I was asked the question recently "Why do strategies fail?" So in my usual, contrary manner rather than answer the question directly I turned it on its head and talked instead about what
makes strategy succeed.
The answer is brand.
Much more than a logo and based on truth, a brand is an
organisational blueprint for growth. Brand shapes and maintains a healthy
company culture that works to achieve corporate and strategic objectives. It’s
a rallying cry to engage and unite a workforce, a blueprint for the way
everyone inside a business behaves.
Authentic brands build trust inside organisations. Build
trust and you’ll build engagement. Engaged employees are happy; happy to work,
happy to stay. Engaged employees are receptive, they take ownership. Engaged
employees understand what needs to happen to make the difference.
People engage with
brands emotionally; emotional engagement is four times more powerful than
rational in driving behaviour. Strategy succeeds when internal
communication is given a human, brand-hearted, voice.
You’ll then have a motivated internal audience open to
change, willing to take responsibility for making things happen. Then strategy
succeeds.
The answer seemed to satisfy.
A version of this blog first appeared in the Sunday Telegraph, Strategy Execution supplement on 4th November 2013. To view the full supplement click Sir Clive - my 'answer' is on page 15.
Great argument! A company filled with people having the vision and determination for improvement always works despite the presence of a strategy or not. http://www.21stcenturynews.com.au/big-grow-bigger-2014/
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