Strategy, Business Decisions and Saber-toothed Tigers
In business, all to often, decisions are made based on emotion and not on critical evaluation. Call it “being decisive” or call it having a talent for being able to act fast; because you have trust your instincts. Regardless, it can be reckless and costly in business. So how should we make strategically sound decisions?
Can We Trust Our People To Execute?
Our entire executive team is usually very involved in the creation of the strategic plan, so they most likely “get it”. Presumably, they are vested. But what about the levels below the execs?
Your Strategic Plan in 7 Days
Is it possible to create a corporate strategic plan in a week? The answer depends from where you are starting. Are you starting from the most current plan? What results are wanted out of the process this time around? What are the definitions you want to attach to “strategic plan”, and to “done”?
8 Steps to Boost the ROI of Your Strategic Planning Efforts
Studies suggest that 90% of all corporate strategic planning efforts fail to deliver the intended result. In fact, the average ROI on most strategic planning initiatives is 34% or less. What’s more, one-third of companies that are now at the top of their fields will no longer hold that position three years from now.
Is Your Strategic Plan Getting a Bad Rap? Consider the Execution
Have you noticed that strategy often gets the blame for corporate failure? How many times have you gone into a planning session to address the ill-fated strategy from the previous year? If your strategic plan fails to deliver its intended results, perhaps it’s time to look more closely at the operational execution that was used to put the strategy in motion. Perhaps it wasn’t the strategy, but the execution that is to blame.
In fact, in most cases, it’s NOT the quality of the strategic plan that determines an organization’s success – it’s the execution!
