Strategy projects: involve teams of people assigned to work on particular strategic issues over a defined period of time. Projects can be instituted to explore problems or opportunities or they can implement agreed elements of a strategy. Translating a strategy plan or workshop into a set of projects is a good means of ensuring that intentions are turned into action. Strategy projects need:
- A clear brief or mandate: project’s objectives should be agreed and carefully managed.
- Top management commitment
- Milestones and reviews: with an agreed schedule of intermediate achievements these allow project review and adjustment where necessary as well as a measure of ongoing success.
- Appropriate resources: the key resource is usually people. The right mix of skills needs to be invested in team building at the outset.
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