Thursday, 13 October 2022

Communicating strategy – the how as well as the what

Without  wishing to delve too deeply into the kerfuffle within the UK government over  the past fortnight, there is an obvious lesson from the presentation of the so-called ‘mini-Budget’.

If you are going to communicate a strategy, fiscal or otherwise, at least give some indication of how you are going to achieve it.

Much of the debate following the Chancellor’s statement has focused on the lack of explanation of how the tax cuts it contained will be funded. Two weeks on, we’re none the wiser. We’re all awaiting a further statement later in the month – brought forward from November as a result of the furore.

This demonstrates how uneasy people feel when any kind of lofty ambition is unveiled without information on how that ambition will be achieved. On their own, headlines achieve nothing: we all need to understand what they mean and any role we have to play in delivering the plan in practice.

This is highly relevant to strategy communications, with which some organisations still struggle. They either provide too little information, so that the strategy feels nebulous and somewhat empty, or they drown people in detail. Either approach undermines the need to connect and communicate with the people on whom the organisation relies to lift plans ‘off the paper’.

Understanding audience needs – and planning your communications accordingly – is vital to striking the right balance. It appears the UK government failed to appreciate what audiences such as the financial markets might require to engage with and feel confident in the plans it announced. Let’s hope they find a way to resolve this in the coming weeks.

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