Success creates blind spots.

Send us Fan MailThe strategy that built your business can eventually become the strategy that holds it back particularly when nobody is prepared to challenge what has worked in the past.In this episode, Peter Boolkah uses Kodak as a cautionary example of what can happen when an established company fails to respond effectively to major changes in its market.Peter then introduces a practical four-step process for conducting strategic reviews:Define a specific, measurable objectiveGather the financial, market, customer and competitive dataEvaluate the existing strategy and assign clear actionsMonitor progress using relevant KPIsYou will also discover why strategic reviews should involve people from different departments, how fresh perspectives expose assumptions, and why reviews must become part of the company’s regular operating rhythm.For founder-led businesses, this is especially important. When strategy exists only inside the founder’s head or when nobody feels able to challenge the founder—the business becomes more dependent on one person’s perspective.A proper strategic-review process helps develop stronger leaders, distribute responsibility and ensure that past success does not become tomorrow’s Hamster Wheel Trap®.CONNECT WITH PETER BOOLKAHWebsite: https://www.boolkah.comLinkedIn: https://www.linkedin.com/in/boolkahInstagram: https://www.instagram.com/pboolkah/Facebook: https://www.facebook.com/BoolkahX: https://twitter.com/boolkahABOUT PETER BOOLKAHPeter Boolkah is a business coach, author and speaker who has spent more than 20 years helping business owners build stronger, more valuable businesses that do not depend on them for everything.He is the creator of The Hamster Wheel Trap® and author of Your Business Sucks: Build a Business That Works Without Destroying Your Life.Peter works with founders and leadership teams on the issues that ultimately determine whether a business creates freedom or becomes another job: leadership, founder dependency, people, profit, execution, scaling, exit readiness and enterprise value.His approach is direct, practical and built around one simple question:Do you own the business, or does the business own you?Learn more at https://www.boolkah.com