How do you measure your business strategy? I know, what a horribly cliche sounding question. But seriously, how are you measuring what you do so you know what’s working and what’s broken? I came across a brilliant idea to create clarity in your business strategy by reading a book about none other than Google.
In the book “In The Plex. How Google thinks, works, and shapes our lives Steven Levy talks about how Google introduced the concept of outcomes and key results (OKR). John Doerr, one of the early Venture Capitalists who was an investor in Google, nudged them towards adopting the concept after Andy Grove at Intel also adopted a similar strategy to create clarity in their business strategy. The original idea of management by objectives came from a 1954 book written by Peter Drucker called ‘The Practice of Management’.
John Doerr later said; “Google not only adopted it, they embraced it.”
I’ve said it before and I’ll say it again, Practically Radical is one of the best books you’ll ever read on strategy. I’ve tried to give you a snippet of what you will learn in this fascinating read.
I don’t think most companies and organizations in Saskatchewan need an app. We’re still pretty far behind the technology curve. So if you think developing an app as your next strategic move, I’d look into it a little deeper. One organization that does have an app is the U of S, so obviously we need to ask the question; why doesn’t the University of Regina have one?
You now know how to assemble your hedgehog strategy it’s time to understand how you’ll be competing in the marketplace, or in our case the ocean.
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