Insights: Strategic Planning

Five Practices to Get Your Strategic Planning Process Off to a Great Start

Strategic planning is an important tool of strategy execution that translates strategy into operations.  Operations are where execution takes place, resulting from thousands of decisions and actions by the employees. Linking strategy […]

READ MORE

Effective Strategic Planning: Getting Critical Success Factors Right

Critical success factors (CSFs) are the factors or activities necessary for the business to be successful.  Knowing your organization’s CSFs is extremely important because it allows management to devote the resources of […]

READ MORE

Effective Strategic Planning: Field Powerful Strategic Initiatives

The problem with strategic initiatives is that all too often they are not strategic.  What they aim for is not always clear.  They focus on superficial issues and never get to the […]

READ MORE

Effective Strategic Planning: Is Commitment Locked In?

A key moment of truth between the company board and its executive leadership is the Performance Commitment – an agreement that represents the actions that will be taken, the financial implications, and […]

READ MORE

How Do You Know If You Have An Effective Strategic Planning Process?

Companies spend significant resources on strategic planning every year.  Six months to a year into it, many find out that they are no closer to executing their strategy and achieving results than […]

READ MORE

Effective Strategic Planning: Beyond SWOT Analysis

SWOT Analysis is a core tool of the strategic planning process.  Its purpose is to identify a company’s strengths, weaknesses, opportunities and threats.  In its basic form, it may appear trivial and limited.  A […]

READ MORE

Effective Strategic Planning: 5 Steps to Build Consensus

The strategic planning process translates the long-term objectives of the firm into short-term “strategic” operating initiatives. In so doing, executive management must build company-wide consensus to get managers and employees onboard.  Unquestionably, […]

READ MORE