5 Reasons Most “Strategies” Fail
1 June 2022
I wanted to start posting more strategy posts on Medium because I like writing in the platform and a lot of people come here to learn about strategy and how to take action on their strategic action lists.
In general, my outline for strategic thinking follows through 5 steps:
- Ambition: What you want to become.
- Focus: Where you are going to point your attention.
- Value: Why you?
- Resources: Plans. People. Tools. The things you need.
- Actions: An idea without action might be good…so to make your strategy successful, you have to take action.
Today, I want to start out with some reasons that folks see their strategies fail. This isn’t a comprehensive list because every organization can find a way to struggle with their strategy that is unique to them.
But these 5 examples come up repeatedly in my work.
Failure to Focus:
This is the “You Can’t Be Everything to Everyone” principle. Even if you are a generalist, like me, you have to have some sort of focus.
I focus on strategy 3 ways:
- Corporate level
- Brand level
- Marketing level