Don’t Plan to Fail in 2010
Avoid the Top 3 Strategic Planning Pitfalls
Not all strategic planning is created equally. The majority of companies find a mere 63 percent of the goals outlined in their strategic plan are achieved each year. Why leave all of that opportunity on the table?
How can you pull the extra level of growth out of your strategic plan? Make strategic planning an ongoing process rather than an annual event combined with a golf outing or Board retreat.
Most companies see goals fail because their strategic planning process lacks three basic components necessary for success.
• A chain of leadership involvement that extends beyond Executive leadership to include those business leaders actually responsible for producing results.
• A defined accountability program to achieve the goal and detailed process for ongoing progress reviews.
• A platform that includes ongoing monitoring and review to take strategic planning from a onetime annual event to an evolving growth process.
Incorporate these three elements into your planning and you’ll achieve more next year. Or, consider successful planning programs like Best Year Yet®, a strategic planning process that achieves significant, measurable and relevant results by generating alignment to move everyone in the same direction. Best Year Yet is a program that changes behavior, culture and performance to deliver success year after year.
Want to find out more about Best Year Yet – email Sharon Lovejoy at slovejoy@marketmatch.com and plan for success in 2010.
Deanna
