Close Menu
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Well Being
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
X (Twitter) LinkedIn YouTube
Trending
  • Developing an AI use policy
  • 3 learnings for SMEs from Climb24, the UK’s festival of innovation
  • Protect your start-up with a simplified shareholders’ agreement
  • Employment Expert Warns of TikTok Career Trends’ Negative Impact: Are Workplaces Falling Short?
  • Simply Asset Finance secures £120m loan facility from Bank of America
  • Campers acknowledges the impact of the North West adoption programme
  • Empowering ESMBs with Cutting-Edge Solutions: An Interview with Giovanni Crispino, Head of EMEA ESMB at Salesforce
  • Louise Hunt Skelley Ply And Samanta Bullock Launch A New Era Of Disability Advocacy
X (Twitter) LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
You are at:Home»Features»Strategy as Story – How storytelling can be an effective way in communicating strategy
Business storytelling

Strategy as Story – How storytelling can be an effective way in communicating strategy

0
Posted By sme-admin on August 10, 2023 Features

By Jyoti Guptara, story strategist, speaker and bestselling author of Business Storytelling from Hype to Hack

In 2012, the IT industry was changing drastically from operation centric (‘helping run your business’) to business centric (‘creating your business value’). Fujitsu, the Japanese company, knew they had to articulate their envisioned future or risk being left behind. They assigned Yoshikuni Takashige for creating a vision document, but in 2013 the initial ‘Fujitsu Technology and Service Vision’ met with a cold response. Realizing the language was too technical for many business leaders, Takashige’s team replaced jargon with concrete images and, crucially, framed their vision with a narrative. Subsequent annual iterations of the strategy have enjoyed high engagement and support. The difference? Storytelling.

From storytelling strategies to strategy stories

Over the last decade, storytelling has become a buzzword in business, mainly in marketing or among leaders who want to improve their public speaking. But, given the power of narratives to provide a common understanding and vocabulary, adoption has been surprisingly slow when it comes to applying story techniques to overall business strategy. 

Why? Is it because there is no need? The fact is that if you want to be shocked, ask co-workers what your organisation’s strategy is. You won’t have to reach the bottom of the hierarchy before getting evasive answers.

Even positive survey results can be misleading, as one CEO discovered when reviewing annual employee engagement. He had been delighted to see his colleagues apparently strategically aligned. But, while 97% of top leadership said that they understood the company’s strategy and aligned their work to it, when asked in more detail by researchers at MIT Sloan School of Management, a very different reality emerged. Only one-quarter of the managers surveyed could list even three of the company’s five strategic priorities.

And a third of the leaders charged with implementing the company’s strategy couldn’t list even one strategic priority.

Similar findings have been made across countries and industries. Strategy is notoriously hard to communicate. And even when there is awareness and alignment among the top leadership, that clarity hardly ever seems to reach the frontline.

That is disastrous, because it’s the frontline that produces the bottom line.

What’s the solution? “Repetition, repetition, repetition!” goes the traditional advice. Which is better than not repeating your strategy. But when the strategy doesn’t make sense to employees, are you not repeating, literally, nonsense?

By contrast, storytelling can help you communicate your strategy in a way that will be understood, embraced, and implemented. The great irony is that after putting huge effort and expense into developing company strategy, little thought is put into how best to communicate it. If you use the same thinking to communicate the strategy as you did to come up with it, you will fail – the rational process you need to produce strategy lacks the emotion and imagination you need to connect with people.

The four steps of strategy

Strategy development is not complete until you also have a strategy for communicating it, which requires the following stages:

1.    Strategy development (research, debate, and decisions – the WHAT)

2.    Strategy formulation (framing and wording the strategy – the WHY and HOW)

3.    Strategy communication (the WHO, WHEN, WHERE)

4.    Strategy implementation and monitoring

Too many companies go straight from step 1 to step 3 . . . and then wonder why step 4 doesn’t happen. If the strategy doesn’t connect with employees, it might as well not exist at all. Unless it ‘clicks’ and is both understandable and sensible it won’t ‘stick’ and be remembered and put into action.

Here is a simple and effective four-part framework for communicating a new strategy. Let’s keep them in mind as the Four Ps.

Part 1: Past – “In the past…” (how things were)

Part 2: Pivot – “Then something happened…” (the event(s) that caused the problem or opportunity, and how the present differs from the past)

Part 3: The Present Priority: “So now…” (the actions necessary to counter the problem or take advantage of the opportunity)

Part 4: Pitfalls and Potential – “In the future…” (the effects of the change – and what is at stake)

Not only is the 4P Framework useful for communicating a strategy “outwards” to colleagues and the market, the Framework is essential for efficiently producing that strategy in the first place. Do the leaders agree on the Four Ps? If not, how do we get agreement?

The Framework gives the big picture. But after creating the big picture, zoom in and paint the details of that picture, or it will remain foggy. Do both and buy-in will skyrocket. Model behaviour with stories and behaviour will change.

While the best business strategy stories take hard and systematic work to identify, clarify and articulate, storytelling is often neglected because stories are simple. But that is precisely why they work. The deceptively simple framework of a story lets us combine all sorts of things that often don’t go together in business – information and imagination, fact and feeling, causality and a greater cause.

When you communicate, do you want to address the narrow part of people that responds to slogans and statistics? It can work. But you’ll get what you invested in – only a narrow slice of your people. If, by contrast, you engage the whole person – head and heart – you will get so much more. And it will show.

Purpose leads to passion. Passion unlocks potential. Performance soars.

Now a celebrated story strategist, speaker & bestselling author of Business Storytelling from Hype to Hack, Jyoti Guptara helps purpose-driven companies scale their influence with strategic narratives and narrative strategies with key focus on leadership storytelling, creating organizational story banks, and virtual reality storytelling. He helps organisations and business leaders use storytelling for more success with less stress.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

3 learnings for SMEs from Climb24, the UK’s festival of innovation

How salespeople can adapt and thrive in a rapidly changing landscape.

Why Human Storytelling is Vital for Every Startup Marketing Strategy

Comments are closed.

Follow SME Today on Linkedin and share all the topics you find interesting

The Newsletter

Join our mailing list to receive the latest news and updates from SMEToday
Read our Latest Newsletter:

Sign Up
Events Calendar
    • Marketing
    June 27, 2024

    Empowering ESMBs with Cutting-Edge Solutions: An Interview with Giovanni Crispino, Head of EMEA ESMB at Salesforce

    June 24, 2024

    Why Human Storytelling is Vital for Every Startup Marketing Strategy

    • Finance
    June 28, 2024

    Simply Asset Finance secures £120m loan facility from Bank of America

    June 19, 2024

    Do You Need To Insure Your Side Hustle?

    • Health & Safety
    April 15, 2024

    Careless Driving Habits Common Practice Among Motorists

    March 20, 2024

    Cleaning stairs, climbing ladders and changing light bulbs: which of these activities are allowed under health and safety rules?

    The Great British Expos 2024
    The Great British Expo's
    • Events
    June 18, 2024

    Get the Most Out of Your Ideas with IP. BWR IP Seminar

    June 3, 2024

    Nicola Peake Launches Peakefest to Inspire and Rejuvenate Business Founders

    • Community
    June 24, 2024

    Festivals Unite to Launch National Green Events Code

    May 10, 2024

    Breast Cancer Consultant Dr Hugo De La Pena Has Raised More Than £10,000 For Cancer Research

    • Food & Drink
    May 24, 2024

    Devon distillery raises a glass to future growth with £100k funding deal

    May 13, 2024

    Sussex mum toasts success as small business grows

    • Books
    March 5, 2024

    No Silver Bullet: Bursting the bubble of the organisational quick fix

    January 12, 2024

    Top lessons all entrepreneurs can learn from the boy who survived the wild

    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    X (Twitter) YouTube LinkedIn
    Most Recent Posts
    July 2, 2024

    Developing an AI use policy

    July 2, 2024

    3 learnings for SMEs from Climb24, the UK’s festival of innovation

    July 1, 2024

    Protect your start-up with a simplified shareholders’ agreement

    June 28, 2024

    Employment Expert Warns of TikTok Career Trends’ Negative Impact: Are Workplaces Falling Short?

    June 28, 2024

    Simply Asset Finance secures £120m loan facility from Bank of America

    Categories
    • Books
    • Community
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport & Tourism
    • Well Being
    Copyright © 2024 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.