Strategy and Situation Flashcards
1
Q
Questions to ask myself when deciding on strategy
A
What kind of change is required?
What kind of leader will I be to make the change?
2
Q
STARS acronym meaning
A
Start-up
Turnaround
Accelerated growth
Realignment
Sustaining success
3
Q
How to align the STARS approach to your new org?
A
Think critically about the percentage of org fits into each category of STARS.
4
Q
Strategy of managing yourself in a turnaround vs. realignment.
A
Turnaround needs a hero leader who can find issues quickly and act.
Realignment needs a stewart that requires careful planning and consensus.
5
Q
How is rewarding success different among STAR?
A
Success is harder to identify in a turnaround or alignment because it might be quantified as something bad didn’t happen.
