Timing Strategic Change

always be alert to your changing environment to give yourself plenty of time to make changes

Avoid being pushed into a corner with limited options -- always be alert to your changing environment to give yourself plenty of time to make changes. The following guide posts can help identify if you are on track.

• Fast Track - Looking to surprise your competitors
• Off Track - Waiting to see what your competitors do before changing your strategy
• Fast Track - Looking to spot early signals that change might be needed
• Off Track - Leaving "changing strategy" on you long-term to-do list
• Fast Track - Thinking about your next strategic move when you are doing well
• Off Track - Taking success as a cue to rest on your laurels

ACTION POINT: Be aware of your market conditions and changing environment to stay on the fast track of strategic change.