For any business to be successful, the CEO’s and business executives must or should start with a strategic plan. I recently attended a speech put on by Toni Newman by our Local CAPS chapter meeting (she is our National President) and I received a couple of reminders at her “Survival of the Fittest” talk where she reminded us that we need to be original and be sure to have solid, good signature keynote speech.
Your Strategic Planning
First of all it reminded me to really take a look at what I am doing. The strategic plan for my business hasn’t been touched for a while. Even if I am to perform as a great local Winnipeg Management Consultant, strategic plans should be my bread and butter and even if I choose to avoid gluten, I should eat my own bread. Most of my consulting has been done after I’d experienced a plane ride or two, or the phone, but my own personal strategic planning must be done, and refreshed at least every year. I was focused more on the products and services that I offered.
I have spent a good time in my business consulting with large companies, and helping them to create IT Strategic Plans, or at least focus on IT Strategic Plan objectives when they focus on their IT Strategic Plans. I recently looked at my own and saw far too much clutter. The easiest way to make progress in your own IT Strategic Plan is to add this house keeping task to your work or environment. Sometimes it is easier to clear this away before putting a focus on your business, and more often this is the case.
What’s next? Decide if you will focus on the long-term strategic planning or the short-term strategic planning. I strongly believe that one will become a much stronger executive if they can have this business focus. Long term strategic planning is typically 3-5 years out, and recently when I gave a keynote speech to a group of nearly three hundred business owners, my focus was on the BHAG or big hairy audacious goal. I wanted to give my audience something to hang onto, such as Jim Collins hedgehog concept. They wanted a leadership speaker and specifically goal setting was their wish.
With these entrepreneurs, I focused on at least a ten year horizon. Both in long term strategic plans as well as short term plans, breaking up the action plan into “chunks” or “tasks” and an action plan is best. I did this by giving them list building activities that were quite simplified, and not too much to swallow.
The strategic plan focus on WHAT will be done, and the action plan will be comprised of a break down on the what, as well as a who, when and maybe even the where. When a leader creates their big vision, and follows in a good strategic planning process, the how can always and should come later.
Tags: #business, #strategic planning, #IT Strategic Plan, #Management ConsultantRead More
Strategic Planning is the process that most companies, entrepreneurs and career professionals use to plot their route to success. There are many common processes to do this, but in a nut shell, it all boils down to a few common steps:
1) Assess the past (current state)
2) Rank the outcome and focus on the opportunities, threats, strengths and weaknesses (S.W.O.T.)
3) Assess the data
4) Chart the course (future state)
5) Create an action plan
6) Create measurable checkpoints
7) Start, and regularly measure, assess and adjust.
Strategic Planning For Success
Sound too easy? Often companies are overwhelmed or are too close to their own situations to objectively perform such activities and so they hire a management consultant with strengths in strategic planning. Inside an IT organization, this may occur in annual IT Strategic Planning exercises, or be drawn out as action steps in alignment with the Corporate Strategy.
Small businesses may gather a few of their key staff and gather in a remote area to focus on what needs to be done. Solopreneurs may dedicate a day to assessing their past year and plot for their future, or revisit their original business plan and adjust.
Whatever you are doing this fall in your Q4 planning, I hope that you can take a step back, be objective and assess from a 10,000 foot view before you get down to the details.
All the best,
— P.S. If you need help, I’m close by.
Tags: #assess adjust, #regularly measure, #Strategic Planning, #Planning for Success, #Small businessesRead More