Three Trends Facing Future Business Strategic Planning
Three Trends Facing Future Business Strategic Planning
Looking to the future is many times difficult because we are so focused on the past and the present. Recently when speaking to both local leaders here in Northwest Indiana as well as nationally, I surveyed them as to the challenges that they see down the road the next one to 10 years. As someone whose business consulting and sales coaching practice is very much about determining future trends as part of the strategic planning process to help my clients secure their competitive advantage, I see these 3 critical issues facing all organizations from the smallest to the largest.
#1 Critical Business Trend is Succession Leadership. With the forthcoming retirement of the 65 million baby boomers, finding leaders and then developing those individuals in any organization will be as Ford Motor has stated: “Job #1.” No longer will businesses steal human capital talent from their competitors because there will be none to steal. Everyone will be in the same boat. The recent announcement by Steve Jobs of Apple to step away for 6 months is a perfect illustration of the importance of succession leadership with the strategic plan. (The stock declined 10% within hours of his announcement.)
#2 Critical Business Trend is Strategic Planning. No longer will organizations adopt the role of Captain Wing It who is flying Sky High Airlines 135 heading for sunny Bermuda or is it flight number 351 en route to the Bahamas? The key resources of time, people, money and energy will continue to become even more valuable. Miss-directed actions that cost resources will land companies in the hole of No-Return. The 21st century is knowledge driven and how to leverage that knowledge through critical thinking skills.
#3 Critical Business Trend is Human Capital Talent Development. The greatest resource of any organization is its people and it is the most under-utilized. Each employee has incredible potential that is dormant just waiting for the right person to let the “genie out of the bottle.” Current productivity research suggests between 20-25% of all employees are actively engaged on the job, meaning that they are giving at least $1 worth of work for every dollar received in compensation. This data suggests there is a lot of untapped performance (75-80%) just sitting along the sidelines not delivering a positive return on the investment. Strategic planning must address this wasted resource.
Take Action Coaching Tip: Review these 3 issues and determine if they are important today or will be important tomorrow. Establish goals with your strategic plan to ensure that your actions will secure you a competitive advantage.
Three Trends Facing Future Business Strategic Planning - To learn more about this author, visit Leanne Hoagland-Smith's Website.
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Where does time go? What seems like just yesterday you were planning this year's goals and now it is 6 months or heaven's forbid 2 years later!
Looking to the future is many times difficult because we are so focused on the past and the present. Recently when speaking to both local leaders here in Northwest Indiana as well as nationally, I surveyed them as to the challenges that they see down the road the next one to 10 years. As someone whose business consulting and sales coaching practice is very much about determining future trends as part of the strategic planning process to help my clients secure their competitive advantage, I see these 3 critical issues facing all organizations from the smallest to the largest.
#1 Critical Business Trend is Succession Leadership. With the forthcoming retirement of the 65 million baby boomers, finding leaders and then developing those individuals in any organization will be as Ford Motor has stated: “Job #1.” No longer will businesses steal human capital talent from their competitors because there will be none to steal. Everyone will be in the same boat. The recent announcement by Steve Jobs of Apple to step away for 6 months is a perfect illustration of the importance of succession leadership with the strategic plan. (The stock declined 10% within hours of his announcement.)
#2 Critical Business Trend is Strategic Planning. No longer will organizations adopt the role of Captain Wing It who is flying Sky High Airlines 135 heading for sunny Bermuda or is it flight number 351 en route to the Bahamas? The key resources of time, people, money and energy will continue to become even more valuable. Miss-directed actions that cost resources will land companies in the hole of No-Return. The 21st century is knowledge driven and how to leverage that knowledge through critical thinking skills.
#3 Critical Business Trend is Human Capital Talent Development. The greatest resource of any organization is its people and it is the most under-utilized. Each employee has incredible potential that is dormant just waiting for the right person to let the “genie out of the bottle.” Current productivity research suggests between 20-25% of all employees are actively engaged on the job, meaning that they are giving at least $1 worth of work for every dollar received in compensation. This data suggests there is a lot of untapped performance (75-80%) just sitting along the sidelines not delivering a positive return on the investment. Strategic planning must address this wasted resource.
Take Action Coaching Tip: Review these 3 issues and determine if they are important today or will be important tomorrow. Establish goals with your strategic plan to ensure that your actions will secure you a competitive advantage.
Three Trends Facing Future Business Strategic Planning - To learn more about this author, visit Leanne Hoagland-Smith's Website.
Like this article? Share it with your friends
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
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