Don’t let a fear of strategy stop you.
See common objections and how to move forward with best practices.
Strategy saves you time and resources by providing direction that benefits your bottom line.
Strategy should be approached simply and move your organization toward realizing your vision. Start by choosing two or three strategic initiatives, then allocating time during weekly team meetings to discuss progress.
It is worth finding the time because while only about half of organizations have a formal strategic execution process, 70% of those who do report outperforming their peers.
A simple digital approach is affordable and highly effective.
The bad rap comes from what was offered in the past with hefty consulting fees and retreat costs, which most companies don’t need. Today’s software solution is customizable, scalable, and offers teams real time digital collaboration for improved engagement.
This is a wise investment as companies with high employee engagement are 22% more profitable.
Communication and execution are as important as planning. These are pieces of the same pie that make it possible for your organization to grow and operate more efficiently.
We’ve witnessed companies with amazing product, people, and promise stagnate or, worse yet, fail when planning is merely an annual event that results in a dust-collecting document.
Your organization requires smart action to avoid the pitfalls of the estimated 67% whose well-formulated strategies failed due to poor execution.
Strategy execution fails when people see it as something “in addition” to their job.
Business surveys reveal that up to 50% of staff time is spent on activities that do not align with company strategy, so leaders in every sector are searching for ways to set smart goals and devote the right resources to meeting them.
The strategic plan is the path, and your daily routines are the steps. When the path and steps are aligned, teams can achieve greatness faster.
These tools won’t get you where your strategy could lead.
Manual tools are static, but your strategy is dynamic. Manual tools are not good “sources of truth” and do not foster accountability.
When it comes to managing your strategic plan, it’s not a fair fight between manual versus digital for offering your team scalability and real time communication.
The best plans evolve because your customers, your market, and your organization change.
We caution leaders to beware of the stodgy, multi-year plan that does not leave room for adaptation.
Your strategy can provide valuable guidance in response to current data gathered through an honest assessment of your strengths, weaknesses, opportunities, and threats. A major benefit of SWOT data is transforming and aiding decision-making processes and strategic adjustments.
Not every goal needs to bring about major sea change within an organization.
The most effective organizations make sure their daily work is tied to goals that link directly to their mission, vision, and values.
According to a survey, only 5% of small businesses reached their goals in the last year so simply measuring basic performance can lead to big improvements as what gets measured gets done. Moreover, measurable goals help limit teams from chasing shiny object metrics that often have little to do with actual strategic growth.
Strategypoint was conceived when our founders saw the need for better systems to align strategy within an organization – beyond the board and senior management – to improve productivity and success for everyone on the team.
We’ve witnessed organizations with good intentions overcomplicate or reengineer the strategic process that should be simple and straightforward.
It’s as easy as linking your company aspirations and your team’s day-to-day efforts.
As a leader, you will model behavior for your team that shows a commitment from idea to implementation by setting and measuring goals that tie directly to your mission and vision.
You deserve a clear path to your vision.
Strategypoint helps you organize the goals, work, and people that make it happen.
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