Team Strategy

Team Strategy

Team Strategy Jonathan Poland

A team strategy is a plan that outlines how a team will achieve its goals. Developing and implementing a strategy is a fundamental part of team management. Team strategies may be developed as part of an annual budget and planning process, and can be updated regularly to respond to changes. Overall, a team strategy is a plan that outlines the steps a team will take to achieve its goals. The following are illustrative examples of a team strategy.

Revenue

Plans to achieve revenue goals. These are tangible steps that bring revenue closer and need not be directly revenue generating. Generate 1000 qualified leads.

Cost Control

Plans to reduce overhead or unit costs. Reduce team office space by moving to a system of booking workspaces to replace permanent desks for team members who regularly work from home.

Customer Experience

Improving things for customers in some way. Test easy to open packaging to identify variants that will improve the customer experience.

Projects

One time initiatives. Implement a system to book office workspaces and resources such as meeting rooms.

Programs

Ongoing strategies that may involve many projects, activities and tasks that evolve over time. Identify and evaluate 50 possible locations for the satellite office program.

Requirements

A common way to achieve goals is to develop requirements and sponsor a project. Deliver requirements for the marketing automation system.

Communication

Ongoing, repeated or one time communications. Contribute to weekly governance board meetings and champion information security standards, practices and initiatives. Goal: achieve acceptance of our initiatives at the board level.

Decision Making

A plan to make a decision or improve a decision making process. Develop business plans with return on investment estimates for all project proposals.

Internal Controls

Plans to implement internal controls. Develop an approval process, schedule and tracker for working from home.

Knowledge Management

Developing, capturing, preserving, controlling and communicating potentially valuable information. Present a lunch and learn session that communicates our services to the entire firm.

Stakeholder Management

Selling your value as a team and influencing your stakeholders. Create a dashboard that communicates service request throughput by business unit.

Business Processes

Measuring business processes, improving them and measuring again in repeated cycles of improvement and optimization. As a strategy, this often doesn’t mention specifically what will be done. Restructure the order fulfillment process at the Dallas fulfillment center to increase the total throughput of the facility to 1 million orders a day.

Automation

Automating toil. Develop an automatic payback calculation that pre-approves sales proposals under $250,000 if they meet standard profitability criteria.

Risk Management

The process of identifying, treating and controlling risk. Identify and manage information security risks related to work from home processes.

Service Delivery

Improvements to the delivery of a service. This includes services to internal stakeholders. Automate fulfillment of common desktop requests such as setting users up for the sales system.

Work Quality

Increasing the quality of your deliverables. Improve the quality of site inspection reports by designing a new report template that addresses stakeholder needs.

Compliance

Complying with laws, regulations, industry and internal standards. Implement multi-factor authentication process for all team members accessing the network over VPN from remote locations.

Recruiting

Recruiting and related strategies such as onboarding. Conduct lunch and learn sessions to pitch job openings to internal candidates.

Team Culture

Team culture are the intangible elements of your work such as norms and expectations. Develop a culture of in-depth preparation for sales meetings by regularly evaluating account reps for the depth of their client and product knowledge and overall professionalism.

Learn More
Competitive Threats Jonathan Poland

Competitive Threats

A competitive threat is a potential source of competition that has not yet materialized, but has the potential to do…

Production Jonathan Poland

Production

Production is the process of creating goods or services for the purpose of satisfying consumer demand. It involves a range…

Management by Exception Jonathan Poland

Management by Exception

Management by exception is a management technique that involves automating standard processes and empowering teams to handle routine business conditions.…

Business Development Skills Jonathan Poland

Business Development Skills

Business development is a term that is often used to refer to sales jobs. However, it can also refer to…

Cultural Norms Jonathan Poland

Cultural Norms

A cultural norm is a shared belief or behavior that is considered to be acceptable or appropriate within a particular…

Product Launch Jonathan Poland

Product Launch

Product launch refers to the introduction of a new or updated product to a specific market. This is an important…

Productivity Jonathan Poland

Productivity

Productivity is a measure of how efficiently resources are used to produce goods and services. It is typically calculated by…

Perceived Value Jonathan Poland

Perceived Value

Perceived value is the subjective worth that a customer assigns to a product or service based on their own personal…

Narrative 101 Jonathan Poland

Narrative 101

Sales and marketing are the lifeblood of business and should be integrated into one function to drive business and brand narrative.

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

Compliance Risk Jonathan Poland

Compliance Risk

Compliance risk refers to the risk that an organization may face as a result of not complying with laws, regulations,…

Organization 101 Jonathan Poland

Organization 101

A business organization is a group of individuals or entities that come together to pursue a common business goal or…

What is Moral Hazard? Jonathan Poland

What is Moral Hazard?

Moral hazard is a term used in economics to describe a situation in which one party has less incentive to…

Federal Grants 150 150 Jonathan Poland

Federal Grants

The US government grant money is divided into a variety of categories, including: Social programs: These programs provide assistance to…

Administrative Burden Jonathan Poland

Administrative Burden

Administrative burden refers to the workload and effort required to comply with laws and regulations that do not directly contribute…

Types of Raw Materials Jonathan Poland

Types of Raw Materials

A raw material is a basic and unprocessed resource that is used as an input in the production of goods…

Experience Goods Jonathan Poland

Experience Goods

Experience goods are products or services that are consumed through an experiential or participatory process. They are characterized by their…

Product Markets Jonathan Poland

Product Markets

A product market is a venue where buyers and sellers can exchange goods or services. Product markets can be large…

Digital Media Jonathan Poland

Digital Media

Digital media refers to any media that is created, stored, and distributed using digital technologies. This includes media such as…