Symptoms of Strategy Misalignment
Business owner, “I feel that I am guiding the ship one way, but in reality, the ship is going in another direction.” Another business owner, “I feel that I am driving the car, holding on the wheel, but there is no car-it’s driving itself somewhere else.” Get the point?
Strategy
misalignment is subtle and sometimes difficult to spot. Yet without a properly
aligned business strategy, you are likely to introduce a serious dose of chaos
into the organizational environment.
Your business (or corporate) strategy is the blend of strategic goals that
support the mission and vision of an organization. When a corporate strategy is
aligned, the key outcomes (strategic goals) of the organization are in sync
with operations and execution tactics. In other words, all parts of the
organization’s eco-system (the sum of internal and external functions of an
organization’s environment) are moving in the same well-defined direction. When
strategy is misaligned, operational initiatives are out of sync with the
strategic goals of the organization, mission drift occurs within the operations
of the business.
It is critically
important to identify strategic misalignment early since misalignment can lead
to chaotic reactions. Uncorrected, problems compound quickly and lead to
serious issues within the organization.
Therefore, working with a business coach and/or mentor can really help
your business. They see it from a different point of view and get you to see
the misalignment in your business.
How do you know if your business strategy is aligned?
Look for these symptoms:
Financial
Projections are Missed:
While missed projections can be traced back to an array of different issues,
often the root cause is strategic misalignment. Why? Remember that strategy
alignment is the union between operations/execution and strategy. If
misaligned, you can imagine the types of non-strategic efforts that can occur
at a grass roots level in the organization as managers and workers attempt to
find their own direction. Over time you’ll find deadlines are not met within
operations, product launches or service lines are delayed, and all of this
directly impacts projected revenue streams.
Growth
is Stalled:
When organizations begin to misfire due to misalignment, initiatives required
to support and sustain profitable growth get into trouble. It’s not that the
leadership and rank-and-file employees don’t want to see growth occur. It is
that, despite their best intentions, they cannot sufficiently coordinate
efforts on their own to right the ship. Unfortunately, spotting this symptom is
difficult in situations where governance is already lax or missing altogether. This
is why the leader of the business must have an open dialogue with their
employees. Righting the course of the business requires the efforts of all
parts of the organization, but they must be working in concert together to do
it. Such a feat requires the ability to align strategy and execution through
and through.
Reactive
Spending and Duplicated Initiatives Occur:
When strategy is misaligned, company divisions can drift into a self-directed
mode that stray further and further from corporate goals. Reactive spending and
duplicity of initiatives might occur as a result of trying to increase sales
but spending redundant money. These unsynchronized activities begin to impact each
other, and desperation sets in, creating a vicious cycle of time and resources
being consumed. I.E. Paying a marketing company to do Pay Per Click ads for you
(PPC), and then doing your own PPC ads.
Cultural
Erosion and Morale Problems Appear:
We’ve already mentioned the chaos that occurs with strategy misalignment. This
chaos takes a toll on leaders and workers of the organization who share in a
profound dislike of organizational chaos. As a result, morale suffers. If you
notice an erosion of the corporate culture and morale problems, consider that
your strategy may be misaligned. If your employees do not understand your
culture, then your morale has already decreased. It is the leader’s
responsibility to maintain the culture of the business and keep it moving
forward.
Revenue
and/or Profitability Decline:
The bottom-line impact of strategy misalignment inevitably falls to the bottom
line. While revenue and profitability can decrease for a variety of reasons,
most of these reasons trace back to misalignment. Profitability suffers as a
result of any of the symptoms presented here, such as when new services or
products are delayed in roll-out because the initiatives to bring them to
market are unsuccessful.
How
to Address Strategy Misalignment:
Just as it takes time and effort to see results from strategy, re-instilling
strategy alignment and correcting misalignment requires time, work and
discipline. The situation didn’t occur overnight and won’t disappear overnight
either.
Look at your strategy, get a team of random employees, bring in an outside party (business coach/consultant), then lay out where the business is and to have them provide you input on what areas of the business are in misalignment.