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Building & Strategy

Strategy Eats Speed for Breakfast

What if slowing down actually helped you win?

In the world of product strategy, speed is often considered the ultimate competitive advantage. However, there's a counterintuitive dynamic at play: excessive speed can actually hinder a company's ability to execute its strategy effectively. When teams move too quickly, they often sacrifice clarity and alignment for the sake of meeting deadlines. This can lead to a mismatch between the company's overall vision and the individual projects being worked on. For instance, consider a team of about a dozen people working on a quarter-long project to launch a new feature. They're so focused on meeting the deadline that they skip crucial discussions about how the feature fits into the company's broader strategy. As a result, the feature launches, but it doesn't quite align with the company's overall goals.

The mechanism behind this dynamic is rooted in the way teams prioritize speed over strategy. When teams are under pressure to deliver quickly, they tend to focus on the immediate tasks at hand, rather than taking a step back to consider the bigger picture. This can lead to a series of tactical decisions that don't necessarily support the company's overall strategy. On the other hand, slowing down and taking the time to align everyone around a clear vision can actually lead to faster and more effective execution in the long run. A team that takes the time to discuss and debate the company's strategy is more likely to create a feature that truly supports the company's goals.

One vivid anchor for this idea is a scene where a product manager is trying to prioritize features for an upcoming launch. They're being pulled in multiple directions by different stakeholders, each with their own set of priorities. In the midst of this chaos, the product manager takes a step back and suggests that the team take a few days to align around a clear vision for the launch. This pause allows the team to clarify their goals and prioritize features that truly support the company's strategy. As a result, the launch is more successful, and the team is able to execute more quickly and effectively.

Prioritizing speed over strategy can lead to a mismatch between your company's vision and the individual projects being worked on.
Slowing down and taking the time to align everyone around a clear vision can actually lead to faster and more effective execution in the long run.

If you ignore this dynamic, you risk creating a mismatch between your company's vision and the individual projects being worked on, leading to wasted resources and a lack of progress towards your goals.

Furthermore, failing to prioritize strategy over speed can lead to a culture of burnout, where teams are constantly rushing to meet deadlines without feeling like they're making meaningful progress.

1
Take a few hours to review your current project pipeline and identify areas where speed is being prioritized over strategy, then adjust your priorities accordingly.
2
Hold a meeting with your team to discuss and debate the company's overall vision and how each project fits into it, and make sure everyone is aligned around a clear set of goals.

The idea that strategy eats speed for breakfast is rooted in the concept of "strategic intent," which suggests that companies should focus on creating a clear and compelling vision for the future, rather than just reacting to short-term pressures. By prioritizing strategic intent, companies can create a sense of direction and purpose that guides decision-making and allocates resources more effectively.

However, it's also important to recognize that there are situations where speed is truly essential, such as in highly competitive markets or in response to unexpected changes in the environment. In these cases, companies must find ways to balance the need for speed with the need for strategic clarity, such as by using agile methodologies or creating a culture of experimentation and learning.