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Operationalizing Your Strategic Plan
 

Operationalizing Your Strategic Plan

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    Operationalizing Your Strategic Plan Operationalizing Your Strategic Plan Presentation Transcript

    • OPERATIONALIZING YOUR STRATEGIC PLAN 1   h$p://strategy-­‐consul5ng.ca/   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Operationalizing Your Strategic Plan Approach 2   Engagement  Within     Your  Organiza5on   Inability  to  Transi5on     Your  Strategy  to  Ac5on    2   Failure  to  Conduct     Regular  Reviews  3   Employee  Ac5on  Not     Aligned  to  Your  Strategy  4   1   Solu5on  #1     Solu5on  #2   Solu5on  #3   Solu5on  #4   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Critical Issue #1: Engagement Within the Organization “Actively disengaged employees -- the least productive -- cost the American economy an estimated $350 billion per year in lost productivity.” -  The Gallup Business Journal 3   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Solution #1: The Engagement Conversation Key  Player     Manage  Closely   Keep  Informed       Two  Way   Communica5on   Keep  Sa5sfied   Keep  Informed   Influence High Priority Low Priority Low Priority Moderate Priority Moderate Priority High Priority Interest •  Vision? •  S.W.O.T 4   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Critical Issue #2: Inability to Transition Your Strategy to Action Strategy Strategic Plan Individual Plan “Companies realize only 63% of the financial performance their strategies promise because of defects and breakdowns in planning and execution. More than 1/3 placed the figure at less than 50%.” - Harvard Business Review, Fall 2004 5   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Solution #2: Project Plan and Scorecard 6   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Critical Issue #3: Failure to Conduct Regular Reviews “Less than 15% of companies make it a regular practice to go back and compare the business’s results with performance forecast.” -  Harvard Business Review, Fall 2004 7   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Solution #3: Establish the 3 Types of Meetings Tac5cal  Review   Review  current  status  of  weekly  ac5vi5es  and  progress   since  last  mee5ng.   1   Quarterly  Strategic  Review     Discuss  strategic  or  higher  level  issues  that  effect  the   medium  to  long  term.   2   Annual  Management  Review   Review  all  inputs  and  outputs  of  the  management  system   ensuring  their  con5nuing  suitability  and  effec5veness.     3   8   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Critical Issue #4: Employee Action Not Aligned to Your Strategy “Only  7%  of  employees  today  fully  understand  their  company’s  business  strategies  and  what’s  expected  of  them   in  order  to  help  achieve  the  company  goals.”       -  Driving  Success:  The  Incredible  Power  of  Company-­‐Wide  Goal  Alignment.  SuccessFactors  2007   9   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
    • Solution #4: The Weekly Productivity Transformer 10   Tac5cal  Review   Review  current  status  of  weekly  ac5vi5es  and   progress  since  last  mee5ng   1   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013 Weekly Productivity Transformer TM ! ! Profit Driver SolutionTM Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. April 2013 IA.FS.PDS.001.A0 Make It Stick ! Name:! ! Date:!! ! ! Positive(Focus(of(the(Past( Week( Why(is(it(a(positive(focus?( Emerging(Challenges( What(actions(can(be(taken( to(overcome(the(challenge?( ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Current(Challenges(( What(immediate(actions(can( be(taken(to(overcome(the( challenge?(( Priority(Deliverables(for(the(Quarter( ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! Stewardship(Reporting(( Key(Priorities(for(the(Week(( Status( When( Who( ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! !
    • Operationalizing Your Strategic Plan Solutions to the 4 Critical Issues 11   Engagement  Within     Your  Organiza5on   Inability  to  Transi5on     Your  Strategy  to  Ac5on    2   Failure  to  Conduct     Regular  Reviews  3   Employee  Ac5on  Not     Aligned  to  Your  Strategy  4   1   The  Engagement   Conversa5on   Project  Plan  and  Scorecard   Establish  the  3  Types  of   Mee5ngs   The  Weekly  Produc5vity   Transformer   h$p://strategy-­‐consul5ng.ca   Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by any means whatsoever, without written permission from the publisher. Made in Canada. January 2013