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
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
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