Establishing your meeting rhythm after developing your strategic plan
Category: Strategy | Strategy Implementation
Picture this: You’re a managing director, and you have just finished developing your strategic plan with your leadership team. You’ve reached alignment on your company’s vision and purpose, and you’re clear on your strategic priorities, goals and action items. Now, what do you do? Often, companies are left with a stack of papers or a strategic…
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How to define a company’s purpose……
Category: Blog | Strategy
There are a host labels out there that can describe a company’s direction? Do we really need a “purpose” to add to this list? I believe we do. Below I have pulled together a list which starts to distinguish between the various direction led labels. A vision statement says what the company wants to be…
Tags: | Strategy Development
How do you nurture strategic thinking throughout your company?
Category: Blog | Strategy
“Good ideas can come from anywhere.” Most of us recognise the wisdom in this quote, yet we still see strategy as the realm of a company’s senior leaders. That may be because of our tendency to equate strategic thinking with strategic planning. Although these practices are related and equally necessary for a company’s success, they…
Tags: | Strategy Development
How to get your employees engaged with your strategy…
Category: Blog | Strategy
Have you ever been asked “Why are we doing this initiative?” or “Why did we stop focusing on this activity?” These seem like innocent questions, but as a business leader, you might start to worry. The answers are in your strategy, and whether it was just launched last week or is in your plan from…
Tags: | Strategy Development
Why Strategic Planning is Important
Category: Blog | Strategy
“If you don’t know where you’re going, any road will take you there.” – Lewis Carroll, as paraphrased by George Harrison According to Investopedia one of the key reasons business fail is not having any type of strategic plan. If a business has little idea where it is headed, it will wander aimlessly without direction,…
Tags: | Strategy Development
Key Steps to Strategic Planning – Part 2
Category: Strategy
To stay on the growth path in 2020, alignment on a vision, strategy, and key initiatives is essential. By having participation and alignment across your company in the planning process, you can be certain that each team knows it’s part in the success of the company.Last week we covered the first 3 stages of effective…
Tags: | Strategy Development
Key Steps to Strategic Planning – Part 1
Category: Blog | Strategy
To stay on the growth path in 2020, alignment on a vision, strategy, and key initiatives is essential. By having participation and alignment across your company in the planning process, you can be certain that each team knows it’s part in the success of the company. Here’s a high-level overview for a company with a…
Tags: | planning, Strategy Development
5 Reasons why your strategic plan won’t work
Category: Blog | Strategy | Strategy Implementation
Time again, businesses hold strategy days, plan retreats and spend money on strategic planning sessions that don’t produce any lasting results. The session may go well and produce a sensible and comprehensible plan for everyone to follow, but progress hardly takes form. The plan barely gets off the ground before it’s pulled back down to…
Tags: | strategy execution
How to stay on track…..
Category: Blog | Strategy
You’re sitting on a plane from London to New York. How much of the time is it sticking to the flight path? 90 percent of the time? 70 percent of the time? 50 percent of the time? The correct answer is never. Sitting beside the window, gazing out at the edge of the wing, you…
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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
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