Here's how you can enhance your strategic thinking and decision-making with peer feedback.

It is especially important for legal, an enabling function, to engage with peers in other enabling functions, such as finance and human resources, and business clients to ensure all perspectives and relevant facts and stakeholders are identified prior to providing legal guidance. Based on my experience, organizations that focus on eliminating silos and enhancing communication among peers will be more successful than those that don't prioritize this approach.

Have found peer insights to be really powerful - as it helps in understanding the issue and looking at solutions with a completely different perspective. Still remember how one team created one of the best, forward looking, diabetic health drinks in India - when a cardiologist from R&D was allowed to work directly with patients and consumers. This was unlike the well accepted norm of consumer and patient interactions being owned by a very different function. Avoid death through silos.

When dealing with bottlenecks, it’s crucial to broaden your perspective to find effective solutions. Often, being "in the weeds" can narrow your view, making it difficult to see beyond the immediate issues and potential stagnant ways of operating. What seems like a good solution within the confines of your usual approach might be limited and fail to address the root cause. Your immediate colleagues (Peers) can offer insights based on shared experiences and similar challenges. You can go Cross-Functional and present the problem to members from different departments. Their unique vantage points can provide innovative solutions that might not be apparent within your own team. “Fresh eyes" can reveal blind spots & introduce new methodologies.

Seeking feedback from peers significantly sharpens strategic thinking. When you share your strategies with colleagues, they offer diverse perspectives that challenge your assumptions and broaden your view of possible outcomes. This process encourages you to anticipate various scenarios and refine your strategies accordingly. Embracing peer insights not only deepens your understanding of your thought processes but also highlights the importance of multiple viewpoints in developing comprehensive strategies. Peer feedback transforms individual insights into collective wisdom, fostering more innovative and adequate decision-making in the retail sector.

Here's how you can enhance your strategic thinking and decision-making with peer feedback: 1. Seek Diverse Perspectives: Engage with peers from different departments or backgrounds to gain varied insights. 2. Be Open to Criticism: Embrace constructive feedback as a tool for growth and improvement. 3. Regular Check-Ins: Schedule regular feedback sessions to stay aligned and adjust strategies as needed. 4. Reflect and Implement: Reflect on the feedback received and incorporate it into your decision-making process to refine your approach.

Constructive critique from peers is invaluable for refining strategic plans. Listening actively and evaluating feedback carefully is key. Not every suggestion needs to be accepted, but each should be weighed against your goals and constraints. Constructive critique helps identify weaknesses in your strategy, turning them into opportunities for improvement. This elevates the overall quality of your decision-making, ensuring a more robust and effective strategy. Ultimately, peer critique isn't just feedback—it's a vital tool for achieving strategic success in the retail sector.

Incorporating peer feedback has been transformative for my strategic planning. Listening actively and considering every point helps me identify and improve weaknesses. This approach turns critiques into opportunities, enhancing my decision-making and strategy quality.

A quick and effective way to get peer input is to set aside 5-10 min at the end of each session for feedback. One of the best ways to structure feedback is DW/DD - 1. What did I/we do well? 2. What should I/we have done differently? Implement this simple feedback habit, and you'll immediately get more constructive input into your strategy work.

One of the most valuable insights I’ve uncovered regarding constructive criticism is asking this follow up question: “You’ve observed that [constructive criticism] occurs in my work during [specific example]. How do you recommend I address it?” Then listen and write down the specific guidance. Here is the crucial part: ask that individual or a trusted advisor to help you improve upon it over the coming weeks or months. It is this next step above that makes constructive feedback incredibly powerful for professional development. Information alone is insightful to create a temporary Hawthorne effect, but the efforts we make to create lasting change is where personal and professional growth is.

Creating effective feedback loops is vital for ongoing strategic improvement. Set regular intervals to gather feedback on your decisions and strategies from trusted peers. This iterative approach allows for incremental adjustments and assessing their impact over time. By consistently applying the insights gained, you develop a more agile and responsive strategy that evolves with changing circumstances. Feedback loops aren't merely for refinement; they drive innovation and adaptability, making them indispensable in the dynamic retail sector.

Have you ever rolled out a strategy, then found out that is all going sideways? Maybe because it is not understood in the same way by everyone. What would help is to get feedback from your team as you go along on the understanding of the strategy roller. If the understanding does not align with your understanding, then you know that you're off track. These feedback mechanisms can really your strategy rollout from becoming a disaster.

Developing efficient feedback loops is a critical component of ongoing strategic development. Set up frequent times to ask a reliable group of peers for input on your choices and tactics. With this iterative technique, you can make small adjustments and evaluate their effects over time. Through constant application of the insights gleaned from these feedback loops, you may cultivate a more flexible and adaptable approach to strategy, guaranteeing that your choices adapt to changing conditions.

Propicia retroalimentación repetida desde los usuarios directos de las estrategias y sus tácticas con las que se ejecutan, son toda seguridad recibirás información útil. Además harás aliados que se sentirán escuchados y contentos de compartir contigo su retroalimentación. Muchas estrategias son buenas pero son mal implementadas y el saberlo te ayudará a mejorar y a incorporar, quizá, nuevas estrategias de comunicación y ejecución que mejoren el efecto real deseado desde el plan estratégico.

High-performing organizations offer individuals effective, real-time peer feedback that helps them understand their strengths and opportunities for improvement. Peer-driven development activities allow employees to learn with and from their peers through work experiences. Feedback is also solicited much more frequently, enabled by technology that nudges coworkers and customers to provide it immediately after interacting with an individual.

A shift in perspective is often necessary to break free from conventional thinking. Peer feedback can trigger this shift, exposing you to different approaches to problems and opportunities. By embracing how others view challenges and solutions, you can overcome cognitive biases and expand your strategic repertoire. This broader outlook is crucial for innovative thinking and significantly enhances strategic decision-making. Shifting perspectivetransformms your approach, driving better decisions and pioneering advancements in the retail sector.

Strategy is not a plan…there I said it. To be clear, excellent strategy does include a plan of action but the distinction is that a plan is static and built upon an existing fact set at a specific point in time. On the other hand, great strategy is necessarily dynamic, because the fact set changes over time. E.g. a new competitor enters the market faster than expected. Therefore, perspective shift or more commonly called paradigm shift, especially as it influences strategy means that you have a healthy strategy and your plan of action is frequently changing because of it.

I've often seen the case where feedback from peers or people you work with can shift their thinking and perspective. It is true that where everyone stands depends on where everyone sits. Therefore, other people's view on an issue could be quite different depending on their experience and background. Be open to taking feedback and changing your perspective where required.

One should engage with another person intentionally, focusing on adding a new perspective. This perspective can reveal blind spots, add or reduce the variables at hand and even solve the problem in a total different way. The key here is to engage with the INTENTION to learn

Indeed, collective intelligence must lead to actionable conclusions on concrete ways forward, not leaving the strategic thinking and decision making processes too wide open.

Transform your strategy into actionable steps using the OKR (Objectives and Key Results) framework, popularized by John Doerr in 'Measure What Matters'. As Lawrence Hrebiniak argues in his Wharton School study, 'Making Strategy Work', 'Without effective implementation, no business strategy can succeed.'

I faced the challenge of effectively incorporating peer feedback into our strategic planning, so I developed a structured method to translate feedback into actionable steps by setting clear goals, rethinking tactics, and overhauling plans where necessary. This approach led to a 35% improvement in our strategic outcomes by ensuring feedback resulted in tangible improvements in decision-making and overall strategy. Lessons Learned: Structured Methods: Implementing a structured method to translate feedback ensures systematic and effective improvements. Continuous Adjustment: Regularly adjusting goals and tactics based on feedback fosters ongoing strategic enhancement.

Some possible ways to elevate your strategic thinking could be using these simple actionable steps such as : Diversify your feedback circle Share ideas early and often Ask specific, targeted questions Embrace constructive criticism Listen actively, not defensively Create a structured feedback process Implement insights and iterate Reciprocate with thoughtful feedback Great strategies emerge from collaboration. By leveraging peer perspectives, you'll make sharper decisions and develop more robust plans.

Have you ever heard of a pre-mortem? Reflective practice in the context of the end of a customer engagement or project can more commonly be termed post-mortem analyses. They’re insightful and only limited by the team’s ability to utilize objective and subjective information to analyze what went well and what didn’t. I like to use them for both positive and negative outcome situations. But if you want to level-up your probability of a positive outcome, then implement a pre-mortem assessment. Ask your team: “What are the most likely areas that will cause us to fail, and what can we do to proactively address them?” It identifies real weaknesses and threats to the team’s success in a hypothetical scenario and creates an opportunity to address

A prática reflexiva possibilita ampliar a vis?o para identificar outras perspectivas. O profissional precisa ter a capacidade de absorver diferentes insights da sess?o de feedback para formar uma estratégia mais sólida e consistente. refletir sobre diferentes caminhos para chegar ao objetivo almejado é uma prática que pode encurtar o tempo de implementa??o e tornar a a??o mais eficaz. A ambidestria é um componente fundamental para os profissionais que atuam em mercados dinamicos, que é uma característica de países emergentes em crescimento.

Reflective practice, in other words be open to receive feedback and act upon it, is sometimes the tougher skill to learn. Being able to take a step back and look from the other side - where the feedback is coming from, is vital to learning and growing and improving the next iteration. It also helps in future requests for feedback, if the person providing you with the feedback feels genuinely listened too, even if you don’t implement their thoughts, they are still more likely to dedicate time to helping you again in the future.

I always like to do this exercise when we review results, and it is very good because you realize what you should improve, what you should leave the same, and what you should no longer do.