How to keep your strategic plan alive…
So, you’ve had a great strategy planning session with your team. Everybody left the session ready to hit your targets for the year and move the company one step closer to achieving your Big Hairy Audacious Goal.
Unfortunately, even with everyone’s good intentions, running the day-to-day business can get in the way of making progress on your annual and quarterly goals if you are not intentional about your implementation of all of your important initiatives to help you achieve your vision.
Here are some tips you can use to keep your strategic plan alive while also improving your implementation.
- Keep you plan front and centre. Do not file it away in a drawer or on your computer in a folder.
- Make sure your plans are implemention ready and pass the tests for accountability, financial success, energy and focus.
- Translate your annual plan into an achievable quarterly plan. This is where the work gets broken down into manageable priorities and actually gets accomplished.
- Create action plans to support your quarterly initiatives. This encourages you to break down the work even further into tasks or milestones and keeps you on track.
- Conduct weekly team meetings to review the progress on your key performance indicators (KPIs) and initiatives. Find solutions and make adjustments where needed to get back on track.
- Hold monthly meetings to review your strategy and your annual and quarterly plans to make sure they are still appropriate to help you hit your targets.
- Hold yourself and each other accountable to accomplish what you set out to in your planning sessions and persevere towards success.
- Lead by example. You may have heard the saying, a fish rots from the head down. Organizational leaders need to set the bar by being accountable and demonstrating good implementation habits.
- Incentivise your plans. Tie bonuses to established targets and goals.
- Share your plans with the whole company. Communicate the plan to get everyone behind it and share the progress that is being made.