How to Create a Dynamic Strategic Plan in an Unpredictable World

Jesse Lyn Stoner Blog

The traditional approach to strategic planning might be obsolete in this fast-paced, unpredictable world. But it does not mean that planning is useless. Creating a dynamic strategic plan will enable you to respond quickly and to be creatively proactive. The problem with the traditional planning approach is – it doesn’t work. Technology has fundamentally disrupted the way we communicate and the way we do business.

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.

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Strategic Planning with Biel’s Document Management

Mike Cardus

For the 3rd year in a row I had the pleasure of facilitating Biel’s Document Management Strategic Plan. We provide innovative document management solutions using digital and microfilm technology. Strategic Planning Objectives: Develop strategic plan for 2014+. Develop, update and refine plan through 2014. Below are some photos of the strategic planning process.

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? How can leaders boost the half-life of their strategic plans? Quality of the Planning Process. Backsliding can start as early as the planning process, so no wonder my friend witnessed it so soon. by Gary Cohen.

Strategic Planning – Motivation 2.0

CO2

Recently, when working with clients to bring the strategic planning process out of the board room and into mail room, we brought to life Motivation 2.0. Every company can implement strategic planning by involving all or many employees at every level. In the many years running our business when ever we brought the planning process across all levels those were the years that we found the greatest success. How far do you reach with your strategic planning?

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. If you don’t label it, measure it then you’re apt to not evaluate it in your process of strategic planning.

How Do I Prepare My Team for an Uncertain Future? (Video Interview)

Let's Grow Leaders

T- Technology. 4 Strategic Questions to Have With Your Team Before Year End. Asking For a Friend Featured By Karin Hurt strategic planning uncertain future uncertaintyImportant Conversations to Prepare for an Uncertain Future.

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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.

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. If you don’t label it, measure it then you’re apt to not evaluate it in your process of strategic planning.

Weekly Round-Up: On the Business Efficiency of Integrity, Effective Strategic Planning & Maximizing Productivity

leaderCommunicator

Rometty, IBM’s chief executive, described her mission as leading the technology giant through a ‘transformation’ that would…”. 9 Steps to Effective Strategic Planning By Melcrum “Need to develop a strong and compelling strategic communication plan? Welcome to my weekly round-up of top leadership and communication blog posts. Each week I read and tweet several great articles and on Fridays I pull some of the best together here on my blog.

LESSONS FROM THE LIVING ROOM: Leadership Lessons Learned From Parenting

CEO Insider

CEO Insider Social Platforms Insider Social Responsibility Insider Strategic Planning Insider Strategic Thinking Insider Strategy Execution Insider Strategy Insider Stress Insider Succession Planning Insider Supply Chain Insider Sustainability Insider Talent Management Insider Technology Insider

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.

Banking System: Managed Economies vs. Capitalist States

CEO Insider

CEO Insider Social Platforms Insider Social Responsibility Insider Strategic Planning Insider Strategic Thinking Insider Strategy Execution Insider Strategy Insider Stress Insider Succession Planning Insider Supply Chain Insider Sustainability Insider Talent Management Insider Technology Insider

How SWOT Analysis Harms Leaders

Lead Change Blog

In the context of our increasingly disrupted, globalizing, and multicultural world, leaders greatly appreciate the security and comfort of clear-cut strategic plans for the future. Tragically, popular strategic business analyses are deeply flawed and give a false sense of comfort and security to business leaders. For example, consider Saraj, a technology startup founder. Professional Development SWOT Bias blind spots oversight strategic planning

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How to Use Correlation to Make Predictions

Harvard Business

Decision making and problem solving Strategy execution Strategy formulation Strategic planning Technology and analytics Analytics and data science Performance indicators Digital Article

7 Growth strategies to improve your bottom line

Strategy Driven

Many businesses try to give customers special discounts and coupon options if they choose prepaid options or pay within a specified period through affordable instalment plans. Strategic Planning business management digital marketing strategydriven Upselling

What Should Business Strategy Look Like Post-COVID19?

Strategy Driven

Leveraging technology may be key to your post-COVID19 success. It’s probably fair to say that many businesses use technology but don’t really leverage it effectively. Unless technology is your business, you may struggle to understand what it could mean for you.

Are You Ready for the Quantum Computing Revolution?

Harvard Business

Technology Strategic planning Digital ArticleStudies predict it will be a multibillion-dollar industry by the end of the decade.

3 Cost-Effective Strategies for a Modern Online Business

Strategy Driven

Embracing and utilizing new and emerging technologies is always a viable and trusted method of engaging with the public and taking your business into an optimal configuration that both clients and employees alike will expect.

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Strategy’s strategist: An interview with Richard Rumelt

First Friday Book Synopsis

To read the compkete interview, please click here. * * * A giant in the field of strategy ruminates on strategic planning, diversification and focus, and [.]. Here is an excerpt from an interview of Richard Rumelt co-conducted by Dan P. Lovallo and Lenny T. Mendonca and featured by McKinzey & Company’s McKinsey Quarterly (November 2007).

Growth Mindset Should Be a Part of Your Business Strategy

Strategy Driven

Technology-based employee training offers a stack of solutions that address all parts of their learning needs. Strategic Planning business strategy Growth Mindset strategydrivenAn organization that embraces a growth mindset positions itself to thrive.

Predicting Consumer Demand in an Unpredictable World

Harvard Business

Sales & Marketing Strategic planning Technology Digital ArticleDon’t abandon forecast modeling. Just change how you do it.

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.

How to Make Cybersecurity a Top Priority for Boards and CFOs - SPONSOR CONTENT FROM DXC

Harvard Business

Security & privacy Technology Strategic planning Sponsor ContentSponsor content from DXC.

8 Things Every Small Business Needs To Consider When Expanding

Strategy Driven

If expanding your business financially seems like a good idea, then with the right planning it might prove quite successful. When planning an expansion, minimise risk and look at these regulations earlier instead of later.

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. The Disconnect puts the sales team outside of the strategic conversation. Typically, Finance, Marketing, and Operations all have input, direct or indirect, on the creation and revision of the strategic plan.

Think Rhythm: Put Thinking Time to Work

Coaching Tip

But is the ability to juggle “Facebooking” a friend while scanning an email, texting on your cell phone, and tweeting about your latest technology tip really such a good idea?”. Most executives would agree that it is important to spend time thinking strategically about the future of their businesses. They fail because they do not have a clear and simple way to get this strategic thinking time into their company routine or regular flight path.

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5G’s Potential, and Why Businesses Should Start Preparing for It

Harvard Business

The technology will allow for a range of new products and services. Internet Mobile Strategic planning Digital Article

How to Think Like a Futurist

Strategy Driven

Now, in 2019, I think anything beyond 10-15 years is reasonably futile because we bump up against the technological singularity (the time when machine intelligence becomes so sophisticated that it causes currently unfathomable changes to human existence). Futurists use tools that systematize these recommendations including scenario planning, environmental scanning, Delphi surveying, and individual software programs like Fibres, Futures Platform, and Athena.

To Outsource Is To Grow: Why It’s Good To Hand Over The Reins

Strategy Driven

But what about those times when you have a special project or need help to explore emerging technology? Making use of modern communications technology makes it easy to share projects and get the same quality of work as you would get from your local town. Relate Articles: Strategic Planning Best Practice 10 – Future Focus. Strategic Planning Best Practice 9 – Avoid Using Jargon.

Disney+, Notre Dame Donations Spark a Backlash, and Mihir’s New Book!

Harvard Business

Technology Strategic planning Economics & Society Finance & Accounting AudioYoungme, Felix, and Mihir discuss the upcoming launch of Disney’s new streaming service (Disney+), as well as the backlash sparked by billionaires pledging money to repair Notre Dame Cathedral. They then do a bonus segment about Mihir’s new book, “How Finance Works.”

Effective Strategies For Business Growth

Strategy Driven

Form A Strategic Alliance. A strategic alliance works when two complementary companies who are not competitors strike up a professional relationship where one supports the other. The key to success with a strategic alliance is finding a suitable company as, in addition to not being a competitor, it must also be a brand that shares similar values to your own. Invest In New Technology & Software.

Three Important Points to Include in Your Business Plan

Strategy Driven

Business plans are a prelude to success, and failing to create one is a mistake that too many small businesses make. Not only can a great business plan help you achieve success by driving your efforts in a more calculated manner, but it can also help you gain the funding that you need from either banks or investors. To help you achieve a good business plan that will help you succeed, ensure you include these three points: Market Analysis.

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

Strategy Driven

Business evolution is an amalgamation of thoughts, technologies, approaches and commitment of the people, asking such insightful questions as: What would you like for you and your organization to become? 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. Every one of them has a problem today.” He then pointed to others standing in line, not yet having been served. He added that “every one of them has a problem.”

Can You Really Turn a Hobby into a Business? part 3 of 3

Strategy Driven

And because technology now enables work to be a thing you do rather than a place you go, the opportunity to identify and develop unique career pathways is greater than ever! We’re blessed, as a society, with an unprecedented combination of time, technology, information, and the quantified self: yes, we want it all. Strategic Planning business management marketing and sales Nick Goode strategydriven turning a hobby into a 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. I ask clients to do so without using the words: ‘technology,’ ‘sales,’ and ‘solutions.’ Technology is a tool, which feeds into tactics. Generate select strategic options.

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. By seeing the daily changes resulting from the planning, companies are poised to rise above the current daily crises. In mounting your next strategic Planning process for your company, go back and analyze what elements from the past can be rejuvenated as your future.

What Is the Best Mindful Business Strategy?

Strategy Driven

a conference that blends mindfulness with technology, leadership, and culture, hosted over 2,400 participants earlier this year. Strategically Stuck. The strategic step forward is frozen, and nothing happens. Millennials are patiently doing the work in the presence of strategic change. Older generations need to adopt a mindful strategic approach and embrace the next generation in their strategic efforts. Mindfulness garners a lot of recent attention.

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

Strategy Driven

Many people used to do the same thing with the word ‘technology,’ using it far from its reasonable definitions. These clichés do not belong in business dialog, in strategic planning and in corporate strategy. These expressions are trite and reflect a copy-cat way of talking and thinking: ‘Solutions’ is a tired 1990’s term, taken from technology hype. Words count. Put together, they reflect corporate culture.

Choose the Best Equipment for Your Business with These Quick Tips

Strategy Driven

For example, leasing means you can keep up with developing technology more easily. Alternative Selection alternative development business equipment business management lease versus buy Strategic Planning strategydrivenPhoto courtesy of MathKnight. Every business needs some kind of equipment to run. For some it might be computers, for others, it could be heavy machinery. Whatever equipment your company needs, you need to take the time to select the right products.

The Big Picture of Business – Collaborations, Partnering and Joint-Venturing… Priority for Business.

Strategy Driven

The client is opening new locations in new communities and asks its consultants to formulate a plan of action and oversee operating aspects. Vendors, trainers, computer consultants and other consultants who strategically team with clients to do business. Hardware, software and component producers revolutionizing the next generation of technology. Strategic Planning

Four Questions to Ask Before Scaling Your Business

Strategy Driven

A shockingly large percentage of startups fail because they fall in love with their technology or innovation and miss the fact that it doesn’t solve a problem for the customers described in Question 2. Before that, he was the COO of ReadWriteWeb, one of the most influential sites about the future of technology and innovation. Strategic Planning business growth business strategy Sean Ammirati strategydriven the science of growth

The End Of Long-Term Planning

Strategy Driven

At the end of a particularly long and grueling strategy meeting with the executive team of a major consumer services business, Alan, the chief executive officer, turned to me and said, “Living quarter by quarter is madness, but in a few years’ time people will laugh at us for developing three-year plans.” With the pace of business change today, driven by technology and globalization, long-term plans last about as long as an ice storm in the desert.