Strategy Is Confusing, But The Requirements of Growth Are Not!
Strategy Is Answering The ‘How To Grow Faster?’ Question
Strategy Is Confusing, But The Requirements of Growth Are Not!
Strategy Is Answering The ‘How To Grow Faster?’ Question
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Fast Strategy or Slow Strategy – Its Affect on Your Performance

To facilitate some fresh thinking we get managers talking about strategy that is fast and slow, rather than good or bad.

Many managers have strategies that are slowing them down – limiting their company's ability to exploit its full potential or to respond to the opportunities and challenges emerging its market.  We call them slow strategies.

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The problem is that there are a lot of slow strategies out there.  Indeed, for every one fast strategy there as many as 9 slow ones.  That is based on research into the rate of success of business strategies.

SLOW acronomyn

In the image above we use the familiar chess icon to denote the traditional approach to strategy – an approach that is cautious, analytical and slow.  But the slowness of strategy is at the core of strategy's key challenges.

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How slow is slow strategy?  Well pretty slow as the following figures suggest:

How slow is slow strategy?

From the above it is clear how slow strategies hinder success.  They inhibit organizations in responding to the opportunities and challenges of their market.

slow to change

Fast strategy is fast to devise and implement.  It is also fast to adapt, innovate and learn.  That is how it gives a company the edge.

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Fast strategy is about Competition, Speed, Passion and Skill.  But most of all it is about Winning!

fast strategy

Fast paced change requires a faster strategy – that means keeping pace with technological, regulatory, competitive and other forms of change.

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Fast strategy is about above  average growth and profitability.

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Fast paced change requires a faster strategy – that means keeping pace with technological, regulatory, competitive and other forms of change.

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Would you like to discuss this or another topic with us? Click here. Ray Collis heads up the research & analytics team at Growth Pitstop - an organisation committed to sharing its research for the benefit of all. Running a podcast, a webinar or event? Ask Ray if he is available. You can connect with Ray on Linked in here. Got an idea of a topic you would like us to explore? Contact us here. See our editorial guidelines here.

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