This document provides an overview of the strategic planning process. It discusses understanding principles like setting a clear direction and avoiding distractions. It also covers assessing the market environment through tools like SWOT analysis and Porter's Five Forces. The document outlines defining the strategic direction through elements like mission, vision, and goals. It discusses determining core competencies and evaluating opportunities using strategic filters. The strategic planning process involves prioritizing initiatives, allocating resources, and ensuring accountability and ongoing evaluation.
OKR COACH CERTIFICATION. LIMITED NO OF SEATS!
Become an OKR Coach and achieve amazing results and sustainable growth for you Company.
Setting Objectives and Key Results for your Business
To succeed in executing strategy in today’s fast-paced digital age, you need to have the correct mindset, the correct methodologies, and the correct Tools in order to develop, communicate, and implement your strategy and deliver the right results quickly.
OKRs (Objectives and Key Results) are a goal-setting methodology developed by Intel and popularized by Google. It focuses the organization on greatness to achieve its overall strategy, and has gained significant traction with the release of John Doerr’s book Measure What Matters.
Simple steps how to define competencies you need to support your organization strategies and the simple steps to design and develop performance-based instructions if the solution requires for it.
Download the PDF: https://www.demandmetric.com/content/seo-technology-overview
SEO is no longer just about search.
In fact, SEO, which in its early days focused primarily on keywords
(finding, optimizing, ranking), is now a baseline factor of a broader Internet
Marketing strategy across the Enterprise.
This new SEO-driven market segment that has been called Web
Presence Management (WPM) is based on the reality that keywords no
longer drive search results, but rather optimized content does.
As the SEO market matures, quality measures, such as reputation, trust,
content relevance and author authority, are replacing the old quantity
metrics, such as keyword rankings and link volume.
Advanced SEO solutions now weigh campaign performance metrics
(based on brand building, site traffic and conversion) more heavily than
keyword rankings.
This reality is based on changes in the way customers search, the
increasingly integrated omni-channel marketing environment and,
most notably, changes to Google’s Search Engine Results Page (SERP)
algorithms that favor page content freshness, density and content-rich
media over standard keyword search.
All of this means that Modern Marketing Organizations (MMOs) must
re-evaluate their SEO strategies, processes and campaigns.
In this report we will examine the state of the market, share results from the
SEO Benchmark Study, evaluate the strengths and weaknesses of 15 top
SEO solutions in our vendor landscape to help organizations choose the
best solution for them, highlight the current trends in SEO that will have an
impact on Enterprise SEO initiatives and provide some recommendations
for the way forward as SEO is redefined right before our eyes.
Demand Metric defines Search Engine Optimization Platforms
as those frameworks, tools and technologies that use searchrelated
functionally to secure high visibility and web presence
for brands, products, services and companies through the use
and management of elements, such as keywords, links, content
relevance and social signals tracking.
OKR COACH CERTIFICATION. LIMITED NO OF SEATS!
Become an OKR Coach and achieve amazing results and sustainable growth for you Company.
Setting Objectives and Key Results for your Business
To succeed in executing strategy in today’s fast-paced digital age, you need to have the correct mindset, the correct methodologies, and the correct Tools in order to develop, communicate, and implement your strategy and deliver the right results quickly.
OKRs (Objectives and Key Results) are a goal-setting methodology developed by Intel and popularized by Google. It focuses the organization on greatness to achieve its overall strategy, and has gained significant traction with the release of John Doerr’s book Measure What Matters.
Simple steps how to define competencies you need to support your organization strategies and the simple steps to design and develop performance-based instructions if the solution requires for it.
Download the PDF: https://www.demandmetric.com/content/seo-technology-overview
SEO is no longer just about search.
In fact, SEO, which in its early days focused primarily on keywords
(finding, optimizing, ranking), is now a baseline factor of a broader Internet
Marketing strategy across the Enterprise.
This new SEO-driven market segment that has been called Web
Presence Management (WPM) is based on the reality that keywords no
longer drive search results, but rather optimized content does.
As the SEO market matures, quality measures, such as reputation, trust,
content relevance and author authority, are replacing the old quantity
metrics, such as keyword rankings and link volume.
Advanced SEO solutions now weigh campaign performance metrics
(based on brand building, site traffic and conversion) more heavily than
keyword rankings.
This reality is based on changes in the way customers search, the
increasingly integrated omni-channel marketing environment and,
most notably, changes to Google’s Search Engine Results Page (SERP)
algorithms that favor page content freshness, density and content-rich
media over standard keyword search.
All of this means that Modern Marketing Organizations (MMOs) must
re-evaluate their SEO strategies, processes and campaigns.
In this report we will examine the state of the market, share results from the
SEO Benchmark Study, evaluate the strengths and weaknesses of 15 top
SEO solutions in our vendor landscape to help organizations choose the
best solution for them, highlight the current trends in SEO that will have an
impact on Enterprise SEO initiatives and provide some recommendations
for the way forward as SEO is redefined right before our eyes.
Demand Metric defines Search Engine Optimization Platforms
as those frameworks, tools and technologies that use searchrelated
functionally to secure high visibility and web presence
for brands, products, services and companies through the use
and management of elements, such as keywords, links, content
relevance and social signals tracking.
This OKR playbook is the result of several years of OKR coaching. We offer this support to define, structure and communicate your OKR program within your organization. It helps you think through all aspects of setting up OKRs before deployment.
We use it in our coaching as a support to define the OKR program with executives; as well as a communication support for the launch of the OKR program with the teams; finally as a reference manual for the whole organization.
Objective and Key Result from *Measure What Matter* by John DoerrTaufik M. Aditama
*Measure What Matter* by John Doerr is a very amazing book to learn about OKR - an alternate to KPI methods, where i personally think are a more wonderful approach to create a more cohesive environment inside organizations. This slide include a small snippets of what exist in the book.
For every COO, CEO, or many other C-Level in small medium large business, or non-profit organizations, I recommend you to purchase this book through Amazon, or many other wonderful book purchasing platform existed.
Critical thinking leaders as rational manager Learningade
A rational manager is about leading rational processes to maximize the critical thinking skills of people. The presentation explains about Kepner-Tregoe rational processes to maximize the critical thinking skills of people. Find out how you can maximize your critical thinking skills as a leader in a rational process of a management function through application of this tool.
Sm 11 part_03_03
Strategic Management course version 11
Strategic management in any organization is important as it provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans.
Videos on YouTube:
video 01
https://youtu.be/alh6O6Q_9sc
video 02
https://youtu.be/b2UwGeOTEX0
video 03
https://youtu.be/R7K0W3yinLo
The acronym OKR stands for Objectives and Key Results, a popular goal management framework that helps companies implement strategy. The benefits of the framework include improved focus, increased transparency, and better alignment. OKR achieves this by organizing employees and the work they do around achieving common objectives.
OKR helps entire companies communicate company strategy to employees in an actionable, measurable way. It also helps companies to move from an output to an outcome-based approach to work.
Evolved managing complex change model, evolved from Grant Lichtman 2014 that was expanded from M Lippett 1987 and T. Knoster 1991. Based on experiences working as change leader.
Consulting proposal for Royal Institute of Management in Bhutan how best to improve their quality and service in education - proposal indicating methodologies and benefits in hiring the consulting firm
Human Capital Strategic Management (HCSM) is part a strategic Human Capital in company. One of responsibility in HCSM is creating Master Plan HC in Company. There are 3 main strategy in HC, Strategy in People, Strategy in Culture and Strategy in Organization.
This presentation explain how we create Master Plan Human Capital.
This presentation gives a very high-level explanation of what a dashboard should be used for, what type of content it should consider and how it should look to be most effective.
Personally designed (content + graphics design), officially accredited ASL®2 (Application Services Library) Foundation courseware.
ASL® is a Registered Trade Mark of ASL BiSL Foundation.
Trademarks are properties of the holders, who are not affiliated with courseware author.
This OKR playbook is the result of several years of OKR coaching. We offer this support to define, structure and communicate your OKR program within your organization. It helps you think through all aspects of setting up OKRs before deployment.
We use it in our coaching as a support to define the OKR program with executives; as well as a communication support for the launch of the OKR program with the teams; finally as a reference manual for the whole organization.
Objective and Key Result from *Measure What Matter* by John DoerrTaufik M. Aditama
*Measure What Matter* by John Doerr is a very amazing book to learn about OKR - an alternate to KPI methods, where i personally think are a more wonderful approach to create a more cohesive environment inside organizations. This slide include a small snippets of what exist in the book.
For every COO, CEO, or many other C-Level in small medium large business, or non-profit organizations, I recommend you to purchase this book through Amazon, or many other wonderful book purchasing platform existed.
Critical thinking leaders as rational manager Learningade
A rational manager is about leading rational processes to maximize the critical thinking skills of people. The presentation explains about Kepner-Tregoe rational processes to maximize the critical thinking skills of people. Find out how you can maximize your critical thinking skills as a leader in a rational process of a management function through application of this tool.
Sm 11 part_03_03
Strategic Management course version 11
Strategic management in any organization is important as it provides overall direction by developing plans and policies designed to achieve objectives and then allocating resources to implement the plans.
Videos on YouTube:
video 01
https://youtu.be/alh6O6Q_9sc
video 02
https://youtu.be/b2UwGeOTEX0
video 03
https://youtu.be/R7K0W3yinLo
The acronym OKR stands for Objectives and Key Results, a popular goal management framework that helps companies implement strategy. The benefits of the framework include improved focus, increased transparency, and better alignment. OKR achieves this by organizing employees and the work they do around achieving common objectives.
OKR helps entire companies communicate company strategy to employees in an actionable, measurable way. It also helps companies to move from an output to an outcome-based approach to work.
Evolved managing complex change model, evolved from Grant Lichtman 2014 that was expanded from M Lippett 1987 and T. Knoster 1991. Based on experiences working as change leader.
Consulting proposal for Royal Institute of Management in Bhutan how best to improve their quality and service in education - proposal indicating methodologies and benefits in hiring the consulting firm
Human Capital Strategic Management (HCSM) is part a strategic Human Capital in company. One of responsibility in HCSM is creating Master Plan HC in Company. There are 3 main strategy in HC, Strategy in People, Strategy in Culture and Strategy in Organization.
This presentation explain how we create Master Plan Human Capital.
This presentation gives a very high-level explanation of what a dashboard should be used for, what type of content it should consider and how it should look to be most effective.
Personally designed (content + graphics design), officially accredited ASL®2 (Application Services Library) Foundation courseware.
ASL® is a Registered Trade Mark of ASL BiSL Foundation.
Trademarks are properties of the holders, who are not affiliated with courseware author.
View video blog here - http://www.proformablog.com/business-plan-basics/
Building a business plan is no small task. It takes an unbiased approach, a willingness to devote time to research, and an understanding that the plan is never complete. Here are the basics to building a business plan from the ground up.
Leaders drive innovation by building a strong Creative Ecology through their organisations. And they don't need to be particularly creative or innovative to do so...
This is a basic marketing strategy I created when I first started working fo rthis advertising firm. They did not have a loft of direction with regards to how to determine their goals for the marketing department mainly because they had not established their marketing strategy. So my first job as Marketing Coordinator was to map out exactly who their target market was and how we were going to grab their attention and based on those ideas we would be able to create realistic goals to rate the department.
Here is a PowerPoint I created after completing the course "The New Rules of Work." This PowerPoint contains the information that I felt was most valuable.
Human resources: protecting confidentiality KelbySchwender
This is a PowerPoint I have created after watching a Lynda that pertained to Human Resources: Protecting Confidentiality. I have pulled the information that is most valuable to me from this Lynda.
I have recently conducted a Lynda Certification for Contemporary Skills for Business Professionals. This PowerPoint focuses on "Practicing Fairness As A Manager." Please take a look and any feedback would be greatly appreciated!
I have recently conducted a Lynda Certification for Negotiation-Strategic Negotiation. Please review this PowerPoint I have created for this Lynda. Any feedback would be greatly appreciated. Thank you in advance!
I have recently conducted a Lynda Certification for Negotiation. Please review this PowerPoint I have created for this Lynda. Any feedback would be greatly appreciated. Thank you in advance!
P.S. I have conducted two Negotiation Foundation Lynda's, each one with more information than the other.
I have recently conducted a Lynda Certification for Negotiation. Please review this PowerPoint I have created for this Lynda. Any feedback would be greatly appreciated. Thank you in advance!
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
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Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
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3. Understanding the
principles of strategic
planning
● A Strategic plan, essentially, explains what your
organization stands for. Strategic plan describes
the type of market that your business competes
in and how you compete in this market. Strategic
planning will help you define goals for your
company that you pursue and how you will go
about achieving those goals.
● Strategic planning provides focus
● There are three principles of strategic planning:
1. Set a clear direction and stay in your lave
2. Say no to distractions
3. Make sure you diversify your bets
4. Avoiding major
strategic planning
risks
● Lots of time and energy go into strategic
planning and it is essentially a high resource type
of exercise for companies
● There are three things a company can watch for
when trying to avoid major strategic planning
risks:
1. Initiative proliferation
2. Thinking to small
3. Thinking to big
● When a company is strategic planning they must
make sure they set a direction for the company,
pursue initiatives, add value to the company and
reach the desired destination without too much
risk and hassel
5. Strategic planning
process: Overview
● There are six steps to ensure that the strategic
planning process of a company is completed
efficiently and effectively
1. Set a direction and stay in that lane
2. Define strategic filters
3. Say no to any and all distractions
4. Draw a line- identify your top and bottom
initiatives and resource them appropriately
5. Diversify the portfolio of your initiatives
6. Executive your strategic plan
● Remember to work with your initiatives that are
“above” the line and that you have resources for
6. Strategic planning
process: Tactical
needs
● A company must remember that even though as
a team you are strategically planning, individuals
are still going to be off doing their own work but
that is OK because later the team will come back
together to work on the “vision, mission, and
guiding principles”
○ This process may happen multiple times
during the strategic planning process
8. Assessing the market
● To begin the strategic planning process,
businesses need to make sure they assess the
marketing in which they will competing in
● According to Dr. Michael Porter “there is a set of
five forces to evaluate all the different dynamics
that can affect your business which will in turn
allow you to be able to identify where the major
threats and opportunities are that your business
faces”
1. “Look at competitive rivalry”
2. “Look at the threats of new entry”
3. “Look at the threat of substitution”
4. “Evaluate buyer power”
5. “Look at supplier power”
9. Conduct a SWOT
analysis
● SWOT = Strengths, Weaknesses, Opportunities,
and Threats
○ Strength & Weakness = These are
typically in your business, capabilities that
your business may have or do not have
○ Opportunities & Threats = These can
either be internal or external “market-
facing opportunities”
● A SWOT analysis is essential where your
business team will brainstorm and discuss ideas
10. Extracting insight
from a SWOT
analysis
● Once a SWOT analysis has been conducted, a
business should now sit down and reevaluate and
analyze the ideas and discussions that were had.
This is the time to “synthesize ideas and look for
major themes that emerge from the SWOT
analysis.
12. Defining the direction
● One of the steps in the strategic planning process
is to set a direction for the business and when
setting the direction there are four elements to
help with doing so:
1. Articulate the businesses mission
2. Articulate the businesses vision
3. Articulate the businesses guiding
principles
4. Articulate the businesses goals
● Following these four elements and setting a
direction for the business allows for clarify as to
where the business will be in the future, near or
far
13. Creating a mission
statement
● A business must articulate the mission
● Essentially a mission is by the business exists
● Ultimately a mission should “be a cultural
reflection of the businesses values, beliefs, and
the philosophy of the business”
● A mission must be well organized,
understandable, brief, and clear; it should make
people excited
14. Defining the
organizational vision
● A business must articulate a vision
● Essentially a vision is a clear image of where you
want be as a business in the coming years (3-5
years)
● A vision should get people in the business and
outside of the business excited for what is to
come
15. Refining the mission
and vision
● Refining the mission and vision of the business is an
essential part in setting the direction of the business;
this is where the real planning comes
● As Mike Figliuolo states:
○ “Get the right people into the room. Create
another brainstorming session. Pass out to
everyone what exists today. Have individuals
identify things that they like and don't like
about what currently is in place. Pass out the
SWOT analysis and Porter’s five forces so
individuals can understand the ricks,
opportunities, and threats of the business. Now
continue to have in depth conversations as to
what can happen next for the business.”
○ “So when you go through this exercise, just
capture all the ideas, good, bad and ugly, then
step back, look for the synthesis, look for the
common themes, and hammer it out into a
clear, crisp, compelling vision and mission
statement.”
16. Guiding principles
and goals
● Guiding principles essentially dictates how you
want the business to behave at all times
● When speaking of setting goals for a business it
means that you are going to set out those metrics
that after years pass will allow your business to
look back and say “yes, we have achieved these
goals”
● By the business articulating the principles and
goals, the business has the ability to drive the
company in the right direction
18. Core competencies
● A business needs to determine whether they will
compete or not
● It is essential that a business look at and
understand their core competencies; these are
things that business is good at
○ “Quality of product, ability to innovate,
efficiency in your supply chain, strength of
your brands, technology infrastructure”
19. Focusing with core
competencies
● Once a business has identified their core
competencies, it should move to looking at the
initiatives that they are thinking of pursuing and
determine what their approach will look like
● Reminder, a businesses core competency “is the
quality of their product from low to high in terms
of the relevance of the competency in whatever
initiative they are thinking about pursuing”
● “As you look at your organization’s core
competencies and understand what you’re great
at, you can then use that to look at any
opportunity you’re thinking about pursuing, be it
a new product, a new market, or a new initiative,
and plotting on this grid to determine what your
initial approach to that opportunity should be.
And that will then help you prioritize the
initiatives you think about pursuing, and the ones
that you don’t.”
21. Understanding
strategic filters
● In order to identify a businesses high- and low-
priority initiatives, there must be “a common set
of criteria that everyone across the organization
is going to use to conduct the evaluations;” these
are strategic filters
● A business should create a consistent set of
filters because this allows for companies to
quickly evaluate their initiatives and help the
company stay on the path that they desire to
reach their goals.
22. Creating strategic
filters
● When creating your strategic filters, the process
to do so is similar in the way that you create your
businesses vision and mission
● “Look at your vision, your mission you goals and
your guiding principles because those are all
going to be filters that help keep you going in the
right direction.”
● Look for quantitative and quantitative filters;
filters can either be hard or soft
● “Whittle it down to those six to 10 themes, and
start with them as your initial set of strategic
filters for evaluating your list of initiatives”
● “A hard filter is if the initiative passes that filter, it stays in the
process. If it fails, it is immediately dead”
● “A soft filter is something where you’re evaluating it from a low to
a high scale. And you're determining if it's high on that filter, it's
highly attractive, and if it's low, it's just going to move it down on
the priority list.”
23. Applying strategic
filters
● When a company is getting ready to apply the
strategic filters it is best for leaders to assign
“homework” to employees so the strategic
planning process can continue on
● “As you ask your people to apply the strategic
filters, give them the best understanding you can
of what the filter means, assign very specific
initiatives for them to evaluate. Give them a
deadline to come back with that evaluation, and
make sure they document their rationale. And
when they do so, you'll be well prepared in
future steps to compare all the initiatives in your
portfolio.
24. Comparing and
prioritizing initiatives
● When a company is strategic planning it is
important to remember that this planning process
is about focus and prioritization. This focus and
prioritization allows your business to properly
allocate very limited resources to the highest
potential initiatives that your business may
pursue
● While a company may start with many
initiatives, during the process it is best to
compare and analyze the businesses initiative
portfolio
25. Conducting deep
analysis of high
priority ideas
● Assign initiatives to individuals to conduct deep analysis of high
priority ideas
○ It is suggested that a “homework list is created for the
individuals to do the following (plus some) :
■ Provide a description of what the initiative is
■ Identify what the value of the proposition is of doing
that project
■ Identify who the customer’s going to be
■ Identify the point of differentiation
■ Identify which competitors this initiative could
affect
■ Look at the resources that will be required to
implement this initiative
■ Think about external partners or vendors
■ Take a look at milestones and put together your best
guess for when you’ll have market validation of
your initiative, when you’ll have the indrasture
scoped and built, when you’re going to test itm
when you expect it to launch
■ Define the owner, categorize the opportunity type
■ Identify the market you're going to impact with this
■ Financial analysis
26. Initiative
prioritization:
Drawing the line
● “Once you have your priorities and you understand the
resources required, you need to go through an exercise
called "Drawing the Line." And that's saying, "I have a
finite pool of resources "that I can use. "And when I run
out of those resources, "I should not be pursuing any
initiatives "that are below that line." Because it's going to
dilute my efforts and reduce my possibility of success.”
● “As you look at your prioritization list and you have them
sorted from highest to lowest and you understand the
resources that will be required to pursue that initiative,
work your way down from the top of the list and be
disciplined about stopping when you run out of that
limiting resource so you can focus on your highest priority
initiatives, get them executed successfully, and then move
further down your list.”
According to Mike Figliuolo
28. Applying the 2x2
matrix
● A 2x2 matrix is a tool that can help businesses
prioritize their initiatives
● A 2x2 matrix is when a business “looks at two
objective functions that the organization has and
plots them against one another, and then place
your initiatives on the grid”
● “As you’re conducting your strategic planning
process, take your initiatives, think about the
objectives that are most important to your
business, plot your initiatives, and that should
help confirm what your priority list is”
29. Creating multiple
diversification views
● When you are trying to drive multiple objective
functions it makes strategic planning a little more
complicated
● “Once you have a list of initiatives and you’ve
prioritized them, go back to your strategic
objectives, build some 2x2 matrices, and look at
the portfolio through multiple lenses. And when
you see it unbalanced, spend some time
rebalancing that list of initiatives so you can
drive all your strategic objectives at the same
time”
30. Assessing initiatives
over time
● When businesses are looking over their portfolio
of initiatives, they need to think about how does
it change over time because essentially these
initiatives are going to get your business where
you want
● “As you look at your portfolio, it’s important to
look beyond this year’s financial impact. You
have to appreciate the role that those smaller
initiatives are going to play in your future, and be
able to prioritize and reallocate resources for the
initiative portfolio to achieve your overall
vision”
32. Planning resources
● Once a business has made a prioritization list and
has defined which initiatives they are going to
pursue and in which sequence they will pursue
them, it is now time to allocate resources
● “Once you’ve defined the right organization
structure with the right set of capabilities to
pursue that strategy, then you identify your
human resource needs to fill the boxes on that
correct organization chart. When you do resource
planning this way, you’re going to find you’ll
swap out talent, you may move people from one
team to another, you'll identify hiring gaps that
you need to fill, because you need a certain set of
capabilities to deliver on this strategy. And once
you’ve done that, then you can go from aligning
big corporate goals all the way down to
individual goals. And that’s going to help you
make sure that your teams are appropriately
resources”
33. Accountability
● One way a business can ensure that their
initiatives are complete is by holding people
accountable
● Designate a job to everyone in the business to
help ensure task get done; this also allows
leaders to hold people accountable for things in
the workplace
● “By establishing clear accountabilities, you’re
able to balance to initiatives across your portfolio
to make sure they get done, and you’re going to
ensure that you get the results that you’re
promising back to the organization as part of the
strategic planning process
34. The ongoing
prioritization process
● Even though the strategic planning process has
multiple steps and can be a lot of strenuous work
a business it needs to be remembered that a
business must implement an ongoing evaluation
process so when new ideas come about they can
easily be ran through the process, assessed and
put onto the businesses prioritization list.
● “If you put in place this ongoing prioritization
process you’ll find that those strategic filters will
keep your initiatives focused on your overall
strategic goals. And you’re going to be able to
get more ideas done, more quickly because
you're going to focus your resources on the
highest value initiatives”
35. Running the strategic
planning process
● “As you go through the strategic planning
process, that communication, when you bring
people together and send them away, is a key
role that you’re going to play as you run this
process.”
● Communication, meetings, delegating tasks, and
evaluating are very important in this process