Summary:
The real problem with strategic planning is not planning at all, it is executing the actions to secure the pre-determined results, as this author writes. Execution still remains as one of the top challenges for entrepreneurs to small business owners to C-Level Executives. This article highlights a five point model developed by Jay Galbraith, designed to help determine why the strategy is not being effectively executed.
The model includes Strategy, Structure, Processes/Systems, Rewards, and People as areas to focus on that may be causing the strategic plan to fail. This model is useful because it can serve as a quick assessment to determine why the strategy is not being effectively executed.
Article Quote:
“Within the center of the star are the desired results. All points are interconnected and encompass the center. When there is a lack of alignment between the points, then performance gaps are created. These gaps not only strain the limited resources of time, energy, money and emotions, but also contribute to the inability to secure the desired results.”
Link: http://www.post-trib.com/news/hoagland-smith/190464is 9,hoagland-smith-1130.article
This time of year, several companies are working on their strategic plans and looking to improve results in the coming year and beyond. Developing the strategic plan is only half the battle, putting the plan into action is the other. Performance technology that assists in tracking results and keeping everyone in the organization both informed and actively participating will save time, emotional stress, and keep the plan at the forefront of everyone’s activities.
For more on strategic planning, see http://www.performancesolutionstech.com/category/strategicplanning/
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