Executing Strategy
It's the management tool that aligns vision, strategy and tactics using a "X" matrix
What is strategic goal deployment?
The value creation equation
What is top line growth + margin expansion through execution + productive use of capital?
The two dimensions of the strategic thinking framework
What are long term orientation & broad perspective / imagination?
Types of questions to which we really don't know the answer
What is genuine?
Two of the three competencies companies need to manager uncertainty
What are Predictive, Agile, and Resilient?
Dover's capital allocation priorities
What is invest organically, grow through acquisitions and return capital?
The role you must occasionally get out of to be an effective strategic thinker
What is an Operator?
Good strategic questions cause you to reflect on issues which leads to better these
What are decisions or outcomes?
% of companies that claim they are effective at both developing and executing their company's strategies
What is 8%?
Total spend on acquisitions by Dover since 2018
What is approximately $3billion?
The position you occupy in the strategic landscape if your perspective is narrow but you are using a future time horizon
What is a planner?
Two of the five reasons it's hard to frame strategic questions.
What are 1) childhood 2) education 3) western culture 4) business focus 5) rewards
Two of four tenants of strategy execution
What are 1) Focused strategy 2) Effective change management 3) Clear accountabilities 4) Agile monitoring and control?
Percentage of capital allocation Dover spends on share repurchases
What is 30%?
These cause you to "rewrite the hard disk in your mind"
What are insights?
Four of the characteristics of a good strategic question
1. Simple & clear
2. Open ended
3. Doesn’t contain solution
4. Focused inquiry
5. Thought provoking
6. Genuine
7. Draws us into discovery
8. Surfaces assumptions
9. Opens new possibilities
$20B company whose execution is lead by DBS
What is Danaher?
One of the Bull views for Dover in the market.
What is 1) Underappreciated quality of businesses and organic growth potential 2) Strong execution and margin improvement runway 3) M&A opportunities in multiple markets and financial capacity to do deals
The foundation of pyramid for the 5 strategic thinking disciples
What is time?
Ken Coleman quote, “good questions inform, great questions” do this
What is transform?