Organisational strategy decisions such as those set out at the start of the year are usually long-term in nature. They involve big commitments of resources and ultimately, expectations of significant results that drive business growth.
But once you’ve set out your strategic goals for the year, how often should you go back to check your progress, evaluate performance, seek out new opportunities and make adjustments where necessary?
As important as it is to set your milestones and targets, it is also critical for your business success that you occasionally take a step back, ensure your strategy is working and see to it that there’s sustained organisational alignment with the business strategy. Doing this also presents you the opportunity to re-establish the focus on accomplishing your set-out objectives.
The key question to answer then is, how often do you step back to assess your strategic process?
In this deck, you will learn the intricacies of running an effective Quarterly Strategy Review. You will also learn;
• Why you should be deliberate about reviewing your strategy every quarter
• 9 critical questions your Quarterly Strategic Review will help you answer
• Key mistakes you should avoid for an effective Strategy Review Session
Vip Dewas Call Girls #9907093804 Contact Number Escorts Service Dewas
Cracking the Quarterly Strategy Review Code
1. Cracking the ‘Quarterly Strategy Review’ Code
Ensure your strategy remains agile and executable
2. “
However beautiful the strategy, you should
occasionally look at the results.
Winston Churchill
3. With your strategic plan for the year in place, how often should you go back and
look at it to ensure the plan remains valid and you’re still on track to achieve your
business goals?
4. It is critical for your
organisation to have a
strategic plan, but more
important than having a
plan is occasionally
reviewing it and ensuring
that your team remains
aligned with the
organisation’s strategy.
5. Strategy implementation does not mark the
end of your strategic plan. Instead, strategic
planning is an ongoing process and reviewing
your plan occasionally is critical to ensure the
investments put into planning your business
strategy were worthwhile
Some organisations do this annually, and
others, twice a year. however, our
recommendation is to do it on a quarterly basis.
Click here to read: 10 Key Leadership DevelopmentTips for Exceptional Leaders
6. Q u a r t e r l y S t r a t e g y Re v i e w s a r e
d e c i s i o n - d r i v e n g a t h e r i n g s t h a t
p r i o r i t i s e b r o a d s t r a t e g i c c o n c e r n s
a b o v e s p e c i f i c t a c t i c a l o n e s .
W h i l e w e e k l y t e a m m e e t i n g s e n s u r e
e v e r y o n e i s o n t r a c k , a q u a r t e r l y
s t r a t e g y r e v i e w s e s s i o n i s a n
a v e n u e t o t a ke s t o c k o f a n d a n a l y s e
w h e r e y o u ’ v e b e e n , w h a t y o u ’ v e
a c c o m p l i s h e d , a n d w h y y o u r
e x e c u t i o n m a y h a v e f a i l e d .
T h i s i m p o r t a n t p a u s e a l l o w s y o u t o
a c c u r a t e l y r e a l i g n y o u r p l a n s a n d
o p e r a t i o n s f o r t h e n e x t q u a r t e r w i t h
l o n g - t e r m g o a l s .
What Is
Quarterly Strategy Review?
7. Did you execute
the plan?
What were your
major wins?
What are your
growth edges?
01 04 07
Why do you think
that happened?
What are new or
sustained best
practices to continue
implementing?
What are you
doing going
forward?
03 06 09
What happened?
Where are your places
of strategic
uncertainty?
02 08
What were your
major setbacks or
challenges?
05
Quarterly Strategy review meetings provide answers to these 9 critical questions:
Click here to read: Cracking the Effective Networking Code
8. Why does a Quarterly Strategy
Review Matter?
Reinforce organisational alignment, bringing key
stakeholders together to clarify goals
Help bring employees into focus and ensure a
renewed sense of purpose
To identify growth opportunities that might be
profitable for the business
Most organisations start the year with lofty goals and a lot
of energy, which often begins to lag after three months of
intense and sometimes, difficult work.
Before moving on to the next quarter, a strategy review
session provides the opportunity to ensure that your
organisation is on track with business goals and that every
decision aligns with the overall strategy.
In addition, a quarterly strategy review is important to:
Click here to read: Building a World-Class Learning Academy
9. How to Run an EffectiveQuarterly Strategy Review Meeting
A practical quarterly strategy review
session ensures that stakeholders
evaluate business performance
relative to strategy and make
necessary changes to set things right.
Consider the following to ensure your
review session is run as effectively as
possible:
Focus on the Strategy
Set out an Agenda
Document Your Resolutions
Follow-up on Decisions
Click here to read: How to Effectively Manage and Evaluate the Performance of your Remote WorkingTeam
10. Your strategy should drive the agenda of your meeting; it
should be the focus of your session and nothing else. Address
the critical issues and identify those that are on track. Ensure
operational issues do not divert attention from strategic
imperatives.
Ask questions like, “where are we now compared to where
we want to be?”, “why are we not where we want to be?” and
“what should we do differently to get us to where we want to
be?”
The presence of top management should not prompt
delegates in a strategy review session to raise non-strategic
issues.
Focus on the strategy
Set out an agenda
Document your resolutions
Follow-up on decisions
11. Careful planning is required for an effective strategy review
session. Set the objectives of the meeting and send the
information out in advance, and ensure everyone has enough
time to review them and prepare.
Too often, more time is spent on corrections when people
come unprepared. Sending out the notice and agenda ensures
there’s no room for excuses for ill preparations.
Focus on the strategy
Set out an agenda
Document your resolutions
Follow-up on decisions
12. Keep a record of all discussions and decisions made in the
review session. Doing this is different from taking minutes of
the meeting—note who’s accountable for what and when the
following action plan is to be completed.
Read through decisions made at the end of the meeting and
reiterate them to those with responsibilities.
Focus on the strategy
Set out an agenda
Document your resolutions
Follow-up on decisions
Click here to read: 5 Effective Leadership Principles forYour Organisation
13. When engaging in strategic planning sessions, it is essential
to do more than decide what to do and tell people how to do
it. The key is to keep track of decisions and create a culture of
follow-up within the organisation, where action plans are
closed up before the next meeting.
Although this change will take time to happen, however, by
putting strategy at the centre of the session agenda, you’ll
notice the difference in how strategy sessions go from boring
to engaging.
Focus on the strategy
Set out an agenda
Document your resolutions
Follow-up on decisions
14. 5 Mistakes to Avoid in your quarterly Strategy Review Session
Ineffective communication across the organisation – while only key stakeholders can be at a
strategy review session, poor communication to the bottomline may lead to failure of overall
strategy implementation.
0
5
Involving everyone – Quarterly strategy review sessions should be limited to only those who
can influence strategy and perform top-level analyses
0
4
Playing it safe -There should be no room for diplomatic, transactional or funny responses in a
meeting where tough business strategy questions are asked, with tough answers demanded.
0
3
Discussing operations at strategy reviews – Despite the importance of operational meetings, a
once-in-three-months meeting should focus on discussing solely your organisation’s holistic
strategic performance.
0
2
Long (sometimes unrelated) conversations – A quarterly strategy review session is not the time
for long conversations. Instead, conversations should remain relevant and strictly on strategy
results
0
1
15. The best way to achieve a high level of strategic continuity is by moving
through the entire cycle on a regular basis.This means occasionally reviewing
your strategic plans and decisions.
The quarterly strategy review process ensures that you’re adapting to
changes, addressing wins and missteps productively, and asking the right
questions to stay on track in achieving your yearly goals.
After mapping out your yearly business plan, it is critical to review, analyse
progress, assess changes and adjust where necessary.
16. Scale the advantage…
As a leader, the overall success of strategy review meetings and subsequent
implementation of decisions falls on you. Without the right leadership in
place, strategy is destined to fail.
At Workforce Learning, we help business leaders improve strategy execution
by creating systems and solutions to drive alignment between your
employees and overall business strategy to ensure you build and sustain high
performance. Workforce Learning also has a team of expert facilitators who
are able to tease out the most important strategic decisions from review
sessions.
If you’d like us to help you, kindly schedule a consultation.
19. What we do
We help organisations solve problems around:
Staff Payroll
Management
Performance management
support
Health insurance management
Executive, Experienced and
Graduate Recruitment
Staff onboarding and
training
Staff records
management
Leave and exit
management
Background
verification
Strategy Development and
Execution
Digital Learning Function Specific
Programmes
Leadership
Development
Digital Content Creation and
Conversion
Assessment and
Development centre
Occupational testing
and Success Profiling
Independent Contractor
Management
Assessor skills training
Professional Employer
Organisation
Employer of Record
Recruitment Process
Outsourcing