The article discusses how organisations can effectively manage multiple strategic priorities by establishing dedicated business units or centres of excellence. This approach helps streamline various objectives simultaneously, enhancing value creation while operating with limited resources.
The Rationale for Strategic Stand-Ups
With an increasing number of priorities for today’s executives, organisations must creatively achieve more with less. A strategic stand-up can help consolidate various initiatives into a single, focused endeavor. The article outlines why and how to pursue this approach, identifying essential facilitators that contribute to successful value creation.
Key Points
- 62% of CEOs prioritise growth for 2025, amidst a multitude of competing initiatives.
- Successful organisations are merging several strategic objectives into one initiative by forming dedicated business units.
- A financial services case study illustrates the benefits of creating a new business unit to streamline operations and drive efficiencies.
- The strategy to pursue a stand-up requires rigorous phases ranging from feasibility assessment to normalization.
- The normalisation phase is crucial for achieving steady state and operational accountability over time.
Why should I read this?
This article is a must-read for anyone involved in executive decision-making or strategic planning. It offers practical insights on how to effectively juggle multiple business objectives and optimise organisational efficiency. If you’ve ever felt overwhelmed by competing priorities, this piece has got your back! We’ve broken down a complex process into clear, actionable steps so you can save time and drive value more efficiently.
