What does ChatGPT know about strategy?
Although that is not exactly what I asked, you do get a polite answer with 7 points and a request to ask a more detailed question.
What I wanted to know is what ChatGPT would reply to the question:
“Why is strategy important for a business?”
The reply was brilliant, with eight succinctly described points followed by the following conclusion:
𝘐𝘯 𝘦𝘴𝘴𝘦𝘯𝘤𝘦, 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘺 𝘴𝘦𝘳𝘷𝘦𝘴 𝘢𝘴 𝘢 𝘳𝘰𝘢𝘥𝘮𝘢𝘱 𝘵𝘩𝘢𝘵 𝘨𝘶𝘪𝘥𝘦𝘴 𝘢 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘵𝘰𝘸𝘢𝘳𝘥𝘴 𝘪𝘵𝘴 𝒅𝒆𝒔𝒊𝒓𝒆𝒅 𝒇𝒖𝒕𝒖𝒓𝒆 𝘴𝘵𝘢𝘵𝘦, 𝘮𝘢𝘹𝘪𝘮𝘪𝘻𝘦𝘴 𝘪𝘵𝘴 𝒄𝒐𝒎𝒑𝒆𝒕𝒊𝒕𝒊𝒗𝒆 𝒂𝒅𝒗𝒂𝒏𝒕𝒂𝒈𝒆, 𝘢𝘯𝘥 𝘦𝘯𝘴𝘶𝘳𝘦𝘴 𝘴𝘶𝘴𝘵𝘢𝘪𝘯𝘢𝘣𝘭𝘦 𝒈𝒓𝒐𝒘𝒕𝒉 𝘢𝘯𝘥 𝘴𝘶𝘤𝘤𝘦𝘴𝘴.
The above highlighters point to a desired future, competitive advantage, and growth, which sums it all up. If your strategic plan does not cater for at least these three elements, I would like to put up a RED flag. Sure, strategy can be more than this, but if you review your plan, you need to be clear on these three questions:
1. What does the future of our business look like?
2. Why should clients choose us (and not our competitor)?
3. How do we measure and ensure growth?
Kudos to Keegor's executive team for crafting their strategic plan last week. Off-site is always best, away from the engine room.
𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐡𝐨𝐰 𝐦𝐲 𝐭𝐞𝐚𝐦 𝐚𝐧𝐝 𝐈 𝐜𝐚𝐧 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮𝐫 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐬𝐮𝐜𝐜𝐞𝐞𝐝 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐨𝐫 𝐜𝐫𝐚𝐟𝐭𝐢𝐧𝐠 𝐍𝐱𝐭𝐋𝐞𝐯𝐞𝐥™ 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐥𝐚𝐧𝐬, 𝐩𝐥𝐞𝐚𝐬𝐞 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐦𝐞 𝐞𝐢𝐭𝐡𝐞𝐫 𝐚𝐭 𝟎𝟏𝟏𝟒𝟔𝟓 𝟐𝟗𝟗𝟎 𝐨𝐫 𝐚𝐭 𝐣𝐚𝐜𝐪𝐮𝐞𝐬@𝐧𝐱𝐭𝐥𝐞𝐯𝐞𝐥𝐜𝐨𝐚𝐜𝐡.𝐜𝐨.𝐳𝐚.
#leadership #strategy #strategicplanning #businesscoaching #nxtlevelbusinesscoaching
Keegor
