Marakon measured what everybody already knows:
- A typical company’s senior executives spend less than three days each month working together as a team
- In that time, they devote less than three hours to strategic issues.
- Moreover, these three hours are seldom well spent.
Strategy discussions tend to be diffuse and unstructured, only rarely designed to reach good decisions quickly.
BOTTOMLINE: Marakon suggests the following seven techniques for exploiting the valuable time executives spend on discussions concerning strategy:
- Deal with operations separately from strategy
- Focus on decisions, not on discussions
- Measure the real value of every item on the agenda
- Get issues off the agenda as quickly as possible
- Put real choices on the table
- Adopt common decision-making processes and standards
- Make decisions stick