If we are to anticipate how 2021 will be described, it will probably be the year of recovery from 2020 and the year of adapting to the new post-pandemic world. In my latest LinkedIn article I lay out the five priorities for strategy in such circumstances:
- Strategy Governance – since one of the main jobs of strategy governance is ensuring strategic risks are effectively anticipated and mitigated, a lot of those responsible are going to be asking themselves some deep and searching questions this year.
- Strategy Audit – an audit can reveal how fit-for-purpose your current strategy is and how mature your strategy management processes are.
- Strategy Production – if you decide your strategy does need revision, you want to get it done as quickly and efficiently as possible by streamlining the strategy production process.
- Strategy Adoption – strategy adoption holds the promise of value for everyone across the organisation and requires strategic leadership that is willing to listen and learn as well as analyse and decide.
- Strategic Agility – if strategy is going to survive in a changing world it needs both agility and resilience. These aren’t merely processes; they need to be embedded into organisational culture.
The article describes these five priorities and offers related resources to help you navigate the strategy challenges of the year ahead.