One of the greatest challenges I face as an executive coach is to help leaders see the difference in operational efficiency and strategic initiatives.  Improvement in process and profit margin is extremely important but so is spending time on innovation and creativity.  If you are always working on the margins of incremental improvement you will eventually lose your competitive advantage.  This HBR post is very helpful:

“If you’ve ever received feedback that you “need to be more strategic,” you know how frustrating it can feel. To add insult to injury, the feedback rarely comes with any concrete guidance on what to do about it. One of my coaching clients, Lisa, a vice president of HR, was in this situation and explains, “I was just told to think bigger picture and to be more strategic.”

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Categories: Strategy

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