Week 7: The Strategic Compass

Question 1

From individual to corporate purpose

Answer 1

Individual: Self, others, context (VENN)
Team: Team, Organization, context (VENN)
Organization: Organization, external stakeholders, context (VENN)

Question 2

S2 Corporate purposes - reflections. All organisations have a purpose , the question for leaders is what level of purpose they choose: S1 or S2?

Answer 2

The principal audience of purpose is internal, it is not principally a pseudo marketing campaign for external stakeholders, customers or investors - although it can form part of the communications later on, when it is genuinely being lived. It is a question of timing and authenticity.

Question 3

S2 Corporate purposes - reflections

Answer 3

A S2 purpose is not a means to an end, it is not another way to motivate your staff to achieve greater profits. A S2 purpose is an end in itself, a completely meaningful reason for you to engage in the work of the organisation.

Question 4

S2 Corporate purposes - reflections

Answer 4

A S2 purpose can be lived each day, and is not a hostage to a future outcome. It is present -moment. One can fulfil a purpose and miss a goal or outcome.

Question 5

S2 Corporate purposes - reflections

Answer 5

It provides meaning for the work that is undertaken.
It guides both tactical and strategic choices.

Question 6

The Strategic Compass

Answer 6

Not a new tool, but a different way of using existing tools.

Question 7

The Strategic Compass

Answer 7

An integrated way, to ensure
* that strategy design is not only methodologically correct, but also grounded on a solid foundation of shared purpose
* that strategy deployment is executed in alignment with the chosen purpose and values

Question 8

3 fundamental questions

Answer 8

WHAT?: VISION, SCOPE, IDENTITY, GOALS
HOW?: VALUE CREATION MODEL, CULTURE, STRATEGY, AND STRAT. IMPLEMENTATION
WHY?: VALUES, PURPOSE
Default pattern: moving horizontally
Moving vertically: the key to purposeful strategies