|
|
Like this article? PLEASE +1 it! |  |
|
Qualities of an Effective Corporate Strategic Planning Process
| Guest post by: Joe Evans |
Article Overview: Corporate strategic planning is intended to provide both the direction (strategy) and the actions (execution) needed to achieve strategic goals. The combination of smart strategy and successful execution is the hallmark of a great planning process. Does your planning process have the qualities to translate strategy into successful business execution?
 |
Free Download - How Well Do You Understand Your Organization’s Core Competencies? By Joe Evans |
Qualities of an Effective Corporate Strategic Planning Process
Corporate strategic planning is intended to provide both the
direction (strategy) and the actions (execution) needed to achieve
strategic goals. The combination of smart strategy and successful
execution is the hallmark of a great planning process.
So what does this process look like?
- It creates a hard link between planning and execution.
- It reduces risk by eliminating variability and ambiguity in language, outcomes, and process.
- It provides a customer-centered perspective.
- It facilitates bidirectional communication.
- It enforces accountability.
- It empowers executives and staff with “business truth.”
- It provides clarity and steps to achieve outcomes.
- It can be applied in any context (internally, externally / business, technical).
- It provides repeatable, predictable, measurable results.
- It enables the organization to develop plans more efficiently with precision delivery.
- It provides cost savings through a repeatable set of processes.
- It creates minimal intrusion to the organization.
What’s gone wrong with the strategic planning process?
Consider that many planning exercises are
carried out in one of two ways: At a fevered pace to set objectives
very quickly; or over a very long period of time that has constant
interruptions, short meetings, and is primarily focused on current or ad
hoc issues that the organization is facing. Either way, we find that
management staff is usually focused on short term goals and issues with
the most financially significant concerns taking the most attention.
Additionally, in traditional planning, the people who will be most affected by the organization’s plans are often unaware of what the end goals are and have been given varying levels of information to carry out their goals. There is usually a team or set of teams that have been given the “go ahead” to carry out the plans but they often fall prey to office politics, cliques, and business friendships that all impact the ultimate success of the plan and more importantly, the realization of the outcomes that the business is trying to achieve.
All of this adds up to an ineffective strategic planning process that leaves organizations and executives bewildered and wondering why their plans don’t deliver the intended results.
Meanwhile, organizations that have managed to create an effective strategic planning process are able to remain focused on delivering value to customers and gaining market share, while also moving toward defined corporate objectives. It is this ability to balance strategy and execution that gives advantage to today’s most successful organizations.
At Method Frameworks, our proprietary scientifically-based Plan4SM planning process creates a hard link between planning and execution, giving executives the outcomes they miss from traditional planning exercises.
Related ArticlesAdditionally, in traditional planning, the people who will be most affected by the organization’s plans are often unaware of what the end goals are and have been given varying levels of information to carry out their goals. There is usually a team or set of teams that have been given the “go ahead” to carry out the plans but they often fall prey to office politics, cliques, and business friendships that all impact the ultimate success of the plan and more importantly, the realization of the outcomes that the business is trying to achieve.
All of this adds up to an ineffective strategic planning process that leaves organizations and executives bewildered and wondering why their plans don’t deliver the intended results.
Meanwhile, organizations that have managed to create an effective strategic planning process are able to remain focused on delivering value to customers and gaining market share, while also moving toward defined corporate objectives. It is this ability to balance strategy and execution that gives advantage to today’s most successful organizations.
At Method Frameworks, our proprietary scientifically-based Plan4SM planning process creates a hard link between planning and execution, giving executives the outcomes they miss from traditional planning exercises.
* * *
Join the Strategic Planning Xchange group.
Learn More Does this leave you curious about Method Frameworks and the effectiveness of your own planning process? Plan4SM is our proprietary business planning process that involves an integrated set of actions designed to help companies gain sustainable advantage. Download our brochure to learn more about Method Frameworks and our services or download our Plan4 Planning Process Overview.
You can contact Method Frameworks at 877-317-5264 (877-31PLAN4) or follow this link to request a meeting with a planning consultant. Check our articles and blog often at www.methodframeworks.com to get many more planning tips and information about our Plan4 process.
Join the Strategic Planning Xchange group.
Learn More Does this leave you curious about Method Frameworks and the effectiveness of your own planning process? Plan4SM is our proprietary business planning process that involves an integrated set of actions designed to help companies gain sustainable advantage. Download our brochure to learn more about Method Frameworks and our services or download our Plan4 Planning Process Overview.
You can contact Method Frameworks at 877-317-5264 (877-31PLAN4) or follow this link to request a meeting with a planning consultant. Check our articles and blog often at www.methodframeworks.com to get many more planning tips and information about our Plan4 process.
Strategically Structured Succession Planning For Company Leadership According To Your Strategic Thinking Business Coach
“The Top Ten Reasons Strategic Planning Meetings Fail, According To Your Strategic Thinking Business Coach”
Strategic Planning
Critical Qualities To Achieve Credibility, According To Your Strategic Thinking Business Coach
3 Common Causes of Corporate Strategy Misalignment
What Is Strategic Business Planning?
“Eight Key Characteristics For A Strategic Planning Facilitator, According To Your Strategic Thinking Business Coach”
A Fresh Approach to Obtaining Global Perspectives on Corporate Strategic Planning
Strategy: A Process and a Journey or Just a Way of Thinking?
How to crystalize business growth options through Strategic Planning
“A Major Communication Tip For Successful Strategic Planning – Provide Definitions of Major Strategic Planning Terms As You Begin”
Strategic Thinking What Does It Really Mean
Ten Major Fears That Scare Small Businesses Away From Strategic Planning
More on Strategic Planning What Do You Think
“Ten More Benefits From Strategic Planning, According To Your Strategic Thinking Business Coach Ten More Benefits From Strategic Planning, According To Your Strategic Thinking Business Coach”
Is strategic planning for small businesses, or only the “Fortune-ate”?
Eight Essential Qualities of Passionate, Powerful and Proven Leaders, According To Your Strategic Thinking Business Coach
Seven Benefits Of Strategic Thinking And Planning For A New Year According To Your Strategic Thinking Business Coach
Year End Strategic Planning - To Plan or Not to Plan - That is the Question\"
“Seven Reasons Why You Need A Strategic Planning Facilitator, According To Your Strategic Thinking Business Coach”
Home
> Management
> Joe Evans
> Qualities of an Effective Corporate Strategic Planning Process
> Google +
Article Tags:
corporate strategic planning,
execution,
smart strategy,
strategic planning process,
successful business
Referred by: http://www.imageworksstudio.com/
|
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   Five Ways Strategic Planning Builds Capacity And Capability Your Strategic Plan in 7 Days Strategic Planning Business Executive Essentials Part 4 of 12 Can We Remove Risk From Our Strategy Change Agents The Power Behind Effective Change Management |
Related Forum Posts
Different Hats
- CEO Sales & Marketing & Leadership Development Company
Strategic Vision 10
Alliances & Growth Strategies 10
Hiring & Managing People 8
Mentoring 8-9
Strategic Planning for Clients 10
Execution of Marketing Campaigns 9-10 (i have great people who do the nitty gritty)
Financial Management 9
Bookkeeping 3 (outsourced as I really hate the fine details like GST0
Administrative Follow Up 6-7 (again have great staff)
Writing & Publishing 9 (getting better all the time!)
Speaking 10 (so I have been told)
Self Promotion 9-10
Web development & Promotion 6-7 (learning more and have brought on players who are 10+)
Babysitting Employees (1 - wont do it, that's why I work so hard to hire and motivate the people I have)
Great topic Kevin!!
Jude
HRPreneur
- Hi everyone,
I am new to the forum and I recently started my own Human Capital (HR) consulting firm called HRPreneur Inc. HRP focuses on making human capital a strategic differentiator for SME's.
Below is a summary about HRP;
Who We Are:
HRP is a Human Capital consulting firm with 30 years of experience that becomes an extension of your company by providing a full array of services to help you create a highly engaged workforce focused on achieving strategic results in order to build a long lasting great company!
Mission:
HRP provides small and medium sized businesses a Strategic HR Business Partner to increase employee engagement, resulting in cost savings, increased productivity and results at an affordable rate!
Vision:
To inspire and warrant SME's reach their full competency!
Cost Effectiveness:
We provide over 30 years of experience at a fraction of the cost at a strategic executive HR business level
You will save between 50% to 60% in costs per year on salary, bonus, benefits, training, office space alone
We will provide you additional cost efficiencies through our services
Services:
• Strategic Human Resources Planning
• Organizational Redesign
• Change Management
• Organizational Culture Development
• Employee Engagement Programs
• Leadership Assessment and Development
• Compensation Design
• Talent Acquisition
• Assimilation and On-Boarding
• Performance Management
• Talent Management & Succession Planning
• Human Resources Due Diligence
• Human Resources Audit
• Full Service HR Outsourcing
Corporate Resource Speakers in Australia
- Where can we find one of the best Corporate Resource Speakers in Australia?
Re: How do you make the most of your day?
- Planning, To Do lists, and deadlines all help me.
Also being self critical of my own time management helps me raise the bar.
I still check email too often though.
Seeking advice on working procedure of Convenience Store Fra
- I have some queries about the working of the franchises. How does the relationship between the Store Owner, Suppliers and Corporate works exactly? How does the store owners get reimbursed when they sell commodities like coke in fewer prices than others?
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Featured Article
by: 
Build Your List with Joint Venture Giveaway Events
May 2012 Top 100 Social Media Experts to Follow on Twitter
What to measure to be phenomenally successful in business
10 mistakes of media relations
Making Money Blogging Can Be Tons Of Fun 
Newsletter
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Popular Articles
What To Do With a Troublemaker?
Download a template or see a lawyer?
Selling with Humor (and a Sorry Butt)
What To Do With a Troublemaker?
Download a template or see a lawyer?
Selling with Humor (and a Sorry Butt)
Suggestions
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.