A SLOW strategy is slow to; develop, implement, adapt and ultimately succeed. Yet they are in the majority. Here we spell out what a SLOW strategy involves.
The acronym ‘SLOW’ is a useful checklist – use it to gauge the effectiveness of your strategy.
The ‘S’ in ‘SLOW’ stands for status quo – that is because it is all to easy to stay stuck in the past – tied to an outdated formula for success. It also stands for senior management – that is the select few senior managers who create the strategy and a key reason why strategies fail to get implemented. It also stands for a number of other serious shortcomings:
The ‘L’ in ‘SLOW’ stands for lots of talk and little action – a common hallmark of a poor strategy. It also stands for linear, logical or left brained – a key reason why many strategies lack sufficient innovation or imagination.
The ‘O’ in ‘SLOW’ stands for obstacles to implementation and its root cause – that is limited ownership.
The ‘W’ in ‘SLOW’ goes to the heart of the problem with many strategies – they don’t get work or are weak on implementation.
Here is a one-page summary of what SLOW means: