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 Main Reasons Strategic Planning Fails

Nathan Magnuson

Human Resources Leadership Organizational Effectiveness planning Strategic PlanningWhen I was a college student, my New Venture Studies class had the opportunity to advise a local resident starting his own coffee shop.

The Main Reasons Strategic Planning Fails

Nathan Magnuson

Human Resources Leadership Organizational Effectiveness planning Strategic PlanningWhen I was a college student, my New Venture Studies class had the opportunity to advise a local resident starting his own coffee shop.

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

Do You Know How To Do Strategic Planning CIO?

The Accidental Successful CIO

CIOs need to know how to go about creating a strategic plan for their company Image Credit: Kyle Van Horn. If you ask any CIO to participate in creating a strategic plan for his or her company, you’ll probably see their eyes light up.

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. Given the value strategic and annual business plans represent, how much should be invested in their development? Strategic Planning Best Practice 7 – Shared Accountability.

Reasons Why Strategic Plans Fail

Six Disciplines

In general, strategic plans can fail for two types of reasons: inappropriate strategy and poor execution. More often than not, however, it''s not that the strategic plans fail - it''s the execution that fails. Here are some common reasons how or why execution falls short of the strategic plan: Over-estimation of resources and abilities. Failure to follow the plan.

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.

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 Thinking vs. Strategic Planning

Six Disciplines

Are strategic thinking and strategic planning - the same thing? While they certainly related and complementary, thinking strategically and planning strategically are two different concepts. Let's first consider strategic thinking , which involves viewing your organization from a holistic perspective. Research has determined that strategic thinking can be explained through seven dimensions: A vision of the future.

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?

CEO Gary Harpst on Strategic Planning (podcast)

Six Disciplines

Six Disciplines founder and CEO Gary Harpst recently appeared on Jim Blasingame's Small Business Radio , for an interview focused on strategic planning. Gary Harpst joins Jim Blasingame to discuss the importance of long-term strategy when planning internal projects, plus tips to help you keep strategy planning on your mind.

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. 7 Measurements of Successful Budgeting and Planning: The business you’re in. Human beings live to attract goals.

Four Reasons Why Strategic Plans Fail

Six Disciplines

Strategy Activation is the new bridge that spans the chasm between strategic intent and marketplace implementation. Without this, your strategic vision will remain a presentation and nothing more Scott Glatstein, who writes for the American Chronicle, offers this article " Business Strategy Execution: 4 Reasons Why Your Company’s Strategy Isn’t Working.". Your business strategy defines your company’s intent.

Strategy Execution Newsletter - September 2011 - The Strategic Planning Edition

Six Disciplines

Strategic Planning: THIS Time, Do It Differently - Do It Right ! In business, it means closing out Q3, leading to the final quarter of the year, and the annual strategic planning season. How will you approach your strategic planning session this year? Even top-performing companies undertake a time-consuming strategic planning process that unfortunately leaves many executives frustrated with the results. Tis The Season for Strategic Planning.

Strategy Execution Newsletter - September 2011 - The Strategic Planning Edition

Six Disciplines

Strategic Planning: THIS Time, Do It Differently - Do It Right ! In business, it means closing out Q3, leading to the final quarter of the year, and the annual strategic planning season. How will you approach your strategic planning session this year? Even top-performing companies undertake a time-consuming strategic planning process that unfortunately leaves many executives frustrated with the results. Tis The Season for Strategic Planning.

Best Practices For A Strategic Planning Retreat

Six Disciplines

CEO Gary Harpst on Strategic Planning (podcast)

Six Disciplines

Communicating Your Strategic Plan - Make Every Word Count

Six Disciplines

How many words does your organization's strategic plan have? How about your strategic position? How many of your organization's team members have ever even read your mission, vision, values, and strategic position? BOTTOMLINE: It's not enough to simplify and make every word count when it comes to your organization's mission, vision, values and strategic position. The Lord's Prayer has 50 words. The Ten Commandments have 297 words.

The Usefulness of SWOT Analysis Before Strategic Planning

Six Disciplines

Step Back , is to get your leadership team to use their experience and judgement to begin narrowing the focus of planning toward your organization's most important strengths, weaknesses, opportunities and threats. Decide What's Important , where the leadership team updates the strategic direction of the company for the upcoming year -- and, the repeatable cycle of the Six Disciplines strategy execution program begins again Leveraging strengths. Minimizing weaknesses.

The Usefulness of SWOT Analysis Before Strategic Planning

Six Disciplines

Step Back , is to get your leadership team to use their experience and judgement to begin narrowing the focus of planning toward your organization's most important strengths, weaknesses, opportunities and threats. Decide What's Important , where the leadership team updates the strategic direction of the company for the upcoming year -- and, the repeatable cycle of the Six Disciplines strategy execution program begins again Leveraging strengths. Minimizing weaknesses.

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 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.

Alternative Development Best Practice 2 – Organizationally Developed Options

Strategy Driven

Why then are so few employees involved in the strategic planning process? Engaging employees gains their ‘rubber meets the road’ customer and process experiences and earns buy-in it for the plan’s implementation.

How To Create An Effective Business Strategy

Strategy Driven

It is an action plan that details the concrete steps needed to attain your goals—usually covering the coming year—a timetable for each task, a description of who will do what, and a follow-up process. Strategic Objectives. Tactical Plans.

Key Steps To A Successful Business Strategy

Strategy Driven

Before opening the doors to your new business, you need to make sure you have a plan of action and a set of goals in place. Creating a Strategy Plan. This company provides an array of online tools to help businesses develop a strategy plan and how to properly implement them.

4 Principles Guiding My Company’s Mission to Make Fresh Organic Meals Accessible for Everyone

Strategy Driven

We’ve targeted corporate wellness programs with the vending machines, but we plan to take a more mainstream approach in the coming years. Strategic Planning business leadership business management mission statement strategydriven

How to Think Like a Futurist

Strategy Driven

Futurists use tools that systematize these recommendations including scenario planning, environmental scanning, Delphi surveying, and individual software programs like Fibres, Futures Platform, and Athena.

SWOT or SOAR? – Strategy and tools in business

Rapid BI

Management Ai analysis appreciative inquiry Aspirations Diagnostics minifig models+theories Opportunities results SOAR SOFT strategic strategic planning Strategy strategy tool Strengths SWOTTime to SOAR or SWOT? Some people have argued that it is time to move on from SWOT analysis to other things – in this piece we explore SOAR analysis an Appreciative Inquiry tool. The post SWOT or SOAR? – Strategy and tools in business appeared first on RapidBI.

Tools 45

Unleashing Breakthrough Results

Let's Grow Leaders

Business Acumen Change Culture Empowerment Execution Vision collaboration shareholder value strategic planning teamwork Therese Kinal unleashing unleashing the future of work Many of the approaches we take to solving problems, do just that. Solve problems.

Strategy Driven – A Reality Check

Strategy Driven

The Oxford dictionary defines strategy as “a plan of action designed to achieve a long-term or overall aim.” People tend to focus on the word “plan” in this sentence. A plan is an intention to do things in the future, but you can’t objectively study or observe an intention.

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

Strategy Driven

Every person in the company matters to its success. Every job is important, as is filling them with the best people for each job. The art and skill of being great support staff is a cornerstone of business success.

Film 45

The Big Picture of Business – Ethics… Good for Business

Strategy Driven

As part of strategic planning, ethics helps the organization to adapt to rapid change, regulatory changes, mergers and global competition. In order to succeed and thrive in modern society, all private and public sector entities must live by codes of ethics.

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. Strategic Planning business management Scaling Your Business strategydriven

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. The month of September saw natural disasters. In times of crisis, people came together to help each other.

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 detailed action plans support each major strategy? There are many romantic notions about entrepreneurship.

Free Business Plans for Small Business Owners and Start-ups

Strategy Driven

Because that’s the thing – your business plan is important. Moreover though, a solid business plan is a living document that will continue to guide your efforts as your business grows. A lot of those mistakes are the result of poor planning.

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. To help you achieve a good business plan that will help you succeed, ensure you include these three points: Market Analysis.

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

Strategy Driven

Relate Articles: Strategic Planning Best Practice 10 – Future Focus. Strategic Planning Best Practice 9 – Avoid Using Jargon. The Big Picture of Business: Putting Budgeting Into Perspective, The Bigger Picture of Strategic Planning.

Finding The Time To Be Strategic

The Accidental Successful CIO

CIOs know that they need to be strategic, but where is the time? Pick up any IT trade journal and you’ll probably find an article that is telling CIOs that because of the importance of information technology they need to get a seat at the company’s planning table.