Stress-TestYourStrategy

Stress-TestYourStrategy

1. The most serius mistakes are not being made as a result of wrong answer.

   • The truly dangerour thing is asking the wrong questions.

2. Who is Your Primary Customer?

   • to meet and exceed your primary customer's needs.
   • A clear choice of a primary customer and an understanding of when that choice needed to change.
   • Internal people are never a company's primary customers.
     • Promote coordination among your employees.
   • Your choice of primary customer may change over time.
     • Will probably require restructuring your business.

3. How Do your core values prioritize shareholders, employees, and customers?

   • key factors
     • Ask the whole Team
     • Discussions must cascade down the organization, note stay stuck at the top.
   • Each choice is based on a different theory of value creation. But making one and communicating it effectively are essential.

4. What critical performance variables are you Tracking?

   • Management attention is your scarcest resource

5. What strategic boundaries have you set?

   • You can tell people what to do
   • You can tell what not to do
     • You should give them freedom to exercise their creativity.

6. How are you generating creative tensión?

   • Assignin strech goalds.
   • Rankin according to performance.
   • Setting spans of accountability that are greater than spans of control.
   • Allocating cost.
   • One way to forcé employees to think outside the box is to assign them to a second box.