A Strategy Requires Execution
The first step in developing a business was always to have a plan. The bank wanted one….so did the SBA. I’m pretty sure the plan was never looked at once all the documents were signed. Most business plans are more than likely tossed in a file cabinet never to be seen again.
Five building blocks to an executable strategy:
+ Clear purpose and reason why the business exits
+ Concise strategy to meet a market need
+ Focused connection to people (customers and people within the business/organization)
+ Simple organizational/decision structure
+ Astute leadership/management
Reality is that in many enterprises these attributes are not in place….and for many people these are the hardest to execute.