Strategy & Innovation
Creating Strategic Resilience
Success can no longer rely on efficiency and the conservative milking of sacred cows. Now it is about resilience – the ability to dynamically innovate strategies, business models and value propositions in line with emerging conditions.
In the past executive leadership have had the luxury of assuming that business models were more or less immortal. Organizations might plan, but basically it was about getting better within ‘business as usual’. Today’s organizational environment is a stormy sea change of continuously emergent risk and reward that cannot be dealt with by static, set and forget plans. Strategic resilience is not about responding to a one-time crisis or rebounding from a setback. It’s about continually anticipating and adjusting to deep, long tail trends that can permanently impair the earning power of a core business, or abruptly force the devaluing of key assets.
To achieve strategic resilience executives needs to create a mindset, a behaviour and a norm for strategic planning in action (SPiA) where continuous and discontinuous change are embraced as new opportunities for strategically positioning new and existing business models to take advantage of change before change overwhelms the organization.
SPiA is a facet of the Resilient Futures Framework that may be used to achieve the same goals as traditional strategic planning, but is also designed to meet a very unique range of demands that organisations are now facing, and will increasingly be challenged by in the future.
SPiA provides for:
- Adaptive management - an integrated strategic and operational planning methodology specifically designed for highly responsive planning in fast changing times.
- A high degree of embedded resilience and risk management.
- Integration and management of strategic and operational plans.
- A structured environment for the development and execution of strategic projects.
- A process for development of strategic leadership skills, and continuous planning improvement.
- The involvement and collaboration of a wide network of people in the planning process.
- Providing participants with the tools to understand the changing world and become increasingly resilient in everything that they do.
SPiA is highly scalable and can be applied in simple or complex situations, and for all structures whether for a small team, department, an organization, community or state. SPiA has been applied to medium and large business organizations, departments, government agencies and communities.
SPiA strategy may be formulated through participation of a broad range of key stakeholders in a co-created manner to ensure a shared understanding, common methodology and language, and ownership of the strategy at a ‘grass-roots’ level. Whilst highly structured, it is not rigid in its application and allows a high degree of flexibility when applied.
For further information on how Resilient Futures might be able to assist you with strategy and innovation, please click on the How We Can Help section.
