Rapidly develop a clear and actionable strategy for where and how you will innovate
Businesses today operate in ever-changing and volatile environments. A clear and actionable strategy acts as a compass for the organisation, focusing resources, guiding rapid decision-making and enabling greater autonomy and agility in all parts of the business.
Any strategy is built on a set of assumption about the future. To remain relevant, they should be informed by feedback from the real world, and be regularly revisited and adjusted in light of new information and organisational learning.
Organisations equipped with this strategic development capability, are more resilient and better equipped to leverage volatility and disruption as strategic opportunities, rather than threats to defend against.
Our Strategy Sprint Process
We teach our clients a strategy sprint approach which is appropriate for organisations that want to develop faster and more nimble decision-making, rapidly respond to change, and capitalise on new opportunities. The approach can take as little as one to two weeks.
We work closely with you throughout the process, transferring our IP and skills so that you are fully equipped to run future strategy sprints yourselves. We recommend conducting a light version of the sprints every three months or whenever there is a significant change in the environment.
During a Strategy Sprint, you will:
Set Vision & Strategy
Create and articulate a vision and strategy that your employees actually understand and can use to accelerate decision-making and increase autonomy
Determine your Innovation Focus
Determine the types of innovation you want to pursue and the resources you will commit to these innovation efforts
Identify Opportunities
Map your existing business models and initiatives to your core business and identify opportunities to create or transition to new models
Consider the Competition
Understanding potential competitors, including disruptors from outside the industry
Evaluate Options
Evaluate options and needs to acquire or develop new partnerships, technology, and other capabilities
Explore Business Models
Use a simple yet powerful business modelling tool to quickly understand your existing business, explore alternative models for profitability and growth, and to create entirely new business models
Gain Clarity and Increase Confidence
Gain clarity and reduce uncertainty of the journey to implement the strategy, including understanding required resources, people, culture and behaviours, knowledge, technology, and target customer segments
Create a Governance Structure
Define a governance structure and key metrics for monitoring the strategy implementation
Key Strategy Sprint outcomes include:
- A fully aligned leadership team
- High organisational engagement, commitment, and focus on the factors that most impact growth and profitability
- A more sustainable and resilient business, which balances investment between maintaining your core business and discovering and developing future growth engines
- Increased awareness of the external environment, enabling greater agility and being able to quickly capitalise on new opportunities
- Recognising and leveraging volatility and disruption as strategic opportunities rather than threats
- Developing the rapid product-development capabilities and agility of ‘digital native’ companies
- Turn-around declining or stagnant growth by confidently dropping poor performing business and pivoting to new business models