A Leader’s Options to Improve Business Performance
The number one job for all executives is to improve their business performance. What methods to employ is the question. Here are a few concepts to consider.
Continue reading “How to improve business performance with strategic planning”
Even infrequent golfers experience irritants with public golf courses. This should give owners pause. Why? Because it illustrates problems with their business model.
To demonstrate, we will use the right side of the Business Model canvas, which identifies:
Continue reading “Facilitator’s Notes: Many Public Golf Courses get a Bogey on their Business Model”
I have frequently observed that when delegations of business executives meet their government equivalents there can be gaps in communication. This can be the result of different perspectives about the substantive issues. For example, businesspeople usually have very specific interests and the government officials have a sense of responsibility to a wider set of competing interests.
Continue reading “When Associations are Advocating – Business and Government Executives – Strategic Facilitator’s Notes”
As a first step in a strategic plan or assessing a business model, it helps to assess the factors in the environment that could have an impact on the success of our organization.
Continue reading “Developing Strategic plan – Assessment of a Business Environment”
Where to focus a business leader’s attention when it comes to creating a strategic plan for future success?
For most of my career, I have been very comfortable with the model illustrated below.
Continue reading “Process or Structure? A Strategic Planning Facilitator’s Perspective”
As a first step within a strategic planning process, it is important to recognize that the nature of the competitive forces within our industry will determine the relative scope for growth and profitability. Understanding the dynamics of these forces will help us to assess the potential for new opportunities and begin to differentiate ourselves from others.
Continue reading “A First Step in Strategic Planning – Assessing the Environment”
Strategic Planning has gotten a bad rap for not addressing questions that turn on the critical choices that constitute strategy. Some critics have noted that strategic plans can simply be a roll-up of plans from across the organization, with little or no alignment and absent of any transformative attributes.
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An objective or measurable step is required to achieve any strategy.
That is why Strategic Objectives is one of the five elements of our Strategic Framework. It starts with a Vision Statement, it follows with Pillars of Success and then we develop Strategic Objectives. These are followed by Measures (dashboard) and Key Initiatives.
Continue reading “Strategic Objectives – Why we Need Them”
Establishing Key Initiatives for the organization makes a Strategic Framework a lot more “real” for many employees.
Continue reading “Key Initiatives – the Final Element of a Strategic Framework”
In our facilitation and consulting practicewe enable clients to build Strategic Frameworks. These multi-year plans include a Vision Statement, Pillars of Success, Strategic Objectives, Measures and Key Initiatives. It is important to differentiate Strategic Objectives, which are long-term, comprehensive and measurable outcomes, from Measures, which are the subject of this article.
Continue reading “Strategic Framework: Creating Measures and Using a Dashboard”