They have one critical element in common
To get the most out of Artificial Intelligence, you need to frame the right questions. To get the most out of effective exit planning, you need to frame the right questions. Poor questions will lead to poor results in both cases.
Ask yourself these questions –
- - Are me and my team good at asking and discussing insightful strategic questions about our company and market? Or are we heavily tactical in our dialog?
- - When I’m with others, do I regularly ask insightful and thought provoking strategic questions? Or do I need others to ask the insightful questions because I’m more comfortable with tactical matters?
What is assumed here is that you have a clear understanding of the difference between tactical and strategic thinking. Think of tactical as the HOW. Think of strategic as the WHY and WHAT.
The strategic, or why and what, is discussing longer term what do you want to accomplish, how will you measure it and why are you wanting to accomplish it, what’s the value to your business. The tactical, or the how, is discussing how you’re going to accomplish something. Tactical is generally more day to day or week to week and strategic tends to be month and year(s) oriented.
Owners and CEOs who confidently and competently know this difference and regularly brainstorm insightful strategic questions with their team are generally those that create greater company worth over the long term. Those who are more tactical in their thinking and discussions, generally miss opportunities to grow their company worth.
Use time as a friend in building this muscle of strategic level thinking. It’s your path to building company worth and getting yourself to a future euphoric exit.
