A lot of my consulting practice revolves around helping super-early start-ups understand where they are, what their strategy looks like, and where the holes are. This is an activity that takes anywhere from 2-4 hours that is the most efficient way to get a founding team to articulate the beliefs that have formed as they've built the company. I do this with every client, and the results are always powerful -- for me as their advisor, but moreover for the team, who leaves with a "forest for the treas" clarity, and alignment around priorities and goals.
Investment in The Coconut Industry by Nancy Cheruiyot
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Sticky Strategy
1. ENTREPRENEURâS TOOLBOX:
Use Sticky Notes To DeďŹne
Your Strategy Quickly.
Janice Fraser
Presidio School of Business
Strategy Residency
February 2010
janice@twotopLabs.com
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2. WHAT SLOWS TEAMS
⢠Making decisions ⢠Being âin the weedsâ
⢠Not making decisions ⢠âForest/Trees
⢠Disagreements ⢠âAnalysis Paralysisâ
⢠Negotiation ⢠Forgetting to move on
⢠Talking ⢠Not seeing that you already
agree
⢠Not Listening
⢠Not noticing that you need to
⢠Meetings make a decision(!)
(c) 2010 Janice Fraser janice@twotopLabs.com 2
4. WHERE YOU (PRESIDIO STUDENTS)
ARE (IN YOUR PROJECTS) ...
⢠Answering questions: ⢠Early in the process:
⢠What does the company do ⢠Perhaps only one meeting
(in terms of Mission)? with Partner
⢠Who else does it? ⢠Scoping doc is done
⢠Whatâs the differentiator? ⢠Developing the workplan
(c) 2010 Janice Fraser janice@twotopLabs.com 4
5. HOW-TO #1
⢠Supplies matter: Have a lot of regular size stickies & ďŹne
point Sharpies. (limits the number of words per sticky)
⢠Write one idea per sticky.
⢠Create as many stickies as you can, quickly. (10-30mins)
⢠Each person makes one big pile of stickies without regard
for whether theyâre right, good, cohesive, or useful.
⢠THE RESEARCH QUESTION IS... âWrite down everything
you know about the companyâs strategy.â
(c) 2010 Janice Fraser janice@twotopLabs.com 5
6. HOW-TO #2
⢠Together, sort all of the stickies into clusters. (ideal
group size is 3-4)
⢠Talk a lot.
⢠Name the clusters. (Use a different color sticky.)
⢠Look over the whole the story created by the
clusters. Notice gaps, trends, disagreements.
⢠Talk a lot.
(c) 2010 Janice Fraser janice@twotopLabs.com 6
7. WHAT WEâRE DOING
Extracting from people the beliefs, ideas, and
instincts about the business,
...So that we can deconstruct them,
...So that we can identify patterns and
recognize gaps and disagreements,
...In order to see the storyline clearly.
(c) 2010 Janice Fraser janice@twotopLabs.com 7
9. WHAT ITâS GOOD FOR
⢠Distill knowledge.
⢠Reveal gut instincts.
⢠Operational EfďŹciencies.
Fast progress
Creating a shared understanding (!!!)
Seeing agreements (fewer decisions to make)
Knowing where you need to do more work
See all points of view at once, integrated
Rounds out the collective view of the problem space
(c) 2010 Janice Fraser janice@twotopLabs.com 9
10. NOT A REPLACEMENT FOR...
⢠Research
⢠Analysis
⢠Business plan
⢠Meaningful debates
(c) 2010 Janice Fraser janice@twotopLabs.com 10
11. FACILITATOR
⢠Encourage a lot of stickies.
⢠Encourage fewer words per sticky -- if it doesnât ďŹt, itâs more
than one idea.
⢠Encourage discussion during clustering -- this is the real value-
creating activity.
⢠Put multiples together, noting the agreement.
(c) 2010 Janice Fraser janice@twotopLabs.com 11