Strategic planning, when effectively applied, improves an organization’s likelihood to achieve short and long-term goals. Yet many of us struggle with the appropriate follow through. According to an intelligence unit report by The Economist, 61% of respondents admitted their organizations struggle to bridge the gap between strategy formulation and day-to-day implementation.
So, what are the best next steps to implement a strategic plan?
Over the next 14 days, I will share one tip each day that is designed to help you, and your organization, follow through on a strategic plan. When applied correctly, these tips can create alignment and ultimately help your organization reach its goals.
Tip #2: Share the strategic plan with your board and key stakeholders. Transparency will gain engagement, commitment and a high level of accountability for the plan.
Did you miss my previous tip on strategic plan implementation and follow through? Check it out here:
Tip 1: Communications plan
Looking for additional tips and proven strategies to identify and meet business objectives this year? Join me on January 21 for the New Year, New Clarity: Strategic Planning Through a Continuous Improvement Lens webinar. We’ll discuss how to identify goals and deliverables; conduct a S.W.O.T. (Strength, Weaknesses, Opportunities and Threats) Analysis; work on building contingency plans; and establish an internal communication plan to ensure alignment throughout the organization. Learn more and sign up at Lean Frontiers.