Let’s face it, strategic planning takes effort. It requires an investment of time, energy and reasonable capital, depending of the depth of market and competitor analysis included in your strategic planning efforts. However, once the retreats are over and the plans are developed and documented that’s when the really hard strategic work begins – the work of executing the strategy.
It’s hard because one of the rarest elements of a strategic plan is a plan for implementing the plan – a strategy for executing the strategy. A structured means of giving your strategy-making forward momentum.
In this Projectify Point, I talk about the need to incorporate a framework into your strategic planning that turns strategic intent into consistent, persistent strategic activity – activity that generates meaningful strategic progress.
When your strategy-making doesn’t engage your people, the business’s most valuable source of knowledge, capability and capacity is not being brought to bear on the important work of shaping your business for a desired future state. And it’s not being tapped to provide the signals that allow the business to understand where the brightest future might lie.
In today’s fast-moving business world, that can be very expensive – or perhaps fatal – for your business.
How are you giving your strategy life? What are you doing to create strategic forward momentum? How are you ensuring that your people are engaged in its realisation? I’d love to hear your thoughts and experiences in the comments below.