No business plan goes unchallenged and the true test of any strategy lies in its formation which is a matter of clear adaptive leadership, according to 8x8 commissioned speaker Kevin Uphill, Chairman of business strategist Avondale.
He urged delegates to move from management to leadership, map the line of probability, explore parallel sectors, make decisions more collaboratively, and watch and listen with eyes and ears wide open.
Why? Because too many businesses are stripped of proper long-term planning according to Uphill who prescribed a remedy to bring strategy back to the boardroom table.
In a keynote address to Comms Vision delegates he praised those leaders who are determined to transform their business and defy 'default' behaviours.
"The market is accelerating and we need to deal with that pace of change through strategy, so leadership is important," he stated. "As leaders, bring the team with you, give staff 'permission' with clear roles and responsibilities. Take time out on business design, always ask why you're better than competitors and articulate that succinctly to customers."
Uphill presented plenty of evidence to show that one form of leadership does better than others - mainly by inserting clear space between day-to-day management activities to create conditions that meet the requirements of true leadership.
From this space will emanate the building blocks needed to construct a viable long-term strategy that delivers a competitive advantage in a fast changing market.
"Get into the strategy space," urged Uphill. "Many leaders avoid this move because it's uncomfortable, less certain, hands-off and doesn't feel like work.
"To take practical leadership steps we must put ourselves aside, listen and watch more carefully, and dedicate more time to competitor analysis.
"By researching our environment we can overlay the macro and micro picture which helps us to identify the line of probability which in turn determines how we can take advantage."
The market is converging, getting faster and smarter, software is nibbling at margins, and resellers will struggle to bring value if they talk to customers from a product perspective.
They must become idea businesses as opposed to product focused operations, believes Uphill. And with no clear strategy they may struggle to communicate why they are better than the alternatives.
"Look at consultancy models," he added. "What does the customer really want? How are they operating collaboratively? What silos need to be removed to create an overall technology roadmap?"
Uphill also urged delegates to consider whether they need to pursue acquisitions as part of their strategy. "The M&A sector is alive with activity because of general slow growth," he said. "There are too many businesses offering the same services with diminishing margins. Acquire companies that together will create disruption, which in turn generates shareholder value."