Create the Conditions for Success
Strategy space is a management approach that involves a broad group of people in the strategy formulation and execution process, beyond top management.
Inclusivity
Involve a variety of stakeholders in the strategic process.
Collaboration
Encourage joint work and the exchange of ideas.
Transparency
Share relevant information and strategic decisions openly.
Adaptability
Be flexible and open to adjusting strategy based on feedback and new ideas.
How to Create the Strategy Space
In an environment of fast-changes and complexity, leaders must establish a strategic intent and empower according action to create strategic agility and enable collaboration.
Ask the right questions
Strategy starts with an understanding of the current situation. This situation can only be understood if the right questions are asked.
Create Strategic Intent
Understand the situation by capturing the knowledge and insights from all employees and stakeholders. Integrate this knowledge to establish a shared vision.
Capture Strategy Flow
Collect knowledge about ongoing strategic initiatives within the organization and identify the trends in the environment to evaluate how these initiatives can be strengthened most effectively.
Define Collective Action
Evaluate the list of initiatives in regard to your strategic intent and the trends in the environment. Run collective and transparent workshops to prioritize the strategic action to be done now.
Monitor Strategy Execution
Re-invite people on a continuous base to evaluate the progress of strategy implementation and reiterate the strategic intent based on the developments within and outside the organization.
Your benefits of opening up strategy work
In dynamic environments, collaboration and inclusion to create clarity leads has the potential to realize large economic benefits
Engagement & ownership
x2 successful initiatives
Alignment & efficiency
-11% coordination cost
Innovation & informed choices
+20% profitability
Trust & retention
+40% retention rate
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