4 Strategic Planning Traps and How to Avoid Them

The Practical Leader

I recently had a call with a CEO about facilitating a strategic planning retreat this fall with 15 of their top leaders. The session was focused on operational and tactical issues. Reporting and data dumping leaves little time for strategic thinking and prioritizing.

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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Welcome to Strategic Planning 2.0

N2Growth Blog

As a strategy consultant, I have had the opportunity to review a lot of strategic plans over the years. It’s been truly amazing to discover just how many major organizations develop strategic plans that contain little more than a whole lot of budget estimates and revenue projections. This kind of strategic planning is something that I like to call “ Strategic Planning 2.0 “ Strategic Planning 2.0

Revitalizing Strategic Planning: Workshop

Mike Cardus

The need for short-, mid-, and long-term planning will always exist as a critical factor in successful business regardless of changes in technology. When your Organization does not effectively plan typical results are; Project(s) Comes in Over Budget – Because of inadequate planning and now everyone is scrambling, and creating emergencies in other departments and with vendors. Because NO-ONE Planned! Strategic planning is necessary part of every Managers life.

The Ten Myths of Strategic Planning

Six Disciplines

CEOs of small businesses often appear to believe in myths surrounding the subject of strategic planning and execution - myths that can prove dangerous to the health of their organization. Myth #1: “We don’t need a strategic plan!” The truth is that every organization needs some form of plan to guide its actions or it will simply “drift off course” in the chaos businesses often face in their daily operations. Myth #5: Planning will predict the future.

Are You Aware Of The 3 Approaches to Strategic Planning?

The Empowered Buisness

The following article — Time is Money: The 3 Different Approaches to Strategic Planning — was written by Gabriel Najera — Founder, Najera Consulting Group. Even though I did strategy development for billion dollar corporations in the early days of my business 30 years ago, I had no idea that there were 3 different approaches to strategic planning. Time is Money: The 3 Different Approaches to Strategic Planning.

NOISE Analysis, an alternative to SWOT. Strategic Planning

Mike Cardus

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. Working with companies and developing strategic plans everyone seems to feel that the default method is a SWOT analysis strengths, weaknesses, opportunities, threats.

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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. A strategy is about making a set of decision based on the current and ever changing facts of the environment that you operate in as an organization.

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. This is the break from day-to-day operations; it is the organization’s future. The senior folks charged with crafting the plan must enter the process with a mindset that is analytical, intuitive and creative. Keep the plan handy.

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.

Strategic Planning – How Much Should Organizations Spend on Business Planning?

Strategy Driven

Well-crafted strategic and annual business plans provide a sense of purpose and direction. They establish the operations and initiative activities the organization will implement in order to achieve defined outcomes. Furthermore, these business plans service as a communications mechanism to drive alignment of management decisions and employee actions to the effective and efficient achievement of the organization’s mission goals.

Strategic Planning – Words are Important : Blog | Executive.

CO2

“A word is dead when it is said some say, I say it just begins to live that day&# – Emily Dickinson When you work on a strategic plan – even if you keep them as short as we do at CO2 Partners , to one page, each word you choose is so critical. Recently, when working with a long standing client, half way through his companies strategic plan he revealed to me privately how the company was becoming a Results Only Work Place.

Strategic Plans Are Less Important than Strategic Planning

Harvard Business

Mention the word “plan” to most managers and the image that springs to their minds might well be a travel plan. Or they’ll think of the kind of plans builders employ, often referred to as “blueprints.” Both plans are neat, prescribed, determined — and manageable. But not all types of plans have that level of precision. In a fluid, unpredictable environment you need to have a very different understanding of plans and planning.

6 Steps to Make Your Strategic Plan Really Strategic

Harvard Business

Why is it that when a group of managers gets together for a strategic planning session they often emerge with a document that’s devoid of “strategy”, and often not even a plan ? It starts with a “vision” statement, moves on to “strategic themes” (six in all) and culminates in 28 “strategic goals.” Your strategic plan can’t be all things to all customers. Strategic planning Digital Articl

The Nuts and Bolts of the 1-Page Strategic Plan | In the CEO Afterlife

In the CEO Afterlife

The Nuts and Bolts of the 1-Page Strategic Plan. I am delighted that so many readers of the CEO Afterlife blog 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. This is the break from day-to-day operations; it is the organization’s future. Finish with the Key Strategic Initiatives. Keep the plan handy.

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. A strategy is about making a set of decision based on the current and ever changing facts of the environment that you operate in as an organization.

Your Strategic Plans Probably Aren’t Strategic, or Even Plans

Harvard Business

It happens all the time: A group of managers get together at a resort for two days to hammer out a “strategic plan.” But have they produced a plan with a strategy? At the start of my public seminars on strategic planning I ask attendees, who rank from board members and CEOs to middle management, to write down an example of a strategy on a sheet of paper. ” (I see this frequently in published strategic plans as well.)

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. This is the break from day-to-day operations; it is the organization’s future. The senior folks charged with crafting the plan must enter the process with a mindset that is analytical, intuitive and creative.

The Power of the Process

Lead Change Blog

Recently, I was engaged to lead a strategic planning exercise for a company navigating challenges resulting from the Covid pandemic. Armed with these insights, I developed a service proposal that described how we would work together in creating a strategic plan and implementing a strategic management process. I heard his urgency and affirmed our work would result in a clear plan, guiding the business forward.

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. Questions to follow in Budgeting as part of Strategic Planning and Visioning processes include: Does this process increase your accountability to funding sources and to the public? Does your strategic plan adequately describe what you do?

Strategic Leadership 2021: Lessons from Strategy Class

Lead Change Blog

Strategic leadership means leading for today, tomorrow, and beyond. It manifests through helping shape a continually evolving organizational paradigm while operating effectively in the current environment. Vision is distilled into actionable priorities, which become the day-to-day operating plan guiding all team members in performing their work. In part, this requires acknowledgment that the operating landscape is a dynamic environment in continuous change.

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

Strategy Driven

Adopt a policy of strategic planning. Strategic goals and objectives must filter downward throughout all the organization. Without goals, one cannot operate under self-control. 7 Measurements of Successful Budgeting and Planning: The business you’re in. Operations continue to streamline and are professional and productive. You just finished reading The Big Picture of Business: Goal Setting… An Important Part of Strategic Planning. !

2020 Hindsight: Learning for Tomorrow

Lead Change Blog

As businesses plan for 2021, it’s a perfect time to practice 2020 Hindsight – reviewing observations from this year for insights and learnings to leverage in the coming 12 months. In the spirit of learning from the past to create the future, here are five ideas to help you frame your 2021 business plan: Define changes about your target customer. How do these observations inform your 2021 business plan? So many terms come to mind to describe 2020: Unexpected. Uncertain.

What is Your Company’s Human Operating System?

N2Growth Blog

I like to call this collection of systems the organization’s “ Human Operating System.” ” Your firm’s Human Operating System is, of course, informed by your vision , enabled by your strategic plans and is translated into company culture. Here are the key parts of every Human Operating System: 1. To close, what does your organization’s Human Operating System look like?

Think Tomorrow, Act Today: Making Strategy Matter

Lead Change Blog

What has become more clear about our business and the way we operate this year? What parts of our operating model worked well during the height of disruption? Navigating the remaining months of 2020 and into the new year requires leaders to revisit their business activities and assure strategies still fit the rapidly evolving operating environment. . Dave Coffaro is a strategic advisor, executive coach, and author.

Strategic success through people

Lead Change Blog

Posted in Change Management How prepared is your organization to implement your strategic plan and move the necessary change forward? Strategic success requires more than a strategic plan; it requires the right employees with the right skills, in the right place, at the right time. The essence of the Strategic Plan is the set of strategies that will [.] Change Management human capital planning Management people management strategic planning

How to Speed Up Your Digital Transformation

Harvard Business

Technology Strategic planning Operations Technology and analytics Strategic planning Operations and supply chain management Digital ArticleInsights from a two-year study at one of Europe’s leading banks.

Preparing Your Business for COVID-19

Lead Change Blog

Preparations include creating a disease outbreak response plan, preparing for event cancellations, enforcing a more stringent cleaning process for offices, and cross-training employees in case some get sick or need to take care of family members who are. Planning Fallacy — We tend to believe that things will always go according to plan. Your company will need to make major changes to remain operational.

Infinite Leadership: Lessons From Nature

Lead Change Blog

What Polman clearly understood was that if you are kind to the planet and the communities in which you operate, that long-term success is inevitable. When we focus on work and business being an infinite game, we realise that it will never stop, there will always be something to do, a pivot to make, a promotion to plan. Leadership business leadership leadership growth leadership lessons Mindset strategic planning

3 Proven Ways Call Centers Can Better Streamline Operations

Chart Your Course

In particular, when it comes to improving the customer service experience and streamlining operations, today’s call center agents now have a wide array of tech solutions to resolve these matters. Here are three proven ways today’s call centers can better streamline operations and achieve greater success. Today, leading businesses are starting to see the upside of implementing cloud contact center solutions into their operations.

This Strategic Pivot to Address COVID Will Help Your Business Thrive

Lead Change Blog

After reading my book about strategic pivoting , the CEO asked me to hold a strategic retreat to help the company restrategize its plans. Apparently, operations managers were suddenly being pressured by accounting heads to justify the ROI for purchases. . Next, go on a two-day strategic retreat. Operations Day. The following day should be spent on operationalizing the strategic changes discussed on the previous day.

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How Leaders Become Strategists

Skip Prichard

As it turns out, what passes for strategy in many businesses, government agencies, and military operations is ultimately just a mix of wishful thinking and a jumble of incoherent policies. Only then can you devise an action plan for moving forward. Pinpointing the Crux.

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4 Steps to Clarify Your Leadership Intent

Lead Change Blog

The turning of the calendar page from one year to the next is an opportunity to start the new year with a clear and focused plan for your team or organization. It provides clear direction and the boundaries of operation for the troops to carry out the commander’s intent. You want team members to take responsibility for owning the goal and developing their own plans for executing against that goal.

9 Key Elements of a Flawless Gym Business Plan

Strategy Driven

A gym business plan becomes of great help in ensuring nothing is overlooked when establishing and running the operation. The plan serves as a formal document that outlines the different aspects of the business. The plan serves as a road map for the organization.

How to Write Your Business Mission Statement

Strategy Driven

Company mission statements are therefore an instrumental part of a company’s business plan or proposed integrations for development and growth. You are declaring to the world why your company operates. Tells people how you operate.

What strategy is (and what it isn’t):

Strategy Driven

The simple word “strategy” can be added to just about anything to make it sound more important or thought-out, strategic relationship building is still just going to a cocktail party or out to lunch with a potential client. Strategy is The Plan, the 360 view.

How to Boost Strategic Retreat Effectiveness

The Practical Leader

Getting your leadership team away from daily operations for a few days of reflection and planning is incredibly effective. Planning a retreat starts with clarifying 3 or 4 key objectives of the session. Establishing Our Strategic Imperatives.

7 Growth strategies to improve your bottom line

Strategy Driven

And by that they mean, they want to decrease the bottom line which is referencing the operational and overhead costs for the business. A strong training program focuses on developing functional skills, improving company processes and streamlining strategic goals.

Stop Numerator Thinking: Innovating Your Service Experience

Lead Change Blog

Numerator thinkers operate with an abundance mentality; denominator thinkers use a scarcity mentality. A local car wash operator learned about CRM (customer relationship management) in a magazine and decided to create his own version. Change Management Chip Bell Leadership Return on Investment service strategic planning What happens to most staff and support units when budget time rolls around?

3 Cost-Effective Strategies for a Modern Online Business

Strategy Driven

Call center operators. Proactive live chat provides audiovisual cues for a user to click and can be operated through either a human or AI interface and reactive chat waits for a user to engage manually. Call Center Operators.

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What Should Business Strategy Look Like Post-COVID19?

Strategy Driven

Many businesses had their operations disrupted through a lack of supplies. Secondly, you can actively prioritize suppliers who either operate or warehouse close to where you are based. Strategic Planning business management Remote Hybrid Working strategydriven Working from Home

Growth Mindset Should Be a Part of Your Business Strategy

Strategy Driven

You will also rely heavily on integrated learning tools that facilitate employees’ professional development and streamline business operation. Your purpose will be like the north star that guides day to day business operations towards a specific goal.

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. ”. Strategic Planning is one of those things that every leadership team claims to do, but, few actually perform. Certainly, the management team may have an annual Strategic Planning Off-site meeting. Like I said, “ Umm, this isn’t a strategic plan.