The document discusses the importance of effective strategy management during tough economic times. It stresses that while changing strategies is difficult, companies must focus their employees on the new strategic plan and objectives. It recommends outlining strategic goals and action plans in a dynamic system that allows for regular communication and tracking of progress to help drive the right behaviors and effectively manage the strategy.

1. Strategy Management Tough economic times require companies look toward new and different strategies. However, changing the way things have always been done is not easy. We are creatures of habit. So, when you have so much riding on your new strategy, what makes you think your organization is going to be able to do what you need them to do?

2. Strategy Management The key in these lean times is to make sure your people are focused on what you need them to be…your strategy.

3. Strategy Management However, sharing your vision and goals is not enough. Some employees will not understand your vision or catch its importance.

4. Strategy Management Others will hear the message. They may be passionate about helping you achieve it. However, they may not know what they can do on a daily, weekly, or even monthly basis to help you achieve that goal.

5. Strategy Management The key to managing your strategy is in getting your employees to focus on the key points of your strategic plan and to execute on them.

6. Strategy Management Having the right system and processes in place can and will drive the right behaviors. That leads effective strategy management.

7. Strategy Management Outline your strategic objectives, goals, and action plans in a dynamic system that gives you real time information on how close you are to achieving them. Use the system to not only track goal progress, but, communicate the goals. Report regularly on the progress and you will be able to manage your strategy and achieve your goals.

8. Strategy Management If you would like to learn more about how to manage your strategy please contact us at: www.strategicplanningforbusiness.com