According to a recent article in Forbes magazine, there are a number of elements that successful CSI initiatives have in common. These include a clear theory of change, quality and depth of information, concentrated effort and expert partnerships.
Shifts in Strategy for 2016 and Beyond (Part One)
It is truly an age-old industry dispute: the value of strategy and planning versus the value of implementation and creativity. In spite of the various arguments put forth by both camps in the past, contemporary opinion within the industry is pointing to the fact that both of these areas have a critical role to play in the fields of marketing and communication.
Strategy, planning, implementation and creativity are all heavily reliant on each other. For without a sound strategy, there is no foundation upon which to execute relevant and resonant creative work. And without inspiring and timeous creative execution, there is no visible or audible manifestation of the strategy beyond the boardroom and into the minds and hearts of consumers.
In recent years, this debate has gained further traction, with more and more corporates, marketers and creative agencies re-assessing (and realising) the importance of strategy as a key driver of both brand and business value. While this is certainly a step in the right direction for an industry in which silo mentalities and conflicting agendas have sadly been all too prevalent in years gone by, it also comes with an awareness that the field of strategic planning (as we have traditionally understood it) is undergoing and will continue to undergo constant redefinition as both a business tool and a process.
As such, it is crucial that we bear in mind the changing role of strategy in todays world one in which the time-honoured theories, methods, techniques and rules of yesteryear are rapidly becoming outmoded. A recent report by Stanford Social Innovation Reviewsums this up succinctly, drawing on the words of Dwight E. Eisenhower, who was once quoted as saying: Plans are useless, but planning is everything.
In order to ensure relevance in a rapidly changing world, we thus need to afford greater consideration to the shifting role of strategy and the ways in which we build brand and communication strategies going forward. Against this backdrop, in Part One of this article I look at the first of six of the key shifts that are shaping the field of strategic planning in 2016 and beyond.
Strategic shift: The rise of the micro-strategy
In todays dynamic and increasingly volatile marketplace, there is a growing imperative for strategic planning to be more agile, more responsive and more adaptive. This notion forms the crux of the so-called micro-strategy, which postulates a much shorter-term view of the strategic way forward whilst simultaneously remaining flexible enough to be modified as and when often unpredictable changes within a brands macro-, meso- and/or micro-environments occur.
Bearing in mind the fact that we can no longer treat the pastas a reliable predictor of the future, the exponential advancements we are witnessing in technology and the ever-increasing narrowing of time gaps between major market shifts, it is evident that the era of the rigidly defined strategic plan is coming to an end. As such, going forward, strategies (and strategists) will need to become ever more adaptable and geared towards the present and immediate future. Constant reorientation will be key in this regard!
As organisations continue to grow more decentralised in nature, planning will no longer happen in isolation. To this end, we will need to ensure that strategy, creative and customers remain aligned (and engaged) throughout.
That wraps up Part One of Shifts in Strategy for 2016 and Beyond. In Part Two well look at Small Data as the Missing Link, Paying attention to the Outliers, Overcoming the Digital Backlash and more.
Mike Dos Santos
The Strategy Department
At The Strategy Department we develop clear strategies that give brands a strong foundation on which to grow. With our combined experience across multiple industries and channels, we build strategies that deliver measurable results.
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