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. Clearly, it’s time to reconsider how your organization goes about developing and executing strategy at all levels.

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

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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. Strategy making.

Reasons Why Strategic Plans Fail

Six Disciplines

In general, strategic plans can fail for two types of reasons: inappropriate strategy and poor execution. Inappropriate or ineffective strategies can occur due to: Failure to define objectives correctly. Lack of creativity in identifying possible strategies. Strategies incapable of obtaining the desired objective. More often than not, however, it''s not that the strategic plans fail - it''s the execution that fails.

Beyond the Findings: The Case for UX Research in Digital Transformation

Speaker: Marina Foglietta-Tereo, Head of UX Research, AXA Insurance

People often think of UX research as a tactical approach to improve the usability or visual appeal of a digital product. While good research will certainly validate an existing design, using it for validation alone would be like using your iPhone solely to tell time! Join Marina Foglietta-Tereo, Head of UX Research at AXA Insurance, as she explores the unrecognized organizational, cultural, and strategic benefits of an in-house, central and mature UXR team.

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. Strategy making.

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.

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

Strategy Driven

The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. Budgets get more attention than the umbrellas under which they rightfully belong: Strategic Planning and Visioning. Budgeting by itself is a minor piece of business strategy.

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.

Four Reasons Why Strategic Plans Fail

Six Disciplines

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. But articulating a good strategy is only the beginning. Here are four primary reasons why your strategies aren’t living up to their full profit potential: The strategy fails to recognize the limitations of the existing organization.

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

Strategy Driven

The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. Adopt a policy of strategic planning. Strategic goals and objectives must filter downward throughout all the organization. Human beings live to attract goals.

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. It's a great way to continually remind and align team members to your organization's strategy.

OKRs: A Simple But Awesome Strategy to Get Stuff Done

Evolution4all

Often, the strategic plans and goals of the company are too high-level and abstract that employees don’t just feel lost, but also feel discouraged and find lack of purpose. They are strategies used to perform those tasks. Connecting Strategy

SWOT or SOAR? – Strategy and tools in business

Rapid BI

Strategy and tools in business appeared first on RapidBI. 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?

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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. The year's strategy should be based upon these. 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

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. The year's strategy should be based upon these. 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

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: “ Oh, great! ” Strategy Consultant: “ OK, thanks. ” So, what is a strategic plan?

Strategy Driven – A Reality Check

Strategy Driven

Most modern organizations claim to be 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. As a strategy statement, it couldn’t be clearer.

How To Create An Effective Business Strategy

Strategy Driven

You wouldn’t make a cake without a recipe, you wouldn’t drive somewhere you’ve never been before without looking at the map, and you shouldn’t run a business without a strategy. Some people underestimate the importance of a business strategy and particularly writing it. 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.

How To Differentiate Your Strategy Through Competence and Talent

Let's Grow Leaders

Many companies have trouble articulating that answer, says Steve Van Remortel, author of the new book Stop Selling Vanilla Ice Cream: The Scoop on Differentiating Your Company Through Strategy and Talent. After helping hundreds of companies build successful strategies, Steve asserts: “There is no difficulty any [.] The post How To Differentiate Your Strategy Through Competence and Talent appeared first on Let's Grow Leaders.

Every Strategy Is Different

Strategy Driven

There may only be minor differences, but these can make a big difference when it comes to planning a marketing strategy. You may think that using an agency is outside of your budget although, to be honest, they are usually very good at putting strategies together.

Effective Strategies For Business Growth

Strategy Driven

There are many effective strategies for growing a business in any industry so consider any of the following when you are ready to take the next step. Form A Strategic Alliance. Strategic Planning business management Scaling Your Business strategydriven

Get Off The Strategy Merry-Go-Round

N2Growth Blog

Global Practice Chair, Strategy N2Growth. Most organizations, and even most strategy consultants, are using strategic planning frameworks built for business models that were designed during the industrial age. IT’S TIME TO INNOVATE STRATEGY. STRATEGY INNOVATION.

The “Next Practices” of Strategy-Setting

N2Growth Blog

Are your strategic planning practices flat and uninspired? Have you reduced your planning process to a once per year, budgeting exercise? Do your senior people feel disengaged and removed from your strategic planning? Does the rank and file even understand what’s in your strategic plan? I’ve written extensively about next practices in the past, and, have not described the ways in which they can be used to serve your strategic planning.

Don’t Forget to Connect Customer Service Week with Strategy

Strategy Driven

Or it might be five days riddled with a host of activities that have been carefully planned but focus more on the fun than the functional. In many cases, Customer Service Week falls flat on strategy. Are your planned activities fun and functional?

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.

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

Strategy Driven

Strategy : planning, tactics, organizational development. Research leads to planning, which is the best way to accomplish tasks and benchmark success. At this level, advisors recommend that sufficient planning be conducted… please take their advice.

Finding Strategy Jobs in London

Strategy Driven

As you may know, a career in strategy or strategic planning implies you helping a corporation design their road to profitability and growth while overcoming competition and constant change. You can start your career in strategy at! Finding Strategy Jobs.

20 Interesting Behaviors of Strategy Tourist

Strategy Driven

Let me start by reassuring you: the chances that you are a strategy tourist are close to zero. But I’m sure you do know a strategy tourist. They like to restart a new strategy exercise every year. I call the opposite of a strategy tourist a Strategy Execution hero.

What Is the Best Mindful Business Strategy?

Strategy Driven

A new area for mindfulness is how business strategies are developed. Strategy development and mindfulness are a great combination, and the best mindful business strategy starts with a simple concept – Be present. However, many businesses are not present, especially when it comes to making a decision and moving forward with a strategy. Strategically Stuck. The strategic step forward is frozen, and nothing happens. Being Present: A Business Strategy.

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.

Product Strategy: How to Find Product/Market Fit

Altexsoft

So, finding a product/market fit and documenting it with a product strategy is what we’re going to talk about in this article. What is a product strategy? A product strategy is what you are going to do with your product in the near term, usually within a year.

How to Drive Strategies By Assessing Your Company Capabilities

N2Growth Blog

Once a solid profile is established, it can be used to inform the strategic planning processes used to build a winning strategic plan. Assess your company across these 4 capability dimensions presented below to determine the best strategies for your firm: Managerial.

The Nine Building Blocks of Innovating New Strategic Alternatives

Strategy Driven

When organizations consider stepping outside of their traditional boundaries to engage with other players in new types of business innovations, they are often a bit lost in how to go about developing such a strategy process.