How the Mindset Manages the Strategy

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Caroline Taich can help you improve your strategic planning process by understanding what drives the differences in the team’s expectations. 

Much of my work involves strategic planning. Over the years I have observed that there are different kinds of strategic plans, and different views on what constitutes an excellent plan. This can lead to trouble when it comes with a mismatch of expectations within one team.

I wonder, why is there so much difference? There is probably a long list of reasons. You could argue that variability occurs because the strategy sector does not provide standards like other professions do. You could argue it’s a resource constraint issue – some have more resources to invest in planning, others have less; this affects the workplan, and thus the results.

In my view, though, one of most important drivers of difference is mindset.

Leaders with a strong appetite for change to have a “Growth mindset.” They find themselves aching for more. Some want to serve their base in a new or different way. Some want to solve for a disruption, like a new competitor or even a new CEO. All want to significantly increase their impact. These leaders value a strategic plan with components that include a deep understanding of their target market, current market trends, lessons from others in and outside of the field. They are looking to make a case for change, and new models to realize it.

 

Key points covered include:

  • The growth mindset
  • The operational mindset

 

Read the full article, How to avoid a critical mistake when setting up your strategic planning process, on the Kirtland Consulting website.