To stay ahead of the pack, you must translate your
organization's competitive strategy into day-to-day actions that
will enable your company to win in the marketplace. This means
channeling resources into the right efforts, striking a balance
between innovation and control, and getting everyone pulling in the
same direction.
How to accomplish all this? Continually ask the right
questions, advises Harvard Business School professor Robert Simons.
By posing these provocative questions, you identify critical gaps
in your strategy execution processes, focus on the most important
choices you must make, and understand what's at stake in each
one.
In this concise guide, Simons presents the seven key questions
you and your team must regularly explore together:
·Who is your primary customer? Have you organized your company
to deliver maximum value to that customer?
·How do your core values prioritize shareholders, employees,
and customers? Is everyone in your company committed to those
values?
·What critical performance variables are you tracking? How are
you creating accountability for performance on those variables?
·What strategic boundaries have you set? Does everyone know
what actions are off-limits?
·How are you generating creative tension? Is that tension
catalyzing innovation across units?
·How committed are your employees to helping each other? Are
they sharing responsibility for your company’s success?
·What strategic uncertainties keep you awake at night? How are
you riveting everyone's attention on those uncertainties?
These questions force you to reexamine the unspoken
assumptions underlying your strategy and analyze how it's
implemented through your business processes and structures. Simons'
extensive examples then help you understand your options and make
the tough choices needed for your company to excel at
execution.
Drawing on decades of research into performance management
systems and organization design, Seven Strategy Questions is a
no-nonsense, must-read resource for all leaders in your
organization.
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