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Shirley Lee
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www.ShirleyFineLee.com |
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.
-
Answer this
question by looking at your group's strengths and skills, weaknesses and
needed training/technology, as well as if you met your goals or objectives
for the current year.
-
The next step
would be to look at your opportunities for next year and potential new
goals.
-
The third step
would be to list any threats that will prevent you taking the opportunities
or barriers and risks that may make your new goals harder to reach.
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?"
-
To answer this
question as a group put together a simple SWOT analysis using data from
the 3 steps in Timely Tip section. A SWOT analysis
is 4 lists (Strengths, Weaknesses, Opportunities, Threats)
put together in a quadrant where all data from each quadrant can be compared
against each other in order to prepare a better plan for future actions.
You may do each list on a titled sheet of flip chart paper and then create
the quadrant on a wall by taping the sheets up in the order below.
S
| W
-----------
O
| T
-
After comparing the quadrants and making additions to each list, discuss
what the goals or objectives should be for the next year and how to measure
them.
-
Once
these are agreed upon, determine what gaps exist and if any new skills or training are required
to reduce barriers to reaching the goals or objectives.
-
Finally, make a plan that includes tasks as well as development options
needed to fill gaps that would keep you from accomplishing the goals and objectives
you set. Then assign any
necessary actions to carry out the plan.
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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