Blue Ocean Strategy
Team management
Implement a fair process to build execution into strategy
from Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant by W. Chan Kim
How to Apply This
- ** Encourage active participation.**
Encourage active participation and input from employees and external stakeholders in the decision-making process. This helps build a sense of ownership and accountability, and ensures that everyone's perspectives are taken into consideration. - ** Explain the reasons behind the strategic shift.**
Clearly communicate the reasons behind the strategic shift and what it entails. This helps everyone understand the context, goals, and expectations and eliminates confusion or misunderstandings. - ** Clarify expectations.**
Define what's expected of employees and stakeholders, including their roles and responsibilities, and make sure everyone is on the same page. - ** Be transparent.**
Be open and honest about the trade-offs involved in the new strategy and how decisions were made. This helps build trust and confidence in the process. - ** Provide feedback.**
Encourage two-way communication and provide regular feedback to ensure that everyone is on track and that any issues are addressed in a timely manner. - ** Give recognition.**
Acknowledge and reward employees for their contributions, both intellectually and emotionally. This helps to motivate and inspire people to give their all.
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