These are the five keys for long-term business success, as summarized by Willie Pietersen in his excellent book Strategic Learning.
If you think about it deeply, you see that this framework brings together the most powerful concepts into a very simple framework.
- Vision: Clarity of focus
- Strategy: A unique point of difference that creates superior value for customers and shareholders
- People: A motivated workforce
- Tactical Excellence: Operational effectiveness, coupled with strong financial disciplines
- Innovation: The capacity for change and renewal