The focus of this new year has been directed toward strategic objectives with a view toward strategic planning. This is where the rubber meets the road in your business. Strategic planning is a higher level of planning in your business that those goes well beyond simple goal-setting or even creating your strategic objectives. You can […]
Strategic Planning – Not to Plan is a Plan to Fail Read More »
In our last article, we discussed some essentials for creating strategic planning objectives using the SMART system. Now it’s time to give your strategic objectives some teeth by putting systems into place to measure (remember the “M” in smart) and track those objectives (metrics). Then you will have the solid foundation you need to build
Strategic Planning and Objectives – Track It and Measure It to Make It Work! Read More »
When establishing system benchmarks, it’s best to stick to the essentials. Leave room for common sense and avoid the clutter of excess detail about process.
Creating System Benchmarks – Keep the Metrics Simple Read More »
most managers only measure outputs, not inputs, which is like telling a Little League team to score more runs, rather than actually explaining how to swing a bat and make contact with the ball. Similarly, most companies measure traffic, revenue or earnings, without considering how to improve the company at an atomic level: how to make a meeting better, or an engineer more productive.
“How am I Doing, Boss?” – Management Metrics Improve Team Performance Read More »
One of the primary reasons that the strategic planning process fails is because the plan is written and then set aside to gather dust. Once the plan is created, it needs to be communicated to the parties involved in its success. Provide metrics that align with the expectations for the plan’s outcome
How to Create Strategic Planning To Drive Strategy Read More »
The litmus test for each of your strategic objectives is that it has to meet each of these five criteria. If the objective fails to meet one or more of these criteria, then either assess it to determine if it is truly strategic, or revise it to make it more specific, measurable, actionable, realistic, and time bound.
Being SMART About Setting Strategic Objectives Read More »
Strategic objectives should be selected to address the major challenges facing the company. To make these SOs manageable and actionable, limit them to no more than eight, and it’s vital to prioritize them.
Developing Strategic Objectives for 2012 Read More »