The Discipline of Annual Planning
Category: Blog | Strategy
As we approach the end of the year many executive teams are gathering in conference rooms for the yearly ritual of annual planning. Why is this such an important ritual? According to an article in McKinsey Quarterly, “For those working in the overwhelming majority of corporations, the annual planning process plays an essential role. In…
Tags: | planning, strategy execution
Why Have a Strategic Planning Meeting?
Category: Blog | Strategy
The more I facilitate strategic planning meetings, the more I recognise the challenges that business leaders face wanting to create change and a develop a new future for your organisation. You may understand the importance of strategic planning, but does the rest of your leadership team? If you’re talking to someone who has never done…
Tags: | Strategy Development
How to share your strategic plan
Category: Leadership | Strategy | Strategy Implementation
At the end of all High Growth strategic workshops we allocate time to developing a communication plan on how to share the vision and strategy with the wider team. Communicating your strategic plan and vision just one time is not going to be enough. You need to constantly and consistently engage your team in the…
Tags: | communication, strategy execution
How Often Should I do Strategy Planning?
Category: Blog | Strategy
I often encounter questions about the frequency that businesses should update their strategic plan, such as: how often should strategic planning be done or how often should we update our business strategy? The answer is: it depends! Each business operates within a system, influenced by both internal and external forces, including technological changes, industry disruptions,…
Tags: | Strategy Development
The Four Areas of Business Focus in 2018: Part 2
Category: Blog | Strategy
In last weeks blog I highlighted two key areas I believe all high growth businesses must focus on in the next 11 months to ensure success and stay ahead of competitors. This week I want to cover the other 2 areas which if focused on in 2018 will have a disproportionate positive contribution to the…
Tags:
The four areas of business focus in 2018: Part 1
Category: Blog | Strategy
We are now almost a month into 2018! With a new year comes fresh motivation and numerous opportunities. In this blog I want to highlight the key areas I believe all high growth businesses must focus on in the next 11 months to ensure success and stay ahead of competitors. This is by no means…
Tags: | strategy
The Foundations of Business Success
Category: Strategy
Recently I was fortunate to spend time with some of the UK’s top entrepreneurs. In discussion I asked them “what does it take to launch a successful business?” Here are the five key factors they came with. An innovative business idea If you want to survive in business, especially in a competitive industry, you need…
Tags: | success
The Cost of Poor Planning
Category: Strategy
Annual and quarterly planning sessions can expensive. Let me illustrate: Based on their salaries, write down the hourly cost of having your executive team in a room together for 2 days. Calculate any travel expenses, meals, meeting spaces, etc involved in bringing the team together. Write this number down, too. If you use a facilitator…
Tags: | Strategy Development
Have You Determined where your company wants to ‘play’?
Category: Strategy
Determining where you company wants to ‘play’ is a key part in developing your strategy that will have a huge impact on how successful and profitable your company will be. Let’s look at four questions to help you define where you want to ‘play’. What will you sell? This sounds like a pretty simple question,…
Tags: | Strategy Development
How to get over obstacles…
Category: Leadership | Strategy
The most important step in achieving any goals is identifying everything that’s standing in your way. Most people don’t seek out obstacles. It can be tough to get past them and daunting sometimes to even think about them. For many successful business leaders, though, obstacles are actually a necessity. They come up whenever they create…
Tags: | leadership, Strategy Development
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