Questions and Answers
If we were to spend only one day on Strategic Planning, what should we do? The Simplified Strategic Planning process is designed to create a Strategic Plan that is built on solid information and shared assumptions. Its success is also dependent on buy-in from the key managers who will implement the plan. All of this takes time. If it is "forced" through a superficial treatment of a business situation the result is likely to be a poor plan, poor implementation or both. While our recommended initial seven-day process (four days in subsequent cycles) can certainly be modified, some tradeoff in the long-term success of the plan is inevitable. It would be impossible to achieve the necessary degree of shared learning and commitment for strategy formulation and implementation in one day and we do not recommend that approach. If you are willing to accept this significant trade-off then we would recommend you spend the one-day resolving the company's key strategic issues. These should be assembled and prioritized ahead of time. A limited number of strategic objectives could also be identified as a result of your discussion of the key issues. If you would like to have a CSSP consultant design a one-day workshop, please look into our Staying Power Workshop: Staying Power Workshop What is the benefit of having a Strategic Focus?One of the fundamental problems that many companies face is a lack of focus. They try to deploy their limited resources across too wide a front and fail to achieve significant advantage in any area. Strategic Focus is the most basic focus a business can have. It is a description of what you intend to sell and who your target customers will be. It gets at the very heart of deciding what you will or will not do in your business. While a new entrepreneurial business often gets its start by throwing a bunch of stuff against the wall and seeing what sticks, an ongoing business cannot rely on that approach. Competencies must be developed and resources must be deployed to sustain long-term competitive advantage. This is unlikely to happen unless there are some limitations or boundaries placed on the scope of the company's activities. A clear Strategic Focus is the appropriate way to define those boundaries. Center for Simplified Strategic Planning, Inc. respects your privacy. We do not rent, sell or exchange email addresses. Center for Simplified Strategic Planning, Inc. For permission to reprint any article from Course and Direction, or if you would like to submit an article for inclusion in Course and Direction, please contact the editor, Elizabeth Tidd, at . For more, click here © Copyright 2012 Center for Simplified Strategic Planning. All rights reserved. |