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 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
Why plan for 2018?
Category: Leadership
Developing strategy, goals and a plan for 2018 will take time and resources. It requires the time and commitment of some of the most highly paid and highly experienced people in your company. So, if your team isn’t willing to invest what is needed, I recommend that you don’t do it. Poor planning is often…
Tags: | Strategy Development
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
Planning for 2017
Category: Blog | General | Strategy
It is staggering to think that only 8% of UK businesses have a documented plan. Perhaps unsurprisingly, these businesses account for over 80% of all profits made by UK companies. There is a clear message here – if you plan you are more likely to succeed. It is at this time of year businesses start…
Tags: | planning, Strategy Development
How to develop your strategy
Category: Strategy
I often come across companies that make strategy much harder than it needs to be. For some, the problem is that they focus too much on the latest strategy tools: SWOT analysis, customer analysis, competitor analysis, financial modelling, etc. Other people struggle because they think it’s all about the broad, conceptual, big picture stuff but…
Tags: | strategy, Strategy Development
How to develop a high growth strategy….
Category: High Growth Ideas | Strategy | Strategy Implementation
I often come across confusion as to what a strategy is. At its simplest level a strategy is about a focused effort at all levels of the business on how you’ll ‘win’ in the marketplace. When done effectively, the ability to rally a team (whatever the size) around a common strategic direction becomes a point…
Tags: | Strategy Development
Is strategy or implementation more important to success?
Category: Strategy | Strategy Implementation
I was recently asked in a coaching session “is strategy or implementation more important to success?” Clearly both are important, but let’s go a little deeper. The last research I saw on this (led by Ram and Charan) looked at hundreds of CEO’s who had been fired in public companies. The research explored the question:…
Tags: | implementation, Strategy Development
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