Ready, aim, fire: Setting a business strategy for long-term success

Andy Coleman on why a clear business strategy will ultimately hit the target with clients

clock

Andy Coleman on why a clear business strategy will ultimately hit the target with clients

  My last article for PA looked at the core questions that can help an adviser firm determine its future course for success. Now you've got an idea of what direction you want to go in, how do you go about getting there? The 'how' is a crucial question. In a 1999 Fortune magazine article, Why CEOs fail, Ram Charan and Geoff Colvin famously stated: "Organisations fail to successfully implement strategy not because of bad strategy but because of bad execution." It has subsequently been claimed that nine out of ten strategies fail because of poor implementation.   Clear strategy ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Adviser tips

Editor's View: The consolidation news keeps on coming

Editor's View: The consolidation news keeps on coming

The editor's Friday Night Takeaway from 19 April

Hope Coumbe
clock 19 April 2024 • 1 min read
IFAs must grasp gender differences to grow female client base

IFAs must grasp gender differences to grow female client base

IFAs must communicate differently to build trust with female clients

Jenna Brown
clock 17 April 2024 • 2 min read
Editor's View: Is all this talk of bonds giving you whiplash?

Editor's View: Is all this talk of bonds giving you whiplash?

The editor's Friday Night Takeaway from 12 April

Hope Coumbe
clock 12 April 2024 • 1 min read