Why Do It? Plan to Succeed
Businesses using strategic plans are 12% more profitable.
Strategic planning is the process of setting a goal and achieving it by breaking it down into smaller steps until what first SEEMED complex becomes simple. Companies that successfully implement strategic planning practices grow faster, innovate more successfully and die harder.
Strategic planning at a point in time appears to double the likelihood of survival as a corporate entity.
John U. Farley, University of Pennsylvania
Do You NEED Results? Nothing Delivers Like Strategic Planning…
Get … things … done! Strategic planning enables execution, by breaking large objectives down to shorter-term goals. This helps key teams make sure to deliver – every time. It sure sounds easy, but it can be VERY difficult.
Make It Live. Static Plans Are DOA
Of 26,000 startup business failures, 67% had no written plan.
A static plan on paper or in a spreadsheet cannot be executed or tracked. This is why most plans fail. A real plan doesn’t gather dust – it lives and breathes. Plans that are too esoteric, complex and disconnected fail for those reasons. Bringing a plan to life means it must be part of every employee’s daily activities – unobtrusively.
Most organizations do not have a strategy execution process. Many have strategic plans, but no coherent approach to manage the execution of those plans.
Robert Kaplan, Harvard Business Review