No templates to fill out, and no one-size-fits-all operating system. Instead, a tested framework that requires deep qualitative and quantitative investigation into the root cause of the problem, and a realistic assessment of how the organization can fix it as quickly as possible.
A simple framework in concept, but success requires deep candor, hard choices, and unwavering commitment to the agreed-upon actions.
- 1
Diagnose deeply
Get to core issues
- 1.1Are they operational or strategic?
- 1.2If strategic: is it environmental (customer behavior or value chain change) or competitive dynamic?
- 1.3If operational: is it people or process/systems?
- 1.4How much time (and cash) do you have to fix?
- 1.5Realistic assessment of company’s core skills and resources
- 2
Develop strategic solution to directly solve the core issue
High level policy
- 3
Build out step by step execution plan
- 3.1Steps need to compound
- 3.2Checkpoints/feedback points to confirm the policy: how much can be prototyped and tested vs. one way door decisions
- 4
Align resources, focus company leadership, reduce other priorities
- 5
Mistakes to watch for
- 5.1Dressing up goals as strategy
- 5.2Mistaking a strategic issue with an operational one
- 5.3Unrealistic timeline or skills/resources match
- 5.4Waiting too long to address
- 5.5Refusing to choose/truly prioritize
- 5.6Fill in templates vs. debate/judgment/discussion