Many businesses across the country are facing an existential threat. For some, it's already too late. With unemployment soaring and the hopes of recovery dimming for millions of businesses, leaders need to rethink many aspects of how they will do business going forward and they need to do it now. They’ll need new strategies for customers and customer experience, sales and marketing, labor and talent acquisition, healthcare and employee benefits, cashflow and capital, and others since the underlying assumptions in each of these has changed. In some cases, perhaps many, fundamental value propositions and business models will need rethinking.
Business leaders, government officials and healthcare advisors are now beginning to debate opening the economy back up. Many economic advisors are warning the reboot needs to start now because all indications are that waiting too long will plummet the country into an unprecedented recession for the balance of 2020 and into 2021 which has also been shown to have serious health and mortality risks.
Many leaders don’t really have time right now for a typical strategy session. And it’s also likely guidelines for social distancing and restrictions on gatherings (e.g., group meetings) will remain in place in some form for a while. So, instead of a traditional strategy development effort with one or two all-day team meetings, leaders develop necessary strategies in a series of 7 collaborative sprints: short virtual meetings that accommodate teams working remotely. Strategies are developed in a series of virtual meetings with scripted assignments completed between virtual sessions.
The ThinkPoints strategy web app was built to accommodate a distributed workforce. Combined with the new sprint process and a video conferencing service like Zoom, WebEx or GoToMeeting, team members can discuss, contribute and build a strategy together while working remotely. Between meetings, team members do their own research and preparation for the next leg of the sprint. The entire process can be run efficiently and effectively in a series of 7 meetings while allowing time for other responsibilities.
Current clients: Contact us now to set up your first strategy sprint. We will facilitate your first time through the process. Once you complete your first sprint, you can decide if you want our guidance for subsequent sprints.
New clients: Contact us now to set up a ThinkPoints® strategy sprint. There is only one additional step to get you set up as a client, subscribed and trained to use ThinkPoints®.