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Moving Beyond The Strategic Plan
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Moving Beyond The Strategic Plan

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In this free webinar, we explore ways to ensure that your organization and your strategy are ready for success....

In this free webinar, we explore ways to ensure that your organization and your strategy are ready for success.

Learn How To:
Pre-Test Your Strategic Plan.
Measure Your Implementation Capacity.
Build Support For Your Vision.
Make Execution Self-Sustaining.

Webcast Video available at http://handscribe.com/seminars

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Moving Beyond The Strategic Plan Moving Beyond The Strategic Plan Presentation Transcript

  • Moving Beyond the Strategic Plan
    Avoiding the Worst Strategy Execution Mistakes
    © 2011 HandScribe, LLC. All Rights Reserved.
  • Pre-Test: Does Your Strategic Plan…
    Account for the current environment?
    Prioritize goals/ outcomes?
    Include measurable outcomes for each goal?
    Include initiatives with detailed operational plans to achieve each goal?
    Link desired outcomesto employee & officer goals?
  • Gauging Implementation Capacity
    Do you have a Strategy Management Methodology?
    Can employees describe how they canimpact current company goals?
    Does the company have skills, resources and funds needed to execute?
    Do budgets link to company strategy?
    Do goal targets account for seasonal variations?
    Have you secured participation of keypartners/ suppliers for the outcomesthey can affect?
  • Mistake #1: Wrong Time to Launch
    Too Soon/ Too Late
    What could go wrong?
    How to prevent it
    Step 1 – Environment/ Conditions
    Step 2 – Build Urgency
    Step 3 – Ensure Capacity (resource barriers)
    Step 4 – Create Alignment (incentives/ strategy)
  • Q: When to Implement?
    Do You Have a Theory of Execution?Narrative of the Journey from Start to Finish
    Challenges Identified
    Goals Agreed & Prioritized
    Initiatives Planned
    Performance Measures
    Accountability Established
  • Mistake #2: Poorly Defined Goals
    Boldness; Accountability; Attainability
    What could go wrong?
    How to prevent it
    Step 1 – Being SMART
    Step 2 – Eliminate Barriers
    Management
    Resources
    Step 3 – Linkages
    Groups
    Individuals
  • Q: How SMART is smart enough?
    S – Specific
    M – Measureable
    A – Attainable
    R – Results Oriented
    T – Time Bound
  • Mistake #3: Withholding the Vision
    Goals not known or agreed
    What could go wrong?
    How to prevent it? (shared vision)
    Step 1: Knowledge
    Step 2: Engagement
    Step 3: Empowerment
    Step 4: Measurement & Reward
  • Q: How Much to Share?
    Enough that all employees can describe:
    What The Company Is Doing
    Why It Matters
    How They Can Help
    Communication
    Repetition
    Rallying Cry
  • Mistake #4: Losing Focus
    Declaring victory, or defeat, too soon
    What could go wrong?
    How to prevent it? self-sustaining execution
    Step 1 – Rallying cry
    Step 2 – Frequent wins
    Step 3 – Consolidating gains
    Step 4 – Frequent ongoing strategy review
  • Q: How to Build In Sustainability
    Set Incremental Targets
    Common Approach
    Increase CS by 8% in 2 years
    Better Approach
    Increase CS by 1% every 3 months
    Celebrate Wins
    Consolidate Gains
  • Questions
    Need help executing your strategy right now? Go to: handscribe.com/about/contact