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How to Improve Your Strategy Implementation and Implement-ability
What is your biggest strategic planning problem? I always ask seminar attendees “What is your biggest strategic planning problem right now?” I inevitably hear the response “Strategy Implementation”. Without question, this is one of the biggest issues for any company trying to accomplish anything at a strategic level. Execution seems to inevitably fall short of […]Continue reading
Successful Objectives – The What and the Why
Objectives are one of the key outputs of the strategic planning process. Your team’s strategic planning discussions accomplish three broad results. First and foremost are your strategies: Strategies are your sense of vision as to the course and direction of the company. What will you do in each of your market segments – your core […]Continue reading
Strategy Execution Problem?
As you know from the Simplified Strategic Planning book and seminar, execution is the Achilles’ heel of strategic planning. Although the Simplified Strategic Planning approach is the best approach to strategy execution we’ve seen, your execution may fall behind. So – what is the best way to handle getting behind in your strategy execution? First, […]Continue reading
Why is Commitment Crucial to Strategy?
Why is commitment crucial and how does an organization get and keep it? Commitment means that senior management and key personnel throughout the company buy-in to driving the company forward to reach its objectives. Therefore, they have committed to the success of the company. Furthermore, they execute the strategies of the organization as effectively as […]Continue reading
Implementation pitfalls are common in strategic planning. But why is this – and what can we do about it? We’ve noticed six very common issues that have hindered execution at companies we’ve worked with, and none of them is intractable. The most common implementation pitfalls are: Overcommitment Poorly defined objectives Poorly crafted implementation plans Hidden […]Continue reading
Strategic Management – Step Three: Monitoring the Process
Monitoring the Process If you don’t know where you are going, you’ll probably wind up somewhere else. Even with a clear implementation plan it’s possible to lose track of whether you are accomplishing your goal. For example, imagine the challenge faced by the engineers of the American transcontinental railroad. The strategic vision was that coast to […]Continue reading