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In Corporate Strategic Planning, Leave Your Perfectionism at the Door
| Guest post by: Joe Evans |
Article Overview: The pace of change and uncertainty in today’s economic and business environments require that business leaders define and evolve their plans while the organization is in full motion. Leaders must be able to react to risks and opportunities as they appear, while making choices that support a consistent corporate strategy. And while it’s tempting for organizations to strive for perfection in every strategic plan, this approach can result in serious missed opportunities and lost market share. Embrace the imperfection that is inherent in any corporate strategic plan. After all, without clairvoyant powers nobody has perfect information upon which to plan and act -- and that’s okay.
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Free Download - How Well Do You Understand Your Organization’s Core Competencies? By Joe Evans |
In Corporate Strategic Planning, Leave Your Perfectionism at the Door
The pace of change and uncertainty in today’s economic and business
environments require that business leaders define and evolve their plans
while the organization is in full motion. Leaders must be able to react
to risks and opportunities as they appear, while making choices that
support a consistent corporate strategy. And while it’s tempting for
organizations to strive for perfection in every strategic plan, this
approach can result in serious missed opportunities and lost market
share. Embrace the imperfection that is inherent in any corporate
strategic plan. After all, without clairvoyant powers nobody has
perfect information upon which to plan and act -- and that’s okay.
How do you balance the need for quick action with the risk of strategic missteps?
Leaders must create and embrace a
planning approach that supports overarching corporate objectives, while
continuously evolving with changing environments. Organizations require
a plan that is anchored by a defined strategy and supporting goals,
with operational plans to support the goals and managed execution to
enact the plan. And while the vision and strategy has to be somewhat
steady in the short-term, the operational tactics of execution must have
the flexibility to change with the times.
Build Organizational Action into Your Corporate Planning Process
Build Organizational Action into Your Corporate Planning Process
An action-oriented corporate strategic planning
approach that is based on reasonable objective assumptions, historical
data, and fact-based analytics, enables leaders to make confident
decisions, quickly, and then move forward with action. A planning
approach that elicits confident organizational action provides
describable, actionable, achievable and predictable outcomes even in
uncertain times.
What does an action-oriented planning process look like?
What does an action-oriented planning process look like?
At Method Frameworks, we’ve created a
planning process that has proven to support organizational action in the
face of uncertainty and change. This process involves the following
steps:
Learn more about how to elicit organizational action through Plan4SM. Download our corporate strategic planning approach.
Related Articles- Understand how the organization responds to various types of decisions and demands. Knowing this in advance will help you predict how the organization will respond when action is needed.
- Enable members of the organization to visualize the organization’s desired outcomes. What is “seen” is more likely to be achieved.
- Use mathematical formulas to calculate the value of potential outcomes.
- Prioritize and justify your highest value opportunities to ensure organizational energy and focus is in the right place.
- Create initial plans and get to work. You’re not looking for perfection right off the bat. Create initial estimates of time, resources, and costs required to achieve outcomes.
- Create detailed plans, while continuing to work toward the plan’s goals, to more deeply assess and verify the initial plans.
- Ensure the customer is at center stage and enable those responsible for the plan execution to understand what the plan is intended to deliver to the customer.
- Conduct strict program-level planning and governance in which plans are put into action with clearly-defined measures of responsibility along with metrics and reporting to measure progress and results.
* * *
Join the Strategic
Planning Xchange group.
Learn more about how to elicit organizational action through Plan4SM. Download our corporate strategic planning approach.
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About the Author: Joe Evans RSS for Joe's articles - Visit Joe's website Joe Evans serves as the President and Chief Executive Officer of Method Frameworks. Method Frameworks provides management consulting services to commercial enterprises with strategic and operational planning solutions using the firm’s proprietary Plan4 process. Visit Method Frameworks at www.methodframeworks.com. Joe is a published author, frequent speaker and recognized expert in co rporate strategic planning. To contact Method Frameworks about scheduling Mr. Evans about an upcoming speaking engagement, visit www.methodframeworks.com/business-speaker or email requests to media_relations@methodframeworks.com. Want more corporate strategic planning insights? Read Joe's blog. Also, request to join the "Strategic Planning Xchange" now by following this link to the Strategic Planning Xchange. Click here to visit Joe's website   What Is Your Organizational Value Corporate Strategy and the Elephant in the Room Five Ways Strategic Planning Builds Capacity And Capability The Definition of Strategic Planning A White Paper A Lesson in the History of Strategic Planning |
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