Build An Eco-system That Works
Overcoming challenges isn’t just a series of unrelated tasks. All the players in the ecosystem – the talent, the market, the financing, stakeholder buy-in – must be integrated into your overall strategy. The Harvard Business Review puts it simply: “Strategically aligned enterprises have a much better chance of winning in today’s challenging business environment*.”
To do that, you need to make sure that no one works in a silo; that you have a cohesive strategy and that your entire organization – HR, R&D, and finance – understands it.
Externally, too, your ecosystem must be connected: from your talent search to your academic partnerships to your funding quest – all need to be seamlessly integrated. And the final key piece? Make sure your internal strategies and your external strategies are aligned.
*How Aligned Is Your Organization, HBR, February 2017