Consistent Performance is what sets a good company apart from the rest. To maintain this level, they must focus on 3 things, Strategy, Capability & Culture.
Strategic planning gives a clear purpose to the organization. Fundamentally, it’s about where you are now, where do you wish to be? And how do you plan to get there. With this simple process, organizations can develop what moves & approaches will be employed to gain the advantage over competitors, deliver value in the most effective & efficient way, & maintain momentum.
A company’s value is created through what it does (its capabilities) rather than what it has or sells. Business success is not only about brilliant products & services. Only when an organization has identified what they are great at & how this greatness matches with market needs do they have a value creating strategy to deliver a desired outcome.
Once strategy & capability are optimized, a distinct workplace culture evolves. This affects how people behave, interact, & carry out their jobs. Furthermore, when this aligns with employees’ expectations, they’re more likely to feel comfortable, supported & valued.
Organizations with a defined strategy, differentiating capability, & strong culture will inevitably outperform others & achieve consistent performance.