During times of change and turbulence, it can help you to navigate the quickly evolving landscape and stay ahead of the game. These are five thoughts for keeping your Strategy Execution on track during COVID-19.
Strategy Execution can put an organization on the competitive map, but more importantly, keep it there.
As this crisis unfolds, some organizations will be resilient. For some, this uncertainty will impact their businesses like never before. The actions of executives and their teams now, will significantly determine their future.
Here are five thoughts to help keep your Strategy Execution on track during COVID-19.
1. You may need to course correct
Course correction is all about righting the ship and weathering the storm. The idea is that a strategic plan adapts to failure and overcomes unexpected obstacles. What’s more, it can involve plotting a completely new course for your business.
2. Keep your teams aligned
Almost overnight, because of COVID-19, offices closed and critical employees are now working remotely. It is crucial that you maintain alignment in the new remote environment.
Leaders need to keep everyone connected, aligned and ensure the business is moving forward.
Tools such as Zoom, Skype for Business, Slack and Microsoft Team can help with this.
3. Relentlessly focus on your vision
During COVID-19 the best organizations will decide what strategic items to keep, which to adjust and which to cancel. Initiatives that fall outside of scope should be cancelled to free up bandwidth and to enable you to focus on the key initiatives that will help you weather this storm.
4. Step up and lead – don’t fall into your operational comfort zone
The best leaders will be anticipating what is coming next week, next month and next year and course correcting the organization for the incoming changes. They will delegate, trust and provide support as their people as they make decision.
5. Have a Strategy Execution System
COVID-19 will see new strategic plans emerge as organizations adjust and course correct. As you formulate a new strategic plan, you must focus on creating as an executable plan.