more theoretical concepts - get started now and put them into practice!

SHOWNOTES:

Christian UnderwoodDr.JürgenWeigandStrategyFramePodcast"Hope is not a strategy "Book"Hope is not a strategy"