At the beginning of every project, there’s a problem to solve: how will we execute our project and in a way that satisfies stakeholders? How will we define scope, objectives, and results of a project?
The answers to each of these questions fill in your project management strategy. In this article we’ll cover what a strategic plan is, why you need one, and the topics you need to cover in your strategic plan.
More information: https://www.workfront.com/blog/project-management-how-to-develop-a-strategic-plan
“The best laid schemes of mice and men go often askew”
(Robert Burns, “To a Mouse, on Turning Her Up in Her Nest with the Plough”, 1785)
If poet Robert Burns were a CEO in today’s operating environment, we expect he’d use that line…often. In fact, is there a better way to manage expectations for a strategic plan with leaders and staff?
More information: http://www.lblstrategies.com/2018/08/16/companies-are-strategic-when-they-understand-the-process/
Over the Easter weekend I spent time at the Blackcaps vs England Test match at Christchurch’s Hagley Oval and saw a clear example of a lack of a strategy behind the pricing and the negative effects it has on businesses.
As it was a public holiday, one hospitality outlet set up at the grounds decided to enforce the additional public holiday surcharge of 15% onto all its products, however, they were the only one at the ground to do so.
More information: https://strategicmanagement.co.nz/blog/developing-a-pricing-strategy/
City managers, department managers, and city staff members all play a crucial role in achieving the city’s strategic plan. And that’s why cascading your strategic plan down to actionable, time-bound implementation steps is crucial for execution. You want to make sure that everyone’s on the same page and staff members are prioritizing the right goals.
But with different departments spread out across the city and each team busy with their own priorities and goals, how do you know if your strategic plan is on track?
More information: https://www.envisio.com/blog/cascade-strategic-planning
Many C-suite and mid-level executives have by now understood and experienced the benefits of business coaching. The range of topics for business coaching is very wide. It includes leadership development, stress management, coping with change, and handling conflicts, to name just a few. One particular branch of business coaching which still requires more explaining is business strategy coaching, which happens to be may own focus.
More information: http://www.strategicthinking.eu/5-signs-indicating-you-need-strategy-coaching/
The more we facilitate strategic planning meetings, the more we recognize the challenges that you face as a leader who is wanting to create change and a develop a new future for your organization. You may understand the importance of strategic planning (or our custom Aligned Strategy Development), but does the rest of your leadership team?
More information: https://www.smestrategy.net/blog/why-have-a-strategic-planning-meeting-and-how-to-convince-your-leadership-its-a-good-idea
There are literally hundreds of strategy frameworks out there, ranging from simple to extremely complicated. This can make choosing the best strategy frameworks for your own organization very hard. We’re going to talk you through 5 of the best strategy frameworks, and help you to decide which one is right for you.
First things first though – let alone the best strategy frameworks, why do you even need a strategy framework? The main reason is to help keep you focused on your goals.
More information: https://www.executestrategy.net/blog/best-strategy-frameworks/
When the connection between your business objective (what you hope to achieve) and your business strategy (how to get there) is confusing, weak, or nonexistent, people tend to lose sight of why they are in business in the first place. Misalignment leads to your working environment becoming chaotic and messy, and you start to face new problems every day. It is vital, therefore, to make sure that your business has a strategic-alignment model in place to clarify how goals will be achieved.
More information: https://cmoe.com/blog/why-your-team-isnt-strategically-aligned-and-how-to-fix-it/
We’ve put together our definitive guide to strategy implementation, but what is strategy implementation and how do you do it?. Simply put, strategy implementation is the term used to describe the process or activity that ensure the strategic planning is actually executed. In other words, it’s DOING what you said you would do when you were busy planning the strategy!
More information: https://www.executestrategy.net/blog/guide-to-strategy-implementation/
The strategic management process is the steps that you’ll go through to figure out where you want to take your organization, how you’re going to get there and whether or not you’re succeeding. Even more than that, the strategic management process is a blueprint for the culture you want to instil in your business.
There are tons of great articles on the web which describe the key elements of the strategic management process. Most of them agree that there are essentially 6 key elements:
More information: https://www.executestrategy.net/blog/strategic-management-process/