What are some key strategies for building a sustainable business model using strategic leadership?

4 Implement your strategy

Your strategy is the plan of action you take to achieve your purpose and goals. It should be aligned with your value proposition and environment, as well as with your mission and vision. You need to implement your strategy in a way that is flexible, agile, and responsive to the changing conditions and feedback. You also need to monitor and measure your progress and results, and make adjustments as needed. You need to involve and empower your team members, stakeholders, and partners in the implementation process.

5 Foster your culture

Your culture is the set of beliefs, values, norms, and behaviors that shape how your organization operates and interacts. It influences your performance, innovation, collaboration, and reputation. You need to foster a culture that supports your purpose, strategy, and value proposition, as well as the well-being and development of your people. You need to create a culture that is inclusive, diverse, ethical, and transparent. You also need to nurture a culture that is adaptable, resilient, and learning-oriented.

6 Engage your stakeholders

Your stakeholders are the individuals and groups who have an interest or influence in your business activities and outcomes. They include your customers, employees, investors, suppliers, regulators, competitors, media, and society. You need to engage your stakeholders in a way that builds trust, loyalty, and collaboration. You need to listen to their feedback, expectations, and concerns, and address them proactively and respectfully. You also need to share your vision, values, and achievements, and inspire them to join your journey.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?