10 Steps To Successful Strategic Planning Pdf
Ten Keys to Successful Strategic Planning for Nonprofit and. Tant first step in that direction,” he says. Strategic planning should be a participatory. 10 Steps to Successful Strategic Planning. By Teri Lund, Susan Barksdale. Publisher: Association for Talent Development. Release Date: August 2006.
Everyone has heard the old axiom that states “failing to plan is planning to fail.” Most business leaders intuitively understand this and have every intention of creating a strategic plan for their company. However, all too often one of the following occurs: • The leader lacks the requisite experience in creating strategic plans and/or believes it too expensive to hire an outside consultant to assist.
Therefore it never gets created. • Other issues take priority and the planning process is delayed, or in some cases never happens. • A plan is created but without specific actions items and appropriate accountability. This scenario leads to failed execution and the plan is likely only to be resurfaced when the next plan is to be developed.
• The plan is not communicated throughout the entire organization, never gaining the needed buy-in nor commitment, and again leading to diminished execution. If you have ever gone through a planning process and experienced any of the above, you may indeed question whether the work to create a plan it is really worth all the effort. But all the data show that creating a comprehensive strategic plan that is well communicated and executed will greatly enhance an organization’s success and results. Cross Company has a long history of creating and executing strategic plans.
We have re-engineered our business and, in the process, produced results that have generated increases in our ESOP stock value well above the S&P 500 Index over the last 35 years. Since the 2008-2009 recession, we have seen a robust 57% growth in organic sales, set record profits, record ESOP stock values and built an incredibly strong balance sheet with no debt and significant cash reserves. We firmly believe we would not have achieved these results without solid strategic plans that were executed very well.
The following will provide a well-tested guideline in how to create and execute a comprehensive 3-5 year strategic plan. Strategic Planning - 10 Essential Steps #1 - Hire a Facilitator The first lesson to be learned is that the Owner/CEO/President should never facilitate the strategic plan process. Doing so biases the plan, inhibits open discussion and/or dissenting opinions, limits creativity and innovation and makes the process seem like “work.” Leading an effective strategic planning process and corresponding discussions requires training and experience.
A good facilitator will have proven methodologies to stimulate thinking, discussion and group interaction. They will have systems for capturing the notes, data and relevant information and tools to assist in the creation of the plan and its corresponding actions.
They will know how to keep the team engaged and energized throughout the entire process. Newblue fx activation code serial idm startimes. Of course, the facilitator will meet with the business leader to get an overview of the company, understand its business challenges and obtain the leader’s views and desired outcomes.
But they will also suggest how to get inputs from others in the organization to help gain buy-in. Finding such a resource is not difficult nor does it have to be expensive. Many speakers at trade association meetings are well schooled in strategic planning processes. You can also do a Google search and find consultants that specialize in strategic planning. And depending on which state your company is based, there may be federal and/or state subsidized agencies that have these resources as well. These agencies often have proven professionals with great skill sets available for a fraction of the price you would normally pay a consulting firm.
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