SlideShare a Scribd company logo
Northwest Arkansas Business Journal
NWABusinessJournal.com
Current Edition >Last updated on Friday, August 31, 2012, 11:16 am




Kenand Patti Leith
Executing a Focused Plan is Critical to Meeting Goals (Opinion)




by Ken and Patti Leith
We all know we’re supposed to plan. We’ve been taught about its
importance and the techniques to accomplish it since grade school.

However, most of us really only plan for the shorter term. Sure, we
may have contingencies in place for emergencies, but in our day-
to-day business lives, our plans may only extend into today, next
week, and maybe next month.

In today’s demanding world of competitiveness and economic
uncertainty, planning is essential for survival, no matter what your
role or your company’s size. Those in industries that have been
slowed by recent economic challenges know all too well we can’t
fully predict what the future holds, so any confidence you have in
your ability to plan probably has diminished.

To get ahead, though, you need to:

Focus. The anatomy of a plan is that it must focus on a purpose.
What are you trying to accomplish? Why? To what degree? Dream
big and reach high, but be honest about what you’re doing, why
you’re doing it, and the available market.

The essence of purpose is that it brings strategy into focus. It is the
key to defining your large-scale goals so you can define your
purpose clearly.

Whether you’re a business owner or an employee, you should know
what you’re trying to do and why. Everyone around you should
know it, too. This motivates everyone to reach higher than the
present and achieve more. It also paves the way to clearer
identification of goals.

Plan: Once you define your focus, you can begin to create a more
strategic and future-focused plan. It should be goal-oriented,
reaching further than today. Achieving business goals depends on
your ability to make today’s activities directly impact tomorrow’s
objectives. This plan is the first step toward business efficiency,
growth and/or recovery.

Once you define your focus, you can plan the steps to accomplish
your desired goals.

Execute: Next, seek to align today’s actions with tomorrow’s
purpose and strategy. This enables you and your team to create a
solid plan for execution that is designed to get you where you want
to go, rather than just maintain. The execution plan should be clear
and specific. Each item should be assigned to one owner. Due dates
should accompany the plan.

When you finally make it through these times of economic
uncertainty, remember that you won’t fully resume success without
a future-focused, well-executed plan. You have to live your days in
pursuit of higher goals. Not only does the business need clear
purpose, but the people running the business need to understand,
embrace and thrive on that purpose.

For example, during Ken’s 20 years in construction as a division
branch manager, he experienced much change. Organizations that
did well at managing transitions, and continue to do well, have
utilized the principles of “Focus, Plan and Execute.” Whether in
prosperous times or during challenging ones, successful
construction companies adjust by defining their demographics,
understanding the correct price point and ensuring the proper
infrastructure is developed (Focus).
Teams of subject matter experts should be brought together to
research and architect plans for growth. Attention should be paid to
the needs of the construction company, subcontractors who supply
products and services, architects, engineers and city planners
(Plan).

Implementation is achieved in a controlled manner, allowing for
constant reporting and measurements, thus ensuring necessary
adjustments are made to avoid costly errors (Execute).

Regardless of industry or size of company, the use of the
systematic and integrated disciplines of Focus, Plan and Execute
readies all companies to meet their goals.

Ken and Patti Leith are managing partners of EDGES, Inc., a
Strategic Planning and Process Efficiency firm based in Bentonville,
AR. They also own and operate e-Gauge, Inc. a software services
company specializing in talent management and strategic plan
execution. You can contact EDGES at 479.203.7198 or
www.getedges.com.
Archive Search
                                                                  [ Link to this article ]

                                          Enter keyword(s) here
Stock Tracker




                 Symbol
Last
Change

                 DOW
13,288.54
-3.46

                 NASDAQ
3135.29
-0.52

                 WMT
73.96
-0.85

Get A Quote
                 TSN
15.808
+0.058

                                           Enter symbol here
Poll




At what age do you plan to retire?

                 Before 60

                 60-69

                 70 or after

                 I never plan to retire

Connect
                                                View results
About Gray Matters, LLC | Terms, Conditions & Notices | Privacy
Policy | Contact Us | F.A.Q.	
  

More Related Content

What's hot

You exec -_objectives_and_key_results_light_free
You exec -_objectives_and_key_results_light_freeYou exec -_objectives_and_key_results_light_free
You exec -_objectives_and_key_results_light_free
Tutu Dan
 
The Importance of Managing Expectations
The Importance of Managing ExpectationsThe Importance of Managing Expectations
The Importance of Managing Expectationsgatelyw396
 
How to write a marketing plan 2020
How to write a marketing plan 2020How to write a marketing plan 2020
How to write a marketing plan 2020
Fraser Hay
 
Budgeting For Planning & Control
Budgeting For Planning & ControlBudgeting For Planning & Control
Budgeting For Planning & Control
Krismondi
 
Setting up for a successful 2020
Setting up for a successful 2020Setting up for a successful 2020
Setting up for a successful 2020
ChrisGamuyao1
 
Spear Education - Economic Enlightenment for Dentists
Spear Education - Economic Enlightenment for DentistsSpear Education - Economic Enlightenment for Dentists
Spear Education - Economic Enlightenment for Dentists
RichGelber
 
Open Book Management - Critical Number
Open Book Management - Critical NumberOpen Book Management - Critical Number
Open Book Management - Critical Number
Brian Gracely
 
Creativity Can Be Yours (Comprehensive) PowerPoint Presentation 170 slides w...
Creativity Can Be Yours (Comprehensive) PowerPoint Presentation  170 slides w...Creativity Can Be Yours (Comprehensive) PowerPoint Presentation  170 slides w...
Creativity Can Be Yours (Comprehensive) PowerPoint Presentation 170 slides w...
Andrew Schwartz
 
Entrepreneur
EntrepreneurEntrepreneur
Entrepreneur
Abraham Vance
 
Goal Setting & Sales Planning
Goal Setting & Sales PlanningGoal Setting & Sales Planning
Goal Setting & Sales Planning
RAD-INFO, Inc.
 
The CFO's Role In Merger and Acquisitions - By Maureen O'Connell
The CFO's Role In Merger and Acquisitions - By Maureen O'ConnellThe CFO's Role In Merger and Acquisitions - By Maureen O'Connell
The CFO's Role In Merger and Acquisitions - By Maureen O'Connell
Maureen O'Connell
 
Business consulting
Business consultingBusiness consulting
Business consulting
Questkon Consultancy Service
 
DestinationNOW Brochure-2015
DestinationNOW Brochure-2015DestinationNOW Brochure-2015
DestinationNOW Brochure-2015Patrick Shore
 
Tools managers used in the planning process
Tools managers used in the planning processTools managers used in the planning process
Tools managers used in the planning processjustinriddle7
 
Part 2: Strategic Thinking revision notes
Part 2:  Strategic Thinking revision notesPart 2:  Strategic Thinking revision notes
Part 2: Strategic Thinking revision notesRupinder K Gill
 
How to write a marketing plan
How to write a marketing planHow to write a marketing plan
How to write a marketing plan
Fraser Hay
 
Creating A Successful Business Through Planning
Creating A Successful Business Through PlanningCreating A Successful Business Through Planning
Creating A Successful Business Through Planning
3zeus21
 
Flyer Budgeting and managing money PDF
Flyer Budgeting and managing money PDFFlyer Budgeting and managing money PDF
Flyer Budgeting and managing money PDFZahra Kashif
 
The Great Game of Business
The Great Game of BusinessThe Great Game of Business
The Great Game of Business
Neha Bhambu
 

What's hot (20)

You exec -_objectives_and_key_results_light_free
You exec -_objectives_and_key_results_light_freeYou exec -_objectives_and_key_results_light_free
You exec -_objectives_and_key_results_light_free
 
The Importance of Managing Expectations
The Importance of Managing ExpectationsThe Importance of Managing Expectations
The Importance of Managing Expectations
 
How to write a marketing plan 2020
How to write a marketing plan 2020How to write a marketing plan 2020
How to write a marketing plan 2020
 
Budgeting For Planning & Control
Budgeting For Planning & ControlBudgeting For Planning & Control
Budgeting For Planning & Control
 
Setting up for a successful 2020
Setting up for a successful 2020Setting up for a successful 2020
Setting up for a successful 2020
 
Spear Education - Economic Enlightenment for Dentists
Spear Education - Economic Enlightenment for DentistsSpear Education - Economic Enlightenment for Dentists
Spear Education - Economic Enlightenment for Dentists
 
Open Book Management - Critical Number
Open Book Management - Critical NumberOpen Book Management - Critical Number
Open Book Management - Critical Number
 
Creativity Can Be Yours (Comprehensive) PowerPoint Presentation 170 slides w...
Creativity Can Be Yours (Comprehensive) PowerPoint Presentation  170 slides w...Creativity Can Be Yours (Comprehensive) PowerPoint Presentation  170 slides w...
Creativity Can Be Yours (Comprehensive) PowerPoint Presentation 170 slides w...
 
One Page Business Plan
One Page Business PlanOne Page Business Plan
One Page Business Plan
 
Entrepreneur
EntrepreneurEntrepreneur
Entrepreneur
 
Goal Setting & Sales Planning
Goal Setting & Sales PlanningGoal Setting & Sales Planning
Goal Setting & Sales Planning
 
The CFO's Role In Merger and Acquisitions - By Maureen O'Connell
The CFO's Role In Merger and Acquisitions - By Maureen O'ConnellThe CFO's Role In Merger and Acquisitions - By Maureen O'Connell
The CFO's Role In Merger and Acquisitions - By Maureen O'Connell
 
Business consulting
Business consultingBusiness consulting
Business consulting
 
DestinationNOW Brochure-2015
DestinationNOW Brochure-2015DestinationNOW Brochure-2015
DestinationNOW Brochure-2015
 
Tools managers used in the planning process
Tools managers used in the planning processTools managers used in the planning process
Tools managers used in the planning process
 
Part 2: Strategic Thinking revision notes
Part 2:  Strategic Thinking revision notesPart 2:  Strategic Thinking revision notes
Part 2: Strategic Thinking revision notes
 
How to write a marketing plan
How to write a marketing planHow to write a marketing plan
How to write a marketing plan
 
Creating A Successful Business Through Planning
Creating A Successful Business Through PlanningCreating A Successful Business Through Planning
Creating A Successful Business Through Planning
 
Flyer Budgeting and managing money PDF
Flyer Budgeting and managing money PDFFlyer Budgeting and managing money PDF
Flyer Budgeting and managing money PDF
 
The Great Game of Business
The Great Game of BusinessThe Great Game of Business
The Great Game of Business
 

Viewers also liked

Northwest Arkansas Business Journal Book Debut
Northwest Arkansas Business Journal Book DebutNorthwest Arkansas Business Journal Book Debut
Northwest Arkansas Business Journal Book DebutPatti_Leith
 
Социографика Рунета
Социографика РунетаСоциографика Рунета
Социографика Рунета
Social Camp2010
 
Facebook News Feed Update: What Brands Should Know
Facebook News Feed Update: What Brands Should KnowFacebook News Feed Update: What Brands Should Know
Facebook News Feed Update: What Brands Should Know
Racepoint Global
 
2014 British Columbia Technology Report Card
2014 British Columbia Technology Report Card2014 British Columbia Technology Report Card
2014 British Columbia Technology Report Card
BC Tech Association
 
Sindrome del sistema vulnerabile
Sindrome del sistema vulnerabileSindrome del sistema vulnerabile
Sindrome del sistema vulnerabile
Fabrizio Gemmi
 
Summer School at Pisa University - Academic vs health system driven research
Summer School at Pisa University - Academic vs health system driven researchSummer School at Pisa University - Academic vs health system driven research
Summer School at Pisa University - Academic vs health system driven research
Fabrizio Gemmi
 
Ian Hetherington Games Industry presentation How-Do Vision+Media AGM 2010
Ian Hetherington Games Industry presentation How-Do Vision+Media AGM 2010Ian Hetherington Games Industry presentation How-Do Vision+Media AGM 2010
Ian Hetherington Games Industry presentation How-Do Vision+Media AGM 2010
Vision+Media
 
DEA: porta d’accesso dell’ospedale
DEA: porta d’accesso dell’ospedaleDEA: porta d’accesso dell’ospedale
DEA: porta d’accesso dell’ospedale
Fabrizio Gemmi
 
Non è questione di cellule (pecha kucha 20x20)
Non è questione di cellule (pecha kucha 20x20)Non è questione di cellule (pecha kucha 20x20)
Non è questione di cellule (pecha kucha 20x20)
Fabrizio Gemmi
 
Your Linkedin Profile
Your Linkedin ProfileYour Linkedin Profile
Your Linkedin Profile
Social Media Made Simple
 
Social media made simple v2.0
Social media made simple v2.0Social media made simple v2.0
Social media made simple v2.0
Social Media Made Simple
 
Master II livello formas tema 1 academic vs health system driven research
Master II livello formas   tema 1 academic vs health system driven researchMaster II livello formas   tema 1 academic vs health system driven research
Master II livello formas tema 1 academic vs health system driven researchFabrizio Gemmi
 
Mailmen - Your Direct Marketing Partner
Mailmen - Your Direct Marketing PartnerMailmen - Your Direct Marketing Partner
Mailmen - Your Direct Marketing PartnerPBrehm
 
State of the internet in Brazil
State of the internet in BrazilState of the internet in Brazil
State of the internet in Brazil
Marlon
 
Il futuro degli ospedali
Il futuro degli ospedali Il futuro degli ospedali
Il futuro degli ospedali
Fabrizio Gemmi
 
Social Media Breakfast Boston #31: Beyond Social, Paid, Owned & Earned
Social Media Breakfast Boston #31: Beyond Social, Paid, Owned & EarnedSocial Media Breakfast Boston #31: Beyond Social, Paid, Owned & Earned
Social Media Breakfast Boston #31: Beyond Social, Paid, Owned & Earned
Racepoint Global
 
Dave Verwer iPad Interface Design iPad at the CUC
Dave Verwer iPad Interface Design iPad at the CUCDave Verwer iPad Interface Design iPad at the CUC
Dave Verwer iPad Interface Design iPad at the CUC
Vision+Media
 

Viewers also liked (19)

Northwest Arkansas Business Journal Book Debut
Northwest Arkansas Business Journal Book DebutNorthwest Arkansas Business Journal Book Debut
Northwest Arkansas Business Journal Book Debut
 
Социографика Рунета
Социографика РунетаСоциографика Рунета
Социографика Рунета
 
Facebook News Feed Update: What Brands Should Know
Facebook News Feed Update: What Brands Should KnowFacebook News Feed Update: What Brands Should Know
Facebook News Feed Update: What Brands Should Know
 
Social Media ROI
Social Media ROISocial Media ROI
Social Media ROI
 
2014 British Columbia Technology Report Card
2014 British Columbia Technology Report Card2014 British Columbia Technology Report Card
2014 British Columbia Technology Report Card
 
Sindrome del sistema vulnerabile
Sindrome del sistema vulnerabileSindrome del sistema vulnerabile
Sindrome del sistema vulnerabile
 
Summer School at Pisa University - Academic vs health system driven research
Summer School at Pisa University - Academic vs health system driven researchSummer School at Pisa University - Academic vs health system driven research
Summer School at Pisa University - Academic vs health system driven research
 
Ian Hetherington Games Industry presentation How-Do Vision+Media AGM 2010
Ian Hetherington Games Industry presentation How-Do Vision+Media AGM 2010Ian Hetherington Games Industry presentation How-Do Vision+Media AGM 2010
Ian Hetherington Games Industry presentation How-Do Vision+Media AGM 2010
 
DEA: porta d’accesso dell’ospedale
DEA: porta d’accesso dell’ospedaleDEA: porta d’accesso dell’ospedale
DEA: porta d’accesso dell’ospedale
 
Non è questione di cellule (pecha kucha 20x20)
Non è questione di cellule (pecha kucha 20x20)Non è questione di cellule (pecha kucha 20x20)
Non è questione di cellule (pecha kucha 20x20)
 
Making time for social media 1
Making time for social media 1Making time for social media 1
Making time for social media 1
 
Your Linkedin Profile
Your Linkedin ProfileYour Linkedin Profile
Your Linkedin Profile
 
Social media made simple v2.0
Social media made simple v2.0Social media made simple v2.0
Social media made simple v2.0
 
Master II livello formas tema 1 academic vs health system driven research
Master II livello formas   tema 1 academic vs health system driven researchMaster II livello formas   tema 1 academic vs health system driven research
Master II livello formas tema 1 academic vs health system driven research
 
Mailmen - Your Direct Marketing Partner
Mailmen - Your Direct Marketing PartnerMailmen - Your Direct Marketing Partner
Mailmen - Your Direct Marketing Partner
 
State of the internet in Brazil
State of the internet in BrazilState of the internet in Brazil
State of the internet in Brazil
 
Il futuro degli ospedali
Il futuro degli ospedali Il futuro degli ospedali
Il futuro degli ospedali
 
Social Media Breakfast Boston #31: Beyond Social, Paid, Owned & Earned
Social Media Breakfast Boston #31: Beyond Social, Paid, Owned & EarnedSocial Media Breakfast Boston #31: Beyond Social, Paid, Owned & Earned
Social Media Breakfast Boston #31: Beyond Social, Paid, Owned & Earned
 
Dave Verwer iPad Interface Design iPad at the CUC
Dave Verwer iPad Interface Design iPad at the CUCDave Verwer iPad Interface Design iPad at the CUC
Dave Verwer iPad Interface Design iPad at the CUC
 

Similar to Northwest Arkansas Business Journal Focus Article 9.12

VSC Growth Strategy
VSC Growth StrategyVSC Growth Strategy
VSC Growth StrategyJenny Maree
 
Developing a marketing communications plan using the SOSTAC model | Growing P...
Developing a marketing communications plan using the SOSTAC model | Growing P...Developing a marketing communications plan using the SOSTAC model | Growing P...
Developing a marketing communications plan using the SOSTAC model | Growing P...
Brent Spilkin
 
Digital Transformation Strategy - MIT ID Innovation
Digital Transformation Strategy - MIT ID InnovationDigital Transformation Strategy - MIT ID Innovation
Digital Transformation Strategy - MIT ID Innovation
Pankaj Deshpande
 
Strategic planning
Strategic planningStrategic planning
Strategic planning
Rubel Ahmad
 
Failing to Plan is Planning to Fail
Failing to Plan is Planning to FailFailing to Plan is Planning to Fail
Failing to Plan is Planning to Fail
Dheeraj Mirpuri
 
Strategy Planing is for you too!
Strategy Planing is for you too! Strategy Planing is for you too!
Strategy Planing is for you too! John Tooher
 
Strategy Planing is for you too!
Strategy Planing is for you too! Strategy Planing is for you too!
Strategy Planing is for you too! John Tooher
 
VSC Growth Company Profile
VSC Growth Company ProfileVSC Growth Company Profile
VSC Growth Company ProfileJenny Maree
 
Achieveit WP - Exec Guide to Goal Setting
Achieveit WP - Exec Guide to Goal SettingAchieveit WP - Exec Guide to Goal Setting
Achieveit WP - Exec Guide to Goal SettingEric Hyman
 
Practical tips for compensation professionals
Practical tips for compensation professionalsPractical tips for compensation professionals
Practical tips for compensation professionals
HRsoft - Talent Management Software
 
Essay On Planning
Essay On PlanningEssay On Planning
How to Achieve Your Goals Using the SMART Goal System
How to Achieve Your Goals Using the SMART Goal SystemHow to Achieve Your Goals Using the SMART Goal System
How to Achieve Your Goals Using the SMART Goal System
Justine Parsons
 
Startup Growth Consulting
Startup Growth Consulting Startup Growth Consulting
Startup Growth Consulting
Sacha76
 
TSE Executive Team Facilitation
TSE Executive Team FacilitationTSE Executive Team Facilitation
TSE Executive Team FacilitationLindaVillatore
 
Strategic Planning
Strategic PlanningStrategic Planning
Strategic Planningsantosh
 
The proactive healthcare compensation professional -practical tips for reduci...
The proactive healthcare compensation professional -practical tips for reduci...The proactive healthcare compensation professional -practical tips for reduci...
The proactive healthcare compensation professional -practical tips for reduci...
Healthcare Software Hub
 
Business Plans - Write Your Script Before You Have To Perform It
Business Plans - Write Your Script Before You Have To Perform ItBusiness Plans - Write Your Script Before You Have To Perform It
Business Plans - Write Your Script Before You Have To Perform ItGeorge Marcou
 
Strategic Business Planning
Strategic Business PlanningStrategic Business Planning
Strategic Business Planning
Business Plan
 
Introduction to strategic planning
Introduction to strategic planningIntroduction to strategic planning
Introduction to strategic planning
Salim Hajje
 
Strategic operations management for dialysis service
Strategic operations management for dialysis serviceStrategic operations management for dialysis service
Strategic operations management for dialysis service
Virgilijus Dadonas
 

Similar to Northwest Arkansas Business Journal Focus Article 9.12 (20)

VSC Growth Strategy
VSC Growth StrategyVSC Growth Strategy
VSC Growth Strategy
 
Developing a marketing communications plan using the SOSTAC model | Growing P...
Developing a marketing communications plan using the SOSTAC model | Growing P...Developing a marketing communications plan using the SOSTAC model | Growing P...
Developing a marketing communications plan using the SOSTAC model | Growing P...
 
Digital Transformation Strategy - MIT ID Innovation
Digital Transformation Strategy - MIT ID InnovationDigital Transformation Strategy - MIT ID Innovation
Digital Transformation Strategy - MIT ID Innovation
 
Strategic planning
Strategic planningStrategic planning
Strategic planning
 
Failing to Plan is Planning to Fail
Failing to Plan is Planning to FailFailing to Plan is Planning to Fail
Failing to Plan is Planning to Fail
 
Strategy Planing is for you too!
Strategy Planing is for you too! Strategy Planing is for you too!
Strategy Planing is for you too!
 
Strategy Planing is for you too!
Strategy Planing is for you too! Strategy Planing is for you too!
Strategy Planing is for you too!
 
VSC Growth Company Profile
VSC Growth Company ProfileVSC Growth Company Profile
VSC Growth Company Profile
 
Achieveit WP - Exec Guide to Goal Setting
Achieveit WP - Exec Guide to Goal SettingAchieveit WP - Exec Guide to Goal Setting
Achieveit WP - Exec Guide to Goal Setting
 
Practical tips for compensation professionals
Practical tips for compensation professionalsPractical tips for compensation professionals
Practical tips for compensation professionals
 
Essay On Planning
Essay On PlanningEssay On Planning
Essay On Planning
 
How to Achieve Your Goals Using the SMART Goal System
How to Achieve Your Goals Using the SMART Goal SystemHow to Achieve Your Goals Using the SMART Goal System
How to Achieve Your Goals Using the SMART Goal System
 
Startup Growth Consulting
Startup Growth Consulting Startup Growth Consulting
Startup Growth Consulting
 
TSE Executive Team Facilitation
TSE Executive Team FacilitationTSE Executive Team Facilitation
TSE Executive Team Facilitation
 
Strategic Planning
Strategic PlanningStrategic Planning
Strategic Planning
 
The proactive healthcare compensation professional -practical tips for reduci...
The proactive healthcare compensation professional -practical tips for reduci...The proactive healthcare compensation professional -practical tips for reduci...
The proactive healthcare compensation professional -practical tips for reduci...
 
Business Plans - Write Your Script Before You Have To Perform It
Business Plans - Write Your Script Before You Have To Perform ItBusiness Plans - Write Your Script Before You Have To Perform It
Business Plans - Write Your Script Before You Have To Perform It
 
Strategic Business Planning
Strategic Business PlanningStrategic Business Planning
Strategic Business Planning
 
Introduction to strategic planning
Introduction to strategic planningIntroduction to strategic planning
Introduction to strategic planning
 
Strategic operations management for dialysis service
Strategic operations management for dialysis serviceStrategic operations management for dialysis service
Strategic operations management for dialysis service
 

Northwest Arkansas Business Journal Focus Article 9.12

  • 1. Northwest Arkansas Business Journal NWABusinessJournal.com Current Edition >Last updated on Friday, August 31, 2012, 11:16 am Kenand Patti Leith Executing a Focused Plan is Critical to Meeting Goals (Opinion) by Ken and Patti Leith We all know we’re supposed to plan. We’ve been taught about its importance and the techniques to accomplish it since grade school. However, most of us really only plan for the shorter term. Sure, we may have contingencies in place for emergencies, but in our day- to-day business lives, our plans may only extend into today, next week, and maybe next month. In today’s demanding world of competitiveness and economic uncertainty, planning is essential for survival, no matter what your role or your company’s size. Those in industries that have been slowed by recent economic challenges know all too well we can’t fully predict what the future holds, so any confidence you have in your ability to plan probably has diminished. To get ahead, though, you need to: Focus. The anatomy of a plan is that it must focus on a purpose. What are you trying to accomplish? Why? To what degree? Dream big and reach high, but be honest about what you’re doing, why you’re doing it, and the available market. The essence of purpose is that it brings strategy into focus. It is the
  • 2. key to defining your large-scale goals so you can define your purpose clearly. Whether you’re a business owner or an employee, you should know what you’re trying to do and why. Everyone around you should know it, too. This motivates everyone to reach higher than the present and achieve more. It also paves the way to clearer identification of goals. Plan: Once you define your focus, you can begin to create a more strategic and future-focused plan. It should be goal-oriented, reaching further than today. Achieving business goals depends on your ability to make today’s activities directly impact tomorrow’s objectives. This plan is the first step toward business efficiency, growth and/or recovery. Once you define your focus, you can plan the steps to accomplish your desired goals. Execute: Next, seek to align today’s actions with tomorrow’s purpose and strategy. This enables you and your team to create a solid plan for execution that is designed to get you where you want to go, rather than just maintain. The execution plan should be clear and specific. Each item should be assigned to one owner. Due dates should accompany the plan. When you finally make it through these times of economic uncertainty, remember that you won’t fully resume success without a future-focused, well-executed plan. You have to live your days in pursuit of higher goals. Not only does the business need clear purpose, but the people running the business need to understand, embrace and thrive on that purpose. For example, during Ken’s 20 years in construction as a division branch manager, he experienced much change. Organizations that did well at managing transitions, and continue to do well, have utilized the principles of “Focus, Plan and Execute.” Whether in prosperous times or during challenging ones, successful construction companies adjust by defining their demographics, understanding the correct price point and ensuring the proper infrastructure is developed (Focus).
  • 3. Teams of subject matter experts should be brought together to research and architect plans for growth. Attention should be paid to the needs of the construction company, subcontractors who supply products and services, architects, engineers and city planners (Plan). Implementation is achieved in a controlled manner, allowing for constant reporting and measurements, thus ensuring necessary adjustments are made to avoid costly errors (Execute). Regardless of industry or size of company, the use of the systematic and integrated disciplines of Focus, Plan and Execute readies all companies to meet their goals. Ken and Patti Leith are managing partners of EDGES, Inc., a Strategic Planning and Process Efficiency firm based in Bentonville, AR. They also own and operate e-Gauge, Inc. a software services company specializing in talent management and strategic plan execution. You can contact EDGES at 479.203.7198 or www.getedges.com.
  • 4. Archive Search [ Link to this article ] Enter keyword(s) here Stock Tracker Symbol
Last
Change DOW
13,288.54
-3.46 NASDAQ
3135.29
-0.52 WMT
73.96
-0.85 Get A Quote TSN
15.808
+0.058 Enter symbol here Poll At what age do you plan to retire? Before 60 60-69 70 or after I never plan to retire Connect View results
  • 5. About Gray Matters, LLC | Terms, Conditions & Notices | Privacy Policy | Contact Us | F.A.Q.