📌 The actual strategy is what the organization currently has, whereas the aspired strategy is what it seeks to achieve.
★ Must-know
Traditional strategy generation occurs before strategy execution, sometimes leaving months or years before the strategy is put into practice.
Short Cycle Strategy reconnects strategy generation and execution, turning them into an iterative and more approachable process.
Further detail
1. What is the central aim of strategy execution?
2. An organization is pursuing a desired future direction while also operating according to its current approach. Which description correctly distinguishes these strategies?
3. What can happen in a traditional approach when strategy generation precedes execution?
What does strategy execution aim to minimize?
The gap between the aspired and realized strategies.
When does traditional strategy generation occur relative to execution?
Before strategy execution, sometimes months or years earlier.
What does the actual strategy describe?
The strategy the organization currently has.
How is traditional strategy typically generated and communicated for execution?
Top leaders generate it, then expect it to trickle down to those responsible for execution.
Why is organizational strategy dynamic during execution?
Internal or external circumstances can change, and new learning can prompt adjustments.
What three cycles make up the Short Cycle Strategy process?
Strategy generation, strategy execution, and an overall cycle connecting them.
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