1. Grasp both the big picture and the view at ground level
To get the bigger picture, you have to look at your situation as if you were seeing it from the window of an airplane. Observing a situation at ground level is also very beneficial. You can immerse yourself into the details to check the facts.
To lead effectively, you need to have both perspectives. You need to become a visionary who is also able to get down and dirty. You need to understand the strategic value, but you also have to know how to make things happen.
Your vision must be your goal – however, you also need a plan to make it work at ground level, according to an article on the strategy-business.com website.
2. Outsource what is not key
When you're preparing a new product or service, don’t do everything internally. At least not during the initial stages. Being open to outsourcing opportunities gives you flexibility and enables you to manage things more effectively.
So consider outsourcing almost all tasks. Only the most essential functions should be kept and done in-house.
Evaluate cautiously which business activities are the most critical to your success, then focus strictly on these activities. Back-office, technology, legal services – those can all be done by someone else.
Effective outsourcing enables operational excellence. Low-leverage, but necessary, chores are exactly the tasks that need to be outsourced.
-jk-