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. Third step (the business unit action plans): .

Strategic Planning Data Analysis

CO2

by Gary Cohen When doing a strategic plan, you may be faced with mountains of data. How you use the data from many different surveys is critical to the outcome of your strategic plan. The following is a list of those categories: Leadership. Strategic Planning.

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Half-Life of a Strategic Plan

CO2

A dear friend of mine came over a few months ago for a glass of wine and asked me, “What’s the half-life of a strategic plan ?” ” Why is it that strategic plans start to lose their value so quickly? Leadership Styles. Leadership Styles.

Strategic Planning Alternatives: Mission Discernment

LDRLB

I recently wrote two posts criticizing strategic planning. While Self wasn’t directly critiquing strategic planning (SP), that “tragic erosion of deep engagement&# is an articulate description of many strategy plans as well. Rather, it is for organization-altering decisions such as: Do we expand into this market? Featured Mission strategic planning strategy vanderpyl

Strategic Planning Alternatives: Mission Discernment

LDRLB

I recently wrote two posts criticizing strategic planning. While Self wasn’t directly critiquing strategic planning (SP), that “tragic erosion of deep engagement” is an articulate description of many strategy plans as well. Rather, it is for organization-altering decisions such as: Do we expand into this market? Strategy Mission strategic planning strategy vanderpyl

What goes into our strategic plan

CO2

When your strategy is so ingrained into the culture do you still need to list it as a strategy in your strategic plan ? Does Nordstrom’s have to say that they will be known for exceptional service in their strategic plan each year or is it so ingrained in the culture that it does not have to be said any longer. How did they miss the strategy to change as the market changed? Did they not even ask the question early on as the digital camera came into market?

Should the Strategic Plan Rest in Peace? | In the CEO Afterlife

In the CEO Afterlife

Leadership. Should the Strategic Plan Rest in Peace? by John • June 27, 2011 • Leadership , Strategy • 4 Comments. At one time, business executives believed that strategic planning was the answer to all of their problems. Leadership.

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?

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.”.

What Goes Into Your Strategic Plan : Blog | Executive Coaching.

CO2

When your strategy is so ingrained into the culture do you still need to list it as a strategy in your strategic plan ? Does Nordstrom’s have to say that they will be known for exceptional service in their strategic plan each year or is it so ingrained in the culture that it does not have to be said any longer. How did they miss the strategy to change as the market changed? Did they not even ask the question early on as the digital camera came into market?

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.”.

The fallacy and hubris of “market attractiveness”

Lead Change Blog

How many times have you heard or even said, “Is that market attractive to us”? We look at the markets we’re in, the markets our competitors are in, maybe even some that are new and wonder if they are/could be good for our business.

Tips On Honing A Culture Of Winning Through Focus by Martin Zwilling

In the CEO Afterlife

Intuitively, many entrepreneurs and businesses believe that the key to faster growth and success is more products, features, and markets. Bell, an experienced business expert, who highlights the power of strategic sacrifice in today’s complex business world.

Tips 182

Stop Numerator Thinking: Innovating Your Service Experience

Lead Change Blog

Then there are the business developers forever in pursuit of new products and new markets. I listened to an IT manager explaining on a speakerphone to a colleague he served in the marketing function why it was going to take two days to get a requested report.

When to Ditch the Leadership Love-in

In the CEO Afterlife

In my blog of two weeks ago, entitled The Leadership Love-In [link] I reiterated the never ending need for better leadership. I also extended kudos to a handful of passionate leadership bloggers who I consider to be experts in their field (links listed below).

Is Business a Game of Poker or Chess?

In the CEO Afterlife

It’s not that I’m going to do a 360 on the value of strategy in business – strategy is part of my DNA; I attribute much of my corporate success to a strategic and creative mindset. So if chess is strategic, what is poker? One can argue that poker is also strategic.

The Big Picture of Business – Community Relations and Cause Related Marketing Are Business Strategies, Not Sales Promotions: Determining the Right Kind of Tie-In Causes.

Strategy Driven

I support cause related marketing and have advised many corporations on setting up such programs. I say it is not, and I’m an expert on cause-related marketing. He was simply rationalizing a corporate marketing initiative.

Learn to Teach. Teach to Learn

In the CEO Afterlife

Like most bloggers, I write about what I know; that’s strategy, leadership and branding. But look at the opportunities – online marketing, social media, niche products and services, specialization, the list goes on. Mine was marketing.

The Disconnect that Keeps Your Company from Performing at its Peak

Strategy Driven

I have noticed that their story consistently repeats itself: their organizations are underperforming, and they want to discuss ways to optimize, share ideas and collaborate on experience that could help set up a plan to turn that situation around.

Four Tips for Better Strategic Planning

Harvard Business Review

That’s why the process of planning a strategy itself is an important vehicle for setting priorities, making investment decisions, and laying out growth plans. As a result, many strategic plans end up as shelf decorations or hard-to-find files in crowded hard drives. Since this is the season when many companies are engaged in strategic planning, it’s just the right time to break bad habits. Templates are often a standard fixture of strategic planning.

The Big Picture of Business – Each Role Matters. The Value of Support Staff

Strategy Driven

Study and utilize marketing and business development techniques. Power Stars to Light the Business Flame , by Hank Moore, encompasses a full-scope business perspective, invaluable for the corporate and small business markets. Every person in the company matters to its success.

The Big Picture of Business – Wisdom From the Disasters, Recovery Through Compassion and Resilience

Strategy Driven

Natural disaster stages: Warning, hit, search and rescue, recovery, rebounding, analysis, flood prevention planning, learning from crisis, community development. Cause-related marketing is a good thing. Some companies use “philanthropy” as a marketing scam.

The Big Picture of Business – Ethics… Good for Business

Strategy Driven

Corporate Responsibility relates to every stage in the evolution of a business, leadership development, mentoring and creative ways of doing business. As part of strategic planning, ethics helps the organization to adapt to rapid change, regulatory changes, mergers and global competition.

The Big Picture of Business – Entrepreneurs’ Guideposts to Real Business Success

Strategy Driven

Are the long-range strategic planning and budgeting processes integrated? Are planning activities consolidated into a written organizational plan? Do you have a detailed, written analysis of your market area? Do detailed action plans support each major strategy?

Value-Added Leadership

Strategy Driven

Planning, tactics, organizational development. Value-added leadership is a healthy way of life that puts collaborations first. Value-added leadership requires a senior team commitment. You provide leadership for progress, rather than following along. ” Value-added leadership embraces these characteristics: Prepare for and benefit from unexpected turns, rather than becoming victim of them. Study and utilize marketing and business development techniques.

Leadership Efficiency Error

CO2

Leadership Efficiency can be costly to the sustainability of an organization. Leadership efficiency can lead you in the other direction. Your mission and vision must be clear, authentic, and compelling–something strong enough to withstand the allure of leadership efficiency.

The Big Picture of Business – Pave and Refine the Company Way, Corporate Culture

Strategy Driven

Where mid-managers buy the hype of the marketing slogans but stonewall the progress that would enable the company to live up to its claims. I was at a service counter, and the clerk was bad-mouthing the customers. “I I don’t know what their problem is,” he declared.

Three Things Strategy is NOT

LDRLB

Leaders retreat for days or weeks at a time to develop a strategic plan, and then emerge to announce something few in the organization can remember, fewer still understand. Casting a vision to an organization is a significant element of leadership, but vision is not strategy.

Public Service Announcements

Strategy Driven

They steered many people into lives committed to community stewardship and leadership. Others cut into programs and services in order to fund marketing. I opined that agencies felt compelled to spend funds to compete with each other in the arena of marketing.

Mentoring and Lifelong Learning

Strategy Driven

This requires planning, purpose and commitment. These are my concluding pieces of leadership advice. Leadership and executive development skills are steadily learned and continually sharpened. Professionals who succeed the most are the products of mentoring.

6 Defining Values of a Leadership Culture

N2Growth Blog

Twelve years after launching culture change consulting services, I am finally sitting down to write about six defining values of a leadership culture. No surprise that all six values rise and fall on leadership. Surveys were built for mass production, not carefully and strategically customized for unique cultures. in 2001, I worked for a boutique strategy consulting firm out of Princeton, NJ that developed and delivered high-cost elaborate strategic plans.

Think Rhythm: Put Thinking Time to Work

Coaching Tip

Most executives would agree that it is important to spend time thinking strategically about the future of their businesses. Yet, most leadership teams fail to do so. Allocate whatever time you can carve out, even one or two full days a quarter, just to think and plan.

The Big Picture of Business – Quality is Important for Business: Real Quality vs. Arbitrary Metrics

Strategy Driven

Life-threatening experiences (loss of business or market share, economic recession) signal the urgency for the team to collaborate. Marketing’s importance was fully embraced in the 1960′s. The 1970′s brought the first wave of strategic planning.

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.

The Big Picture of Business – Visioning Scope: Applying Vision Toward Your Organization’s Progress

Strategy Driven

It is a catalyst toward long-term evaluation, planning and implementation. 7 Steps Toward Strategic Vision. In reality, the Mission Statement is rewritten several times, as the planning process ensues. Identify strategic objectives and goals.

The Big Picture of Business – Doing Your Best Work on Deadlines: Mobilizing the Energy for Best Business Success

Strategy Driven

I’m a big advocate of Strategic Planning and Visioning. I know from experience that planning while going through the ‘alligators’ is the most effective way to conduct the process.

Energy 107

The Big Picture of Business – Cut the Weeds: Focus on Priorities and Strategy, Avoid the Time Zappers

Strategy Driven

He wanted to introduce me to people to form “strategic partnerships.” One of his ‘strategic partners’ called me and conferenced in the introducer. One of the by-products of being high-profile is that you get hangers-on.

The Big Picture of Business – Diversity is Important for Business

Strategy Driven

By taking stock and planning creatively, then we can and will embody diversity. It opens your services to additional market niches. This year is the 50th anniversary of the passage of the Civil Rights Act of 1964. I was on the committee that wrote that legislation.

The Big Picture of Business – Avoid the Tired, Trite Terms: Encourage Original Thought, Focus on Priorities and Strategy

Strategy Driven

These clichés do not belong in business dialog, in strategic planning and in corporate strategy. The ‘brand’ is a marketing term. Business planning requires insightful thinking and language which clearly delineates what the company mission is and how it will grow.

The Big Picture of Business – The Fine Art of Failure: Benefiting from Mistakes to Assure Success

Strategy Driven

Most people and organizations fail due to never having control over certain ingredients, improper planning and the inability to change. Success and failure… it’s a matter of perspectives. Out of every 10 transactions in our lives, five will be unqualified successes.

The Big Picture of Business – How Business Advice Turns Into Company Strategy

Strategy Driven

Strategy : planning, tactics, organizational development. What they were doing five years ago has no relationship to what they’re now marketing. Research leads to planning, which is the best way to accomplish tasks and benchmark success.

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. Mistakes, niche orientation and lack of planning lead businesses to failure.

The Big Picture of Business – Business Success Checklist

Strategy Driven

Provide leadership. Plan for the future. When your business has contingency plans for future scenarios you will seldom be caught by surprise. Most successful businesses have planned responses to most scenarios because they took the time to think “What If”. Whether your focus is on customer service, profits, investing, marketing, or company growth a constant awareness of your current position in relation to where you want to be is essential.