In The Strategist, author Cynthia Montgomery introduced the Strategy Wheel as a framework that visualizes and records how a system of value creation supports an organization’s purpose. While I prefer using the Purpose Pyramid and Strategy Map for formulating strategic plans, the Strategy Wheel presents a holistic view of the business in one picture showing how all the parts of the business are strategically aligned. With a few minor tweaks, I think this tool can be a great way for a business leader to “keep their eye” on all aspects of strategy execution.Strategy
Read the full article in which introduce the Strategy Wheel and the minor tweaks I’d add as well as extend an example I’ve used before to demonstrate how a leadership team could use the framework for regular strategic reviews.