This document provides tips for implementing a strategic plan successfully. It discusses common reasons why strategic plans fail, such as daily crises taking priority over long-term goals (tactics trump strategy), and lack of leadership or buy-in. It recommends assigning plan champions, tracking progress, providing short-term rewards, and insisting on follow through to increase the odds that a strategic plan is fully implemented.
QSM Chap 10 Service Culture in Tourism and Hospitality Industry.pptx
How to Increase Your Odds for Implementing Your Strategic Plan
1. How to Increase Your
Odds for Implementing g
Your Strategic Plan
2. 60 Minute Strategic Plan
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Simple
Flexible
Can be
C b applied t any i
li d to issue llarge or small
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It’s a proven process that’s been used with
much success by over 10,000 businesses
since 1997
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4. Implementation Reality
p y
DOA
Most strategic plans never gets
implemented
Fortune magazine – 70% of CEOs fail
because th i strategy was executed
b their t t t d
poorly or not at all
5. #1: Operational Necessities
p
Tactics trump strategy
Daily crises/unplanned events
Strategy d l with th f t
St t deals ith the future
Plans must be woven into the fabric of
your operations
6. #2 Leadership
p
Every strategic plan must have a leader
devoted to seeing the plan implemented
Don’t expect “because it has been planned
Don t because
it shall be done”
It is up to you to the author and leader of
i t t th th dl d f
the plan to see the vision achieved
Leadership/Strategic Plan = Inseparable
7. #3 Lack of Buy-in
y
Implementers must be involved in the
planning process
Input gathered through surveys and sub
sub-
committees
IInvolvement = Understanding = B i
l t U d t di Buy-in
Buy-in = Commitment, ownership, and
accountability
8. #4: Lack of
Ownership/Accountability
Assign champions or owners
P f bl the champion i not th l d
Preferably th h i is t the leader
of the leader of the entire project
The leader’s job is to oversee the
implementation process and ensure the
vision is achieved
9. #5: Little or No Follow Up
p
Keeps the profile high on a strategic
project
Every month hold a strategic plan
month,
implementation meeting to review each
initiative s
initiative’s status
Never give up on due dates
10. #6: Lack of Communication
Communicate the plan initially and during
its execution to keep it visible
Methods:
• Face-to-face meetings
• A video of th CEO and senior executives
id f the d i ti
discussing the plan
• A Facebook page devoted t the plan and it
F b k d t d to th l d its
progress
• A blog that discusses plan progress
11. #7: No Tracking or
g
Monitoring
Establish how often you’ll review both
before implementation begins
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Set up dates in everyone’s calendars
Track key plan indicators and due dates
12. #8: No Short-term Rewards
Marries the short term and the long term
Keep the project fresh and employees
stimulated
Rewards don’t have to be costly
• Certificates
• Dinner for two
• Tickets to a sports event
13. Wrapping It Up
pp g p
Always insist and persist that strategic
activities are completed
“Never give in never give in never give
Never in, in,
in”
B t of luck with your plans
Best f l k ith l