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.

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

Published in: Business, Technology
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Moving Beyond The Strategic Plan

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

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