Strategy
We define strategy as “a comprehensive view of all core ele
ments of your organization that occur continuously and simultaneously with the benefit of maximizing productivity and profitability.”
Strategy is best performed with key leaders while incorporating all core elements of the organization – not limited to financials. Pieces for Profit emphasizes strategy is not a once-a-year task. Rather, it is a continuous process that drives impactful, strategic decision-making throughout the year and into the future.
Strategy begins with a Main Objective which triggers Goals (to meet the objective), Strategies (to meet the Goals) and Tactics (to complete the Strategies).
Continuous Strategic Review
This graphic demonstrates the importance of continuous review in strategic planning. Leaders using a continuous review process and focused
on key issues make an average of 6.1 strategic decisions per year. As a result, these organizations make more decisions that actually drive the strategy and direction of the organization.
Intervisions
Pieces for Profit challenges you to look at your organization’s departments, business units, divisions or functional areas. The Latin prefix “di” means apart, so divisions means “visions apart.” To connote functional areas which share the same vision, the term intervisions was created. The benefit to aligning intervisions within the strategic process is to engage people in discussions to help determine the strategy.
Innovation
A component of your strategy, innovation can come from anywhere – including people at all levels. As people innovate, they generate growth for your organization which rewards them with stability and incentives. The 6 types of innovations discussed in Pieces for Profit (all which should align with your strategy) are:
- Big Bang Innovations
- Quick Hitter Innovations
- Always Broken Innovations
- Incognito Innovations
- Survival Innovations
- Sleeping Giant Innovations
“Pieces for Profit is an intriguing, practical business strategy book that provides great insight to a variety of organizations and situations, and also supplies realistic guidelines to implement new strategies and processes throughout any organization. The newly created AL²A process – for both customers and employees – is a fresh look at customer engagement and employee emotional engagement.”