McKinsey has an interesting set of questions to ask about your strategy.
Most companies past fewer than four of these. Compare how the strategies you support meet these tests. Great source for team and direct report discussions about the alignment of your work with your strategy. Don't know your organization's strategies...ask!
- Test 1: Will your strategy beat the market?
- Test 2: Does your strategy tap a true source of advantage?
- Test 3: Is your strategy granular about where to compete?
- Test 4: Does your strategy put you ahead of trends?
- Test 5: Does your strategy rest on privileged insights
- Test 6: Does your strategy embrace uncertainty?
- Test 7: Does your strategy balance commitment and flexibility?
- Test 8: Is your strategy contaminated by bias?
- Test 9: Is there conviction to act on your strategy?
- Test 10: Have you translated your strategy into an action plan?
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