Strategy execution requires a planning methodology that aligns the strategic goals of a company with the work performed by the whole team. Including investors, stakeholders & team members. With review processes happening weekly, monthly, quarterly & annually.
Start ups are validating a business model through an iterative process while also trying to reduce burn rate. For any size organization, people need to be reminded of – ''What am I working on? & Why am I working on this?'' Start Ups are asking ''What’s working, and how long is it going to work for?'' The following should be defined:
What is your Start – Ups...
1. Mission Statement / Vision?
2. 1, 2 or 3 year goal?
3. Tasks for the next 6 months?
Do we have the right tool to...
1. Capture new ideas and rank them?
2. Assign responsibilities & action items?
3. Quickly build a visual for investors on the progress we've made & in real time?
4. Use historical data to communicate why a pivot might be necessary?
Using the correct execution tool and framework from the get go, start up teams can better measure the business relentlessly. Making sure everybody is doing the right day-to-day objectives - to align with the overall goal.
