{"id":7396,"date":"2020-09-16T06:55:01","date_gmt":"2020-09-16T11:55:01","guid":{"rendered":"https:\/\/flevy.com\/blog\/?p=7396"},"modified":"2021-01-22T09:07:06","modified_gmt":"2021-01-22T14:07:06","slug":"how-do-we-answer-the-fundamental-question-of-strategy-are-we-doing-the-right-things","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/how-do-we-answer-the-fundamental-question-of-strategy-are-we-doing-the-right-things\/","title":{"rendered":"How Do We Answer the Fundamental Question of Strategy: Are We Doing the Right Things?"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignright size-medium wp-image-7398\" src=\"https:\/\/flevy.com\/blog\/wp-content\/uploads\/2020\/09\/pexels-photo-3662875-200x300.jpeg\" alt=\"\" width=\"200\" height=\"300\" srcset=\"https:\/\/flevy.com\/blog\/wp-content\/uploads\/2020\/09\/pexels-photo-3662875-200x300.jpeg 200w, https:\/\/flevy.com\/blog\/wp-content\/uploads\/2020\/09\/pexels-photo-3662875.jpeg 500w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/>At its essence, management just seeks to answer 2 fundamental questions:<\/p>\n<ol>\n<li><em>Are we doing things right?<\/em><\/li>\n<li><em>Are we doing the right things?<\/em><\/li>\n<\/ol>\n<p>The first question is addressed through Operational Management. Operational Management frameworks include <a href=\"https:\/\/flevy.com\/business-toolkit\/total-quality-management\">Total Quality Management (TQM)<\/a>, <a href=\"https:\/\/flevy.com\/business-toolkit\/six-sigma\">Six Sigma<\/a>, <a href=\"https:\/\/flevy.com\/business-toolkit\/business-process-re-engineering\">Business Process Re-engineering (BPR)<\/a>, among numerous other <a href=\"https:\/\/flevy.com\/lean-six-sigma\">Lean Six Sigma tools<\/a>.<\/p>\n<p>The second is addressed through Strategic Management.<\/p>\n<p><em>The bulk of this article has been removed by the request of the author of this framework.<\/em><\/p>\n<h2>Do You Find Value in This Framework?<\/h2>\n<p>You can download in-depth presentations on this and hundreds of similar business frameworks from the\u00a0<a href=\"https:\/\/flevy.com\/pro\/library\">FlevyPro Library<\/a>.\u00a0<a href=\"https:\/\/flevy.com\/pro\">FlevyPro<\/a>\u00a0is trusted and utilized by 1000s of management consultants and corporate executives. Here\u2019s what some have to say:<\/p>\n<blockquote><p>\u201cMy FlevyPro subscription provides me with the most popular frameworks and decks in demand in today\u2019s market. They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions. I strongly recommend FlevyPro to any consultant serious about success.\u201d<\/p>\n<p>\u2013 Bill Branson, Founder at Strategic Business Architects<\/p><\/blockquote>\n<blockquote><p>\u201cAs a niche strategic consulting firm, Flevy and FlevyPro frameworks and documents are an on-going reference to help us structure our findings and recommendations to our clients as well as improve their clarity, strength, and visual power. For us, it is an invaluable resource to increase our impact and value.\u201d<\/p>\n<p>\u2013 David Coloma, Consulting Area Manager at Cynertia Consulting<\/p><\/blockquote>\n<blockquote><p>\u201cAs a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor the material for specific purposes helped us to make presentations, knowledge sharing, and toolkit development, which formed part of the overall program collateral. While FlevyPro contains resource material that any consultancy, project or delivery firm must have, it is an essential part of a small firm or independent consultant\u2019s toolbox.\u201d<\/p>\n<p>\u2013 Michael Duff, Managing Director at Change Strategy (UK)<\/p><\/blockquote>\n<blockquote><p>\u201cFlevyPro has been a brilliant resource for me, as an independent growth consultant, to access a vast knowledge bank of presentations to support my work with clients. In terms of RoI, the value I received from the very first presentation I downloaded paid for my subscription many times over! The quality of the decks available allows me to punch way above my weight \u2013 it\u2019s like having the resources of a Big 4 consultancy at your fingertips at a microscopic fraction of the overhead.\u201d<\/p>\n<p>\u2013 Roderick Cameron, Founding Partner at SGFE Ltd<\/p><\/blockquote>\n<blockquote><p>\u201cSeveral times a month, I browse FlevyPro for presentations relevant to the job challenge I have (I am a consultant). When the subject requires it, I explore further and buy from the Flevy Marketplace. On all occasions, I read them, analyze them. I take the most relevant and applicable ideas for my work; and, of course, all this translates to my and my clients\u2019 benefits.\u201d<\/p>\n<p>\u2013 Omar Hern\u00e1n Montes Parra, CEO at Quantum SFE<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>At its essence, management just seeks to answer 2 fundamental questions: Are we doing things right? Are we doing the right things? The first question is addressed through Operational Management. Operational Management frameworks include Total Quality Management (TQM), Six Sigma, Business Process Re-engineering (BPR), among numerous other Lean Six Sigma tools. The second is addressed&hellip;&nbsp;<a href=\"https:\/\/flevy.com\/blog\/how-do-we-answer-the-fundamental-question-of-strategy-are-we-doing-the-right-things\/\" rel=\"bookmark\"><span class=\"screen-reader-text\">How Do We Answer the Fundamental Question of Strategy: Are We Doing the Right Things?<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":7398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[408,81],"tags":[2170,1162,28,27],"class_list":["post-7396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management-leadership","category-strategy","tag-maturity","tag-maturity-model","tag-strategic-management","tag-strategic-planning"],"_links":{"self":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/7396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/comments?post=7396"}],"version-history":[{"count":4,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/7396\/revisions"}],"predecessor-version":[{"id":8478,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/posts\/7396\/revisions\/8478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media\/7398"}],"wp:attachment":[{"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/media?parent=7396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/categories?post=7396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flevy.com\/blog\/wp-json\/wp\/v2\/tags?post=7396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}