In this Episode About Strategic Planning and Execution
- Strategic Team Composition: Effective strategic planning involves a small, focused team with deep connections to market realities and internal capabilities, emphasizing quality and strategic insight over hierarchical status.
- Integrated Approach to Strategy: Strategic planning and execution are presented as inseparable elements of successful business strategy, advocating for a unified process that includes systems thinking and a blend of various strategic models like resource-based and market-based strategies.
- Importance of Adaptation and Organizational Alignment: Successful strategy implementation hinges on the organization’s ability to adapt strategies based on ongoing market feedback and achieving deep alignment and commitment within the team to ensure cohesive execution.
Here is a Glimpse of Strategic Planning and Execution
In this episode of “The Lazy CEO Podcast,” host Jim Schleckser explores the complex and often misunderstood world of strategic thinking and execution. He begins by highlighting the sobering statistic that over 50% of strategies fail due to poor execution or deployment. Schleckser emphasizes that strategic planning and execution should not be viewed as separate processes but as a unified one, drawing on insights from thinker Henry Mintzberg. Schleckser argues for the effectiveness of small, strategic teams in organizational planning, suggesting that the ideal group size is around 5 to 9 people. He stresses the importance of including team members who are deeply connected to market conditions and internal capabilities rather than just those with high-ranking titles. He advocates for system thinkers who can understand complex interdependencies within the organization and the broader market.
Resources mentioned in this episode:
- Jim Schleckser on LinkedIn
- The CEO Project
- Great Ceos Are Lazy: How Exceptional Ceos Do More in Less Time by Jim Schleckser
Sponsor for this episode…
This episode is brought to you by The CEO Project. The CEO Project is a business advisory group that brings high-caliber, accomplished CEOs together. Our team of skilled advisors comprises current and former CEOs who have run both public and private sector companies across multiple industries. With our experience and expertise, we guide hundreds of high-performing CEOs through a disciplined approach that resolves constraints and improves critical decisions. The CEO Project has helped high-performing, large enterprise CEOs with annual revenues ranging from $20M to over $2 billion to drive growth and achieve optimal outcomes. If you are an experienced CEO looking to grow your company, visit www.theCEOProject.com.