\u275dSTRATEGIC AGILITY\u275e is the ability to IMPROVE PERFORMANCE\u2014 not just survive, but thrive\u2014 AMID DISRUPTION. <\/p>\n\n\n\n
MICHAEL WADE and others share in last HBR “Special Spring ’22” \ud835\udc12\ud835\udc08\ud835\udc17 PRINCIPLES to Build Your Company\u2019s Strategic Agility<\/p>\n\n\n\n
1\ufe0f\u20e3 Prioritize SPEED over perfection \ud83d\ude85
Opportunities come and go quickly during a crisis, so organizations need to be ready and WILLING TO ACT QUICKLY, even if they sacrifice quality and predictability in the process.<\/p>\n\n\n\n
2\ufe0f\u20e3Prioritize FLEXIBILITY over planning \u2194\ufe0f
Strategy is often taught in business schools as a cascade of choices around where to play and how to win. However, in a crisis, a strategic plan can easily become an anchor that locks an organization onto a path that is no longer relevant.<\/p>\n\n\n\n
3\ufe0f\u20e3Prioritize DIVERSIFICATION and \u201cefficient slack\u201d over optimization.
Many organizations struggled during the pandemic not because they weren\u2019t nimble or innovative but because they were felled by a single devastating blow. The root of this problem, in many cases, was either a lack of diversification or an overemphasis on efficiency and optimization.<\/p>\n\n\n\n
4\ufe0f\u20e3Prioritize EMPOWERMENT over hierarchy \ud83d\ude4b\ud83c\udffb
SYSTEMS ARE MOST VULNERABLE AT THEIR WEAKEST POINTS. A hierarchy, for example, is most vulnerable at the top. Empowered teams, by contrast, are inherently robust. Since they\u2019re decentralized, no single strike or crisis can take them all out. <\/p>\n\n\n\n
5\ufe0f\u20e3Prioritize LEARNING over blaming \ud83d\udc68\ud83c\udffb\u200d\ud83d\udd2c
It has been well established that organizational cultures that reward risk taking and tolerate failure move more quickly that those that don\u2019t. If people are criticized for failing, they are less likely to take risks; in a crisis, this can be fatal.<\/p>\n\n\n\n
6\ufe0f\u20e3Prioritize RESOURCE MODULARITY AND MOBILITY over resource lock-in \ud83e\ude74
Because it is difficult to predict how the future will unfold in a crisis, it is hard to effectively plan the allocation of resources. Thus, it is important to build resources that are MODULAR and\/or MOBILE so that they can be reconfigured or moved as needed.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u275dSTRATEGIC AGILITY\u275e is the ability to IMPROVE PERFORMANCE\u2014 not just survive, but thrive\u2014 AMID DISRUPTION. MICHAEL WADE and others share in last HBR “Special Spring ’22” \ud835\udc12\ud835\udc08\ud835\udc17 PRINCIPLES to Build Your Company\u2019s Strategic Agility 1\ufe0f\u20e3 Prioritize SPEED over perfection \ud83d\ude85 Opportunities come and go quickly during a crisis, so organizations need to be ready and WILLING TO ACT QUICKLY, even if they sacrifice quality and predictability in the process. 2\ufe0f\u20e3Prioritize FLEXIBILITY over planning \u2194\ufe0fStrategy is often taught in business schools as a cascade of choices around where to play and how to win. However, in a crisis, a strategic plan can easily become an anchor that locks an organization onto a path that is no longer relevant. 3\ufe0f\u20e3Prioritize DIVERSIFICATION and \u201cefficient slack\u201d over optimization. Many organizations struggled during the pandemic not because they weren\u2019t nimble or innovative but because they were felled by a single devastating blow. The root of this problem, in many cases, was either a lack of diversification or an overemphasis on efficiency and optimization. 4\ufe0f\u20e3Prioritize EMPOWERMENT over hierarchy \ud83d\ude4b\ud83c\udffbSYSTEMS ARE MOST VULNERABLE AT THEIR WEAKEST POINTS. A hierarchy, for example, is most vulnerable at the top. Empowered teams, by contrast, are inherently robust. Since they\u2019re decentralized, no single strike or crisis can take them all out. 5\ufe0f\u20e3Prioritize LEARNING over blaming \ud83d\udc68\ud83c\udffb\u200d\ud83d\udd2cIt has been well established that organizational cultures that reward risk taking and tolerate failure move more quickly that those that don\u2019t. If people are criticized for failing, they are less likely to take risks; in a crisis, this can be fatal. 6\ufe0f\u20e3Prioritize RESOURCE MODULARITY AND MOBILITY over resource lock-in \ud83e\ude74Because it is difficult to predict how the future will unfold in a crisis, it is hard to effectively plan the allocation of resources. Thus, it is important to build resources that are MODULAR and\/or MOBILE so that they can be reconfigured or moved as needed.<\/p>\n","protected":false},"author":1,"featured_media":204,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,4,5],"tags":[],"class_list":["post-203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business","category-leadership","category-personal-development"],"_links":{"self":[{"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=\/wp\/v2\/posts\/203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=203"}],"version-history":[{"count":1,"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=\/wp\/v2\/posts\/203\/revisions"}],"predecessor-version":[{"id":703,"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=\/wp\/v2\/posts\/203\/revisions\/703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=\/wp\/v2\/media\/204"}],"wp:attachment":[{"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rafaguilarc.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}