Great Prairie Group’s Strategic Planning Audit is a quick check on your strategic planning process and execution. The audit asks critical questions to evaluate areas of strength and weakness as well as help your team improve the success of your strategic planning initiatives. These questions include the following:
The specificity of your answers will help you determine the level of strength of your strategic planning process.
Conferring the ability to execute strategy.
Strategic planning is the primary mechanism for executing a company’s strategy. It translates strategy formulation to the execution of thousands of decisions and actions across the organization every day – from the executives in the C-suite to the employees on the front line in the field.
Mastering strategic planning confers the ability to execute strategy, without it strategy fails. Strategic planning is not only extremely important to a company, but ultimately it is vital to the sustainability of its business. Getting strategic planning right presents a huge payoff:
The Challenge. Companies that create strong ties between their strategies, their plans, and, ultimately, their results experience a significant value multiplier effect. Yet strategic planning is where companies struggle and where results are less than encouraging. Most businesses derive less than 40% of the value of their strategies. More than 60% of the value evaporates in flawed execution. For most companies, the typical strategic planning process is an annual over-bureaucratic exercise that fails to deliver on its promise.
We assist clients in two aspects of the strategic planning process, including design to execution.