Is Your Annual Strategic Plan Being Executed Properly?
Strategic Planning and the Systems Needed to Manage It For Small Businesses
By Bob Norton, author, speaker and CEO Coach
When I work with a company to help get them growing faster I usually find that the strategic planning process is lacking, or even nonexistent. It is critical that any company with more than about a dozen people has an annual strategic planning process. This can be abbreviated for very small companies but still must be done. Even companies that have a decent strategic plan are most often missing the management systems to follow-up on the plan's progress and keep people on track. Up to 80% of results are often based on the 10% to 15% for management and planning. The plan is what aligns the mission and goals and allows people to make day-to-day decisions that are consistent with longer-term corporate objectives. The other systems are needed to keep people focused, on track, accountable and in alignment as you execute.
The strategic plan is the foundation of the annual and quarterly goals that make people and departments much more effective. In fact research shows that companies that have a goal oriented Management By Objective (MBO) system create 56% more value annually that those that do not have this kind of system in place.
see a model of the six systems you need to execute your strategic plan,
grow more rapidly and get faster and smoother growth.
Best Regards,
Bob Norton
Bob Norton, the CEO Coach, is the author of four books on starting and running companies and entrepreneurship. He runs the exclusive CEO & Boot Camp to help CEOs and senior executives cut years off their learning curve. He also coaches many CEOs at growth oriented technology companies with between $500K and $50MM in sales on how to get to the next level. He has grown two companies to over $100 million in sales from startup and can be contacted at Bob@CLevelEnterprises.com.
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