How to Increase Your Odds for Implementing Your Strategic Plan
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Transcript of How to Increase Your Odds for Implementing Your Strategic Plan
How to Increase Your Odds for Implementing g
Your Strategic Plan
60 Minute Strategic Plang
SimpleSimple Flexible
C b li d t i l ll Can be applied to any issue large or small It’s a proven process that’s been used with
much success by over 10,000 businesses since 1997
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Implementation Realityp y
DOADOA Most strategic plans never gets
implementedimplemented Fortune magazine – 70% of CEOs fail
b th i t t t dbecause their strategy was executed poorly or not at all
#1: Operational Necessitiesp
Tactics trump strategyTactics trump strategy Daily crises/unplanned events
St t d l ith th f t Strategy deals with the future Plans must be woven into the fabric of
your operations
#2 Leadershipp
Every strategic plan must have a leaderEvery strategic plan must have a leader devoted to seeing the plan implemented Don’t expect “because it has been planned Don t expect because it has been planned
it shall be done”It i t t th th d l d f It is up to you to the author and leader of the plan to see the vision achieved Leadership/Strategic Plan = Inseparable
#3 Lack of Buy-iny
Implementers must be involved in theImplementers must be involved in the planning process Input gathered through surveys and sub Input gathered through surveys and sub-
committeesI l t U d t di B i Involvement = Understanding = Buy-in Buy-in = Commitment, ownership, and
accountability
#4: Lack of Ownership/Accountability Assign champions or owners
P f bl th h i i t th l d Preferably the champion is not the leader of the leader of the entire project The leader’s job is to oversee the
implementation process and ensure the vision is achieved
#5: Little or No Follow Upp
Keeps the profile high on a strategicKeeps the profile high on a strategic project Every month hold a strategic plan Every month, hold a strategic plan
implementation meeting to review each initiative’s statusinitiative s status Never give up on due dates
#6: Lack of Communication
Communicate the plan initially and duringCommunicate the plan initially and during its execution to keep it visible Methods: Methods:
• Face-to-face meetingsA id f th CEO d i ti• A video of the CEO and senior executives discussing the planA F b k d t d t th l d it• A Facebook page devoted to the plan and its progress
• A blog that discusses plan progress• A blog that discusses plan progress
#7: No Tracking or gMonitoring
Establish how often you’ll review both before implementation beginsp g Set up dates in everyone’s calendars Track key plan indicators and due dates Track key plan indicators and due dates
#8: No Short-term Rewards
Marries the short term and the long termMarries the short term and the long term Keep the project fresh and employees
stimulatedstimulated Rewards don’t have to be costly
• Certificates• Dinner for two• Tickets to a sports event
Wrapping It Uppp g p
Always insist and persist that strategicAlways insist and persist that strategic activities are completed “Never give in never give in never give Never give in, never give in, never give
in”B t f l k ith l Best of luck with your plans