How well are you doing against your strategic plan this year? Does your company have a written plan? Do your employees know the plan and do they operate to it? Are the goals & tactics spelled out so they know exactly what you want them to do- big picture & small? Are reward systems synchronized to the plan? Does your business plan thoroughly unify your entire team?
A well-crafted strategic plan should be a detailed battle plan for
your company. It should be the most tangible example of quality communications
from your generals to and from the front lines. A planning
culture facilitates transferring the opportunities and burdens of making the business
go from a few at the top to ALL of your employees. It aligns everyone
with key objectives and clarifies how the company expects to achieve
those objectives. Done well, it balances the control needs of management
with some creative freedom in the greater pool of employees that
get most of the work done. That balance helps it all get done well.
The Big Innovations (BI) team has helped many companies develop potent
strategic plans. Our proven process involves closely aligning company innovations
with customer wants & needs. We can effectively guide a company
throughout the entire process- even if that company has never had
a formal strategic plan before. Then, we can help you properly communicate the plan, reinforce it and manage your ongoing growth with it. You want record growth right? A quality plan lays out how to do it and taps into the collective brainpower, energy, etc, of your entire team to make it happen.
Superior Human Resources Productivity Yields Record Revenues
By design, a good plan creates structured delegation so that the
most senior managers can significantly reduce their workload in the
day-to-day and give more focus and time to leading- not
being- the team. This can yield a more hands-off scenario
whereby managers can simply hold their team to executing the plan
and not have to be involved in every nitty-gritty detail. Management
is freed up to be more strategic and thus better able and focused
on meaningfully growing the business. Failures here (top managers spending too
much of their very valuable time & energy on now needs) is the
#1 obstacle to rapid business growth. If your managers joke about
the company chaos culture, they're consciously (or unconsciously) begging
for a way to bring order to that chaos.
Installing a planning discipline is key to helping a small to medium-sized
company grow into a large company. The stresses of flying by the
seat of your pants can give way to fewer emergencies and much
greater productivity. What would having more time at the executive
level mean to the bigger growth aspirations of your company? What
would tapping into ALL of the brains in your employ- instead of just
a select few at the top- mean to corporate innovation, cost-savings, efficiency
& revenue growth? In short, a good strategic plan can unify the employees
and foster exceptional teamwork. A cohesive team with clearly defined
objectives can give you a much greater ROI on your human resources.
If your company does not have a formal plan or if it is becoming
increasingly clear that the company cannot grow much larger without
a strategic transfer of the day-to-day tasks from higher to lower
levels, contact the Big Innovations team. We can guide you through
the process and help you empower your most valuable resource while
keeping the company aimed at its grandest objectives.
If your company
has a strategic plan but has some challenges working with
it, we can diagnose the issues and help you overcome them. If only
a handful of employees can reasonably describe the content of your
plan- especially how their own role contributes to it- BI can help
you adapt communication tactics to maximize planning benefits.
5 Key Strategic Plan Manager Functions
Mark Twain said: "The secret to getting ahead is getting started. The secret of getting started is breaking your complex, overwhelming tasks into small manageable tasks and then starting on the first one." There are 5 key strategic plan functions to be executed by good leaders:
the plan to all stakeholders.
Delegate the vast majority of
making it happen down the chain of command.
Hold the staff accountable
to following the guidance of the plan.
Regularly monitor, measure and communicate plan
Do these 5 steps well and you can maximize your company effectiveness
of getting from here to the wow there you seek. If any of these are
a bit weak at your company you're missing some opportunities to grow your business
more effectively. Either way, a free consultation with the Big Innovations
team can be a powerful step in the right direction. Contact us today!