Something a lot of organizations don’t think about is how flexible do they need to be when thinking about and implementing strategy.
The answer is that likely you need to be pretty flexible.
But why is flexibility important to your strategy?
For several reasons, like the need to adapt to an ever changing market.
Or, the way that your strategy isn’t actually what you thought it was once you starting engaging with the market.
Which leads us back to adaptability.
How can you make your strategy flexible?
1. Understand what your goals are:
It isn’t important how you get to your goals, but it is important that you know what your goals are.
So make sure you understand what your goals are and that can help with the flexibility.
2. Listen to what the market and your workforce is telling you:
Too many times strategy gets set in stone and no amount of interaction with the market will change what is expected of that strategy.
To remain flexible, it is important that you pay attention to what your workforce and the market is telling you.
3. Review your strategy and measure it against the goals you have set:
Everything comes back to why and what your goals are.
So to maintain the proper flexibility, you need to make sure that you are really focusing on measuring the strategy you are implementing against the goals that you have set.
And, once you have done that, make sure that you are using the feedback to adjust your strategy to whatever it is you are attempting to do from there.
Because without honest feedback, a strategy can become rigid and can easily fail. But by paying attention to your goals and the feedback you receive from the market, you can achieve a great deal.