Electronic Newsletter Issue 2007-11
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According to a 2006 executive survey conducted by The McKinsey Quarterly, over 50% of respondents said a formal planning process plays a significant role in developing corporate strategy.
It is that time of year when many of you are trying to plan your strategy of what you will be doing in the next year to improve your business. So I thought I would help you out a little with your planning effort based on an update project I have been doing to my Group Development Training from teams to organization strategy. In this issue, I would like to share a few tips from that development project with you for this time of year.
To begin the yearly process, individually or as a group, I suggest you answer the question "Where are we now?" as a performance audit for your organization or team.
Once you have this data, move to Group Gathering section for group planning steps.
To plan next year, you need to answer the question "Where do we want to go from here?"
S | W
O | T
This should get you on your way to better and more achievable strategic plan for making your business better in the new year.
A final planning question is "How will we know when we get there?" This has to do with developing SMART goals. SMART = Specific, Measurable, Attainable, Relevant, and Timely. You can do an internet search on "SMART GOAL" to find out more on creating this type of goal.
Developing a computer system or spreadsheet can be very useful for tracking and measuring your SMART goals. For general tips and activities on setting goals, see my archived newsletter 2005-11 on Goal Setting.
"Strategy is a style of thinking, a conscious and deliberate process, an intensive implementation system, the science of insuring future success." - Pete Johnson
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