Mark Faust

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How it can turn around a company and accelerate innovation
You can do a handful of things to greatly improve your odds of “getting all you can out of all you’ve got.”
The process involves your team identifying and agreeing on two areas: your strongest points of defensible competitive advantage and your competition’s weakest points of vulnerability.
It sounds so basic, yet most companies have significant gaps in sharing and clarifying their missions.
Build innovation into your plans as a high priority, and your team will make innovation a priority.
Solve problems by finding inspiration outside the norm
Think back to a time when your back was against the wall. To others, it may have looked like all hope was lost. Many would have given up, but you didn’t. You pressed on, and your persistence was paid off with success.
The crisis and pain of procrastination are gifts. Think of them as an alarm bell. When it sounds, you know you need to engage in a relationship that will allow you to focus on what you enjoy most and are best at doing.
In dozens of turnarounds, I have participated firsthand in facilitating negotiations, strategic thinking, innovation and performance improvement dialogues with vendors.
Here are top tips on setting strategic goals and asking tactical innovation planning questions.