The Power of Strategy: Building a Roadmap for Business Success
Strategy is not a set-it-and-forget-it activity, but a dynamic process that requires ongoing evaluation, adaptation, and alignment with the changing business environment.
It would be nice to pick up a manual and get the 6 steps you need to take in order to successfully implement your strategic plan, from “A to Z”, 100% of the time within the timeframe that works perfectly for your business. It would be right next to the book that shows how to raise perfect kids and how to find the perfect spouse.
This is an area that I have worked in for the past 20 years, and I want to assure you that no two companies have approached development of the plan or implementing the plan the same way. Some did top-down strategic planning, with the understanding that drastic changes needed to happen within the organization, and they needed guidance on how to make those changes. Others did a collaborative planning session, wherein department heads came together to work through a process that ultimately resulted in a plan for the company.
In any case, my goal was to help them develop a plan that would:
The process / framework would be the same, and has evolved over time. The plan itself has simplified over time in order for it to be more practical, and its overall stickiness has improved with format and an instance on inclusion of those who would be impacted by the change.
But implementation – that is a different animal altogether. While I can check in with clients, I don’t “live” with them. As soon as I walk out the door, the leaders that I work with will make decisions and prioritize the work. So if alignment is lacking, when I return, progress may not be at the level that we planned. Even when large firms “live” with their clients for months or years on end, the strategy implementation may still not achieve the goals that the company initially set out to achieve.
If I were to summarize the things that I think are critical to increasing the likelihood of successful implementation, I would boil it down to about 8 things:
Putting these steps into action are foundational to successfully implement your company’s strategic plan and to support your company’s growth. The process is complicated and will likely take a long time to do. But if done well, the benefits will far outweigh the cost and the achievement will produce the results that your company deserves.
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Strategy is not a set-it-and-forget-it activity, but a dynamic process that requires ongoing evaluation, adaptation, and alignment with the changing business environment.
Today’s consumers are demanding products and services that do not damage the environment. As a result, corporations are dealing with an unprecedented and complex brew
Change in the business environment is inevitable and constant. Businesses that proactively anticipate and adapt to change have a better survival rate than their less responsive counterparts.
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