Strategic Direction: Step 3 of your epic strategy
A great strategy is a great story. Based on the story of the hero’s journey, in my first article,3 Essential Elements to Epic Strategy,I introduced...
A VISION should set your course and define what you want to see when you arrive at your future destination. It should be deeply inspiring, compelling, and motivating. If you have written a business plan or completed a strategic planning process, you have drafted a vision statement.
So, does your vision provide the inspiration you expected? Do you view it as a power tool in your strategic management toolkit? No, not really?
I have been surprised to find visions often fail to do their job. This sent me on a mission to discover the cause of these lame visions. Here are two.
Here are two frequent causes I found in underpowered visions.
1. The Sum of All Parts Vision
The sum-of-all-part vision results from setting a vision based on bundling a series of goals that reflect what a company hopes to accomplish over the coming months or years. This method of building a shared vision is an attempt to tie together current thinking into a nice big package in the hopes that it will excite like the biggest package under the Christmas tree. When it fails to inspire awe or attract a higher level of engagement, leaders complain and express doubt that a strong vision can provide any real advantage in their success.
The missing ingredient here is
2. The “BHAG” Vision
Another type of vision I see coming up lame is a vision that is an overly simplified, far-reaching goal. This fits into the BHAG (Big, Hairy, Audacious Goal) category.
In this case, a BHAG has been incorrectly used as a short-cut to the challenging strategy development work. When a leader or a leadership team takes the BHAG approach, it often ignites a desire among their employees to achieve the unachievable. Without a story of how the unreachable might be reached over time, the unveiling of the BHAG vision is confused. It raises more questions than management can answer effectively, frustrating everyone.
The BHAG concept, coined by Collins and Porras in 1994, is not a visioning methodology. It is the concept that once you have crafted a compelling vision for a far off future (typically one in which no one creating the vision will be around to experience it) you distill the essence of the vision into a rallying cry to motivate focus of individuals on the ideal, long-range end-state. If you have not crafted a robust vision first, then your rallying cry will be too hollow to do anything powerful for you.
In both cases, the effort to produce a compelling and motivating vision fails to produce these results. The reality is that creating a holistic, motivating, and truly compelling vision requires time. It also requires a different mindset from the challenges management teams face day in and day out. It requires new thinking carefully crafted and integrated for a new and captivating view of the future; it requires strategic thinking.
If your organization lacks the inspiration to fuel performance, or if you want to develop a compelling strategic direction, contact us.
A great strategy is a great story. Based on the story of the hero’s journey, in my first article,3 Essential Elements to Epic Strategy,I introduced...
Strategic planning demands a fundamentally different mindset than day-to-day management. While managers excel at solving immediate problems through...
A great strategy is a great story. Based on the story of the hero’s journey, in my first article, 3 Essential Elements to Epic Strategy, I introduced...