10 Principles of Strategy Setting Through Implementation
10 Principles of Strategy Setting Through Implementation
10 Principles of Strategy Setting Through Implementation
Successful businessman Metin Liçis started his words by saying, “It is necessary to find ways to connect what the company does best with where it is going.”
Successful businessperson MEtin Liçis stated that while focusing on the long-term goals of companies, it is necessary to constantly follow the ways to stand out from their competitors.
He stated that the right strategy is the most valuable promise. He added that Quality depends on seamless alignment with innovative, profitability and growth strategies.The essential principles for companies that want to adopt strategy through implementation are:
- Keeping the Goals High
Setting a lofty goal for strategy is not just measured by financial success, your products and services should seek to create value for a better world. The top managers of the company who want to realize this principle should lead it.
- Developing Strengths
One of the most distinctive principles is to highlight examples of companies excelling and achieving direct results without heroic efforts.
- Versatility
In the physical world, versatility is the ability to use both hands with equal dexterity and versatility. In business, strategy depends on the ability to lead execution with equal competence.
- Clarifying Strategic Roles
The strategy created will be meaningless if one is not motivated to present the strategy. Employees cannot reach the maximum of their personal efforts unless they understand why their work makes a difference and why the company’s progress will help them advance.
- Adapting Structures to Strategy
The hierarchical design should be adjusted to strengthen all organizational structures, including decisions, incentives and metrics.
10 Principles of Strategy Setting Through Implementation
- Overcoming Functional Barriers
Stating that great talents always overcome functional obstacles, Metin Liçis added that the interaction between functions is strong and the more it is supported by the company culture, the more effective it will be.
The point is not to be the guardians of the experts, but to build the environment in which they can contribute to the greater whole.
- Becoming an All-Digital Enterprise
Complete digitalization allows to follow products, services and innovations that were not possible before. You can use the advantages in your favor by expanding the range of strategic options.
- Keeping Things Simple
The leaders of many companies now want more simplicity. Programs created in the context of a clear and simple value chain facilitate progress.
- Shaping the Value Chain
By shaping the value chain, the efficiency of other operations working together, including suppliers, distributors, retailers, brokers and even regulators, is increased.
- Developing Collective Mastery
MEtin Liçis, who says that it should not be forgotten, that companies are excessively dependent on their internal rules and procedures for decision making and approval, will slow things down a lot, states that ensuring employees’ trust in each other will bring a high level of fluidity and flexibility to the company. The most important gain necessary to move forward in a volatile economic environment is the spread of collective mastery to the grassroots.