Strategic planning must change with the times

N2Growth Blog

If you’re frustrated by your organization’s current strategic planning and execution processes or the outcomes from that work, you’re not alone. Planning Horizon: Old paradigm strategic planning has been historically focused on a long term horizon, usually between 3-5 years.

The Strategic Planning Process

Coaching Tip

Here is the background regarding the importance of clearly understanding the " intangible identity elements " that consist of the assumptions/beliefs, values/aspirations, vision and guiding principles as it relates to creating a Vision/Mission Statement (along with the supporting business plans that each functional unit will put together based on the leadership developed Vision/Mission Statement). . The Planning Process. Here is a summary of the strategic planning process: .

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8 Tips to Leading a Great Strategic Planning Session

Great Leadership By Dan

Guest post from Patrick Thean : In business, a leader’s ability to strategically plan for the company’s future is of the highest importance. Your company will not be successful if you don’t have the strategies and execution plans in place to reach your objectives.

7 Elements of a Strategic Plan

Great Leadership By Dan

It’s been said that “a vision without a plan is just a dream. A plan without a vision is just drudgery. But a vision with a plan can change the world.” Read my latest post over at About.com to learn the 7 basic elements of a strategic plan : vision, mission, SWOT analysis, core values, goals, objectives, and action plans. goals mission planning strategy vision

Strategic Plan(ning) for Organizations: Reviewing, Refining, Repeating

Strategy Driven

Focus on the process, not the plan. Business leaders trying to plot the future of their companies without a plan often find their business not going exactly where they intended. But a strategic plan for the organization is key if, and only if, it is a living, breathing document to be used frequently. We really need to start calling this strategic planning to indicate the ongoing nature of the refinement and work in progress that this becomes.

NOISE Analysis, an alternative to SWOT. Strategic Planning

Create Learning

Having a solid strategic plan will allow your company and team to flourish and accomplish needed results. Contact Mike to schedule a strategic planning meeting that will deliver results and engaged staff that are part-of the plan.

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Revitalizing Strategic Planning: Workshop

Create Learning

The need for short-, mid-, and long-term planning will always exist as a critical factor in successful business regardless of changes in technology. Because NO-ONE Planned! Strategic planning is necessary part of every Managers life.

Photo Inquiry Friday: Strategic Planning Questions

Create Learning

Planning requires people in companies to make their best guess on what to focus on and what not to focus on. Taking some time to frame the planning is a way that asks people to think in real work, while allowing them to reach for ‘miracle solutions’ is something I have found effective.

075: Conquer the Entrepreneur’s Kryptonite: Simple Strategic Planning | with James Woosley

Engaging Leader

The kryptonite that threatens to kill the dreams of every entrepreneur is strategic planning. Many people have no plan and try shooting from the hip, so effort and resources are wasted or unfocused. Others get bogged down in an overly-detailed planning […]. The post 075: Conquer the Entrepreneur’s Kryptonite: Simple Strategic Planning | with James Woosley appeared first on Engaging Leader.

A 30-60-90 Day Plan For New Leaders

Lead Change Blog

I have realized over the years that the most effective way for a leader to create results and build culture is to adopt a rolling focus, 30-60-90 day game plan. At the same time, immerse yourself into the company culture: values, mission, goals, and current (if any) strategic plans.

3 Myths That Kill Strategic Planning

Harvard Business Review

In its simplest form, strategic thinking is about deciding on which opportunities to focus your time, people, and money, and which opportunities to starve. One of history’s greatest strategic thinkers, Napoleon Bonaparte summed it up this way: “In order to concentrate superior strength in one place, economy of force must be exercised in other places.” Yet, three pervasive myths continue to make strategic thinking an elusive skill set in today’s organizations.

Have Your Customers Help You Write Your Strategic Plan

Eric Jacobson

Mike Brown, the founder of the Kansas City, MO company called, The Brainzooming Group , encourages business leaders to solicit feedback from their customers when creating a strategic plan. Management Leadership Strategic Planning General Management Skills Customer Feedback Goal Settin

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Mentoring and Lifelong Learning

Strategy Driven

The mentor requests pro-active changes of mentee, evaluates realism of goals and offers truths about path to success and shortcomings of mentee’s approaches. This requires planning, purpose and commitment. Professionals who succeed the most are the products of mentoring.

Green Your Business: A Sustainable Vision or Money-Making Fad?

Strategy Driven

Your goal is to make a difference in the community, so reach out to other businesses with the same green mindset – you can do more together, you know. Strategic Planning business strategy strategydriven sustainability

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Sales by Objectives (SBO): Sales Planning

Coaching Tip

Many of you may consider sales planning as something that is forced on you from headquarters as "Filling out forms to satisfy the home office".and In many organizations, typically what happens is this.every year you are asked for your sales plan for the coming year by a certain date.

A Budget Does Not A Strategy Make!

Strategy Driven

Let’s see how many of us have been involved in this type of conversation: Strategy Consultant: “ Do you have a Strategic Plan? Strategy Consultant: “ Umm, this isn’t a strategic plan. ”. Like I said, “ Umm, this isn’t a strategic plan.

The Making of Legends

Strategy Driven

Many a Strategic Plan was written by piecing together song fragments, nostalgic remembrances and movie scenarios, then were aptly converted into contemporary corporate nomenclature. Conceptualize your own personal goals. Understand conflicting societal goals.

What if the people engaged in planning are wrong about what needs to be done?

Create Learning

In 4 Strategic Planning Co-creation Steps & Benefits by Alan Kay, he responded to a common objection in using co-creation ( working with a team or people who will be impacted) to develop plans. They may be wrong, but no more so than the planning experts.

Management Styles

Strategy Driven

Organizations should coordinate management skills into its overall corporate strategy, in order to satisfy customer needs profitably, draw together the components for practical strategies and implement strategic requirements to impact the business.

Cascade-of-Planning. Align Organizational Plans

Create Learning

A brief look at the ‘Cascade-of-Planning’ in the Revitalizing Strategic Planning workshop. Project & Goal Completion within or under budget. Increased rate of on-time goal & project completion.

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Frontline Festival: Leaders Share Goal Setting Strategies for their Teams (and Themselves)

Let's Grow Leaders

This month’s festival is all about goal setting (especially with your team) for the new year. Jon Verbeck of JonVerbeck.com suggests that you set five shorter term quarterly goals with the correct specific numeric targets. As Mike Tveite says: “ I achieved my goal but not my aim.”

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Public Service Announcements

Strategy Driven

Non-profit organizations and the causes they promote are greatly served by enlightening the public. Public education is an important part of the charge for those organizations. The earliest PSAs promoted the selling of war bonds and were shown in movie theatres during World War I and II.

A List of Goals Is Not a Strategy

Harvard Business Review

Strategic planning

The Nuts & Bolts of the One-Page Strategic Plan

LDRLB

I am delighted that so many readers have asked for details of the content that goes into the 1-Page Strategic Plan. Start with deep strategic thought and the right conviction. The strategic plan is not the annual budget. The senior folks charged with crafting the plan must enter the process with a mindset that is analytical, intuitive and creative. This becomes your guide for defining the strategies necessary to achieving the goals.

Are Strategic Plans Worth it? (the debate continues)

LDRLB

A few weeks back, Tim Vanderpyl wrote a post about strategic planning. It generated some great debate on LeaderLab and Twitter about the usefulness of strategic planning and we invited Ryan Olsen to write a response to Tim. Tim ended the post with his theory: “Strategic planning is simply an invention to justify the existence of middle management, and not a useful tool for those doing the actual leading or for the guys at the bottom doing the real work.”.

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New World Companies: The Future Of Capitalism

Strategy Driven

I often refer to these timeframes as “urgencies,” because, as I view it, corporations must accomplish the business goals outlined within each time period if they are to be successful. Once this goal is attained, the corporation enters the fifth stage – reducing risk factors for investors. Strategic Planning Bruce Piasecki business strategy new world companies social capitalism strategydrivenHow does a good company generate value in society?

Strategizing for Success: Keys for Planning Annual Sales & Marketing Goals, part 1 of 2

Strategy Driven

Each fourth quarter as the New Year approaches, it’s prudent to prepare a profitability plan for the coming year, especially with respect to your sales and marketing endeavors. Doing so can give you a notable competitive edge, particularly given the extraordinary number of professionals that don’t bother producing this strategic tool. Here’s how to set yourself up for annual planning success. Successful annual planning requires one key ingredient: your mindset.

Goals and Solutions. Does the difference matter?

Create Learning

The difference between goals and solutions are clear. Goals are what you want in relation to the problem, while solutions are what you want independent of the problem. Working with organizations and individuals to create plans and strategies.

Are Strategic Plans Worth it? (the debate continues)

LDRLB

A few weeks back, Tim Vanderpyl wrote a post about strategic planning. It generated some great debate on LDRLB and Twitter about the usefulness of strategic planning and we invited Ryan Olsen to write a response to Tim. Tim ended the post with his theory: “Strategic planning is simply an invention to justify the existence of middle management, and not a useful tool for those doing the actual leading or for the guys at the bottom doing the real work.”.

Recommended Resources – The 4 Disciplines of Execution

Strategy Driven

The 4 Disciplines of Execution : Achieving Your Wildly Important Goals. The 4 Disciplines of Execution provides the steps needed to repeatably translate one’s business strategy into the day-to-day activities instrumental to realizing organizational goals.

Value-Added Leadership

Strategy Driven

Planning, tactics, organizational development. Values, customs, beliefs, goals, objectives, benchmarking. Plan and Benchmark. Every company has stakeholders, though a few with their own proprietary interests chart the course in their own vision, or lack thereof. Within every corporate and organizational structure, there is a stair-step ladder. One enters the ladder at some level and is considered valuable for the category of services for which they have expertise.

A List of Goals Is Not a Strategy

Harvard Business Review

Strategic planning

The Big Picture of Business: Goal Setting… An Important Part of Strategic Planning.

Strategy Driven

Human beings live to attract goals. Organizations get people caught in activity traps…unless managers periodically pull back and reassess in terms of goals. Managers lose sight of their employees’ goals. Mutually agreed-upon goals are vital.

Key Strategic Action Questions

Strategy Driven

Here are some questions to answer when you are thinking about Strategic Action. What’s organizational culture do you want to create and how do you expect that culture will help you achieve your vision and strategic goals? You just finished reading Key Strategic Action Questions

In Planning Why Does the By-When Matter?

Create Learning

Planning requires the boundaries of Goals ‘what-by-when’. Thematic Goal. Below is a series of action steps that must be achieved, each of these can have their own ‘by-when’ dates ( cascade of planning ) and this would be necessary for Delegated-Plans & goals to subordinates.

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Strategy is About Choice

LDRLB

Every year a stream of nameless, faceless executives withdraw from their offices and gather somewhere offsite as part of a long-standing corporate ritual called “strategic planning.” The ritual follows a predictable series of steps: review last year’s plan, conduct a SWOT or other type of analysis, and decide on objectives for the new year. The strategic planning process is turned into a process of addition – last year’s sales PLUS 5 percent.

The Big Picture of Business: Putting Budgeting Into Perspective, The Bigger Picture of Strategic Planning

Strategy Driven

Budgets get more attention than the umbrellas under which they rightfully belong: Strategic Planning and Visioning. By itself, Budgeting does not constitute full-scope planning and business strategy. Does your strategic plan adequately describe what you do?

Seven Leadership Disciplines

Coaching Tip

Create a plan to weave discipline into your daily life and improve your leadership. Highly effective leaders engage others in creating a clear, compelling, and inspiring vision, and communicate it in such a way that everyone understands it and in a way that motivates and inspires people to work as a team toward common goals. No organization becomes great without a shared vision , goal s , and values. Leadership starts from within and manifests itself on the outside.

A Tool to Help You Reach Your Goals in 4 Steps

Harvard Business Review

Managing yourself Productivity Strategic planning Article

StrategyDriven Podcast Special Edition 57 – An Interview with Robert Simons, author of Seven Strategy Questions

Strategy Driven

By asking and effectively answering these questions, executives and managers gain the insight necessary to better align their organization’s day-to-day operations to the optimal achievement of mission goals; thereby enhancing overall bottom line results.

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