{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"How to avoid common mistakes with your business strategy, with author Jim Gitney","description":"If you\u2019ve ever had a strategic initiative fail at your organization and thought to yourself, \u201cWhat am I doing wrong as a leader?\u201d this episode is for you.  The truth is, most leaders end up with several failed strategies under their belt. The trick is to stop making the same mistakes and lean into some best practices for strategic planning that *actually* work.  There\u2019s no one better to teach leaders how to build that foundation and grow through strategy than our latest guest. Jim Gitney, the Founder and CEO of Group50\u00ae Consulting has 45 years of corporate and consulting experience working with over 200 companies in guiding them toward double-digit top line and bottom line growth.  Listen to the full conversation for more on the top mistakes business owners make when it comes to successful strategic initiatives, what the \u201cbusiness hierarchy of needs\u201d is (and what CEOs can learn from it), the downsides of having too many goals, how to align compensation structures in a way that encourages forward motion on your strategic initiatives, and much more. Here\u2019s a Glimpse of What You\u2019ll Learn:  Jim\u2019s background in strategic consulting, and more about his approach Why it\u2019s important to narrow focus when it comes to strategic objectives, instead of casting a wide net More about the \u201cfive whys\u201d exercise that Jim takes his clients through in order to establish what their most important goal is  How to break strategy down into fundamental elements that everyone within a business can understand and implement What the business hierarchy of needs is, and why having a strong foundation is so important to creating strategies that succeed  Statistics about why strategies fail  Why mid-level managers typically hold strategic initiatives back How to correlate compensation structures with successful strategies, and why those systems can\u2019t be just about money How to know when a strategic initiative is going to make an actual impact and really move the dial The biggest things that businesses struggle with when it comes to moving major initiatives forward Why every business leader should be able to answer three questions about their strategies: \u201cFrom what,\u201d \u201cto what\u201d and \u201cby when\u201d Why business is done horizontally, not vertically How Jim and his team measure success internally Resources Mentioned in This Episode: Strategy Realized website Group50 Consulting Jim Gitney on LinkedIn \u201cStrategy Realized - The Business Hierarchy of Needs: Turning Strategy Into Results\u201d by Jim Gitney Jim Gitney on YouTube \u201cThe Premonition: A Pandemic Story\u201d by Michael Lewis 40 Strategy Contact 40 Strategy Carl J. Cox on LinkedIn   ","author_name":"Measure Success Podcast","author_url":"http:\/\/measuresuccess.libsyn.com\/website","html":"