How to monitor and review your strategic plan | Jason North posted on the topic | LinkedIn (2024)

Do you have an effective improvement strategy? 🤔It doesn't matter if you are looking to grow and increase sales, profitability or get additional investment You'll need an effective improvement strategy in placeUnfortunately, most organisations and their leaders find that they are too busy to focus on the business and look at strategic improvement.Their growth strategy is based on a flawed hope that things will miraculously get better and improveWhereas others arrange off-site meetings and brainstorm a list of strategic improvement actions. Some end up with a list of 30 something strategic initiatives. But then find that they struggle to get traction on executing, and the ones that do get closed out don’t really change the fortunes of the businessMost business find that: 1.Teams do not have time to work on improvement actions 2.They have too many that choke up resources 3.Many strategic objectives are not strategic at all and don’t change the fortunes of the business. 4.Other focus on acquisition to grow, in-fact one senior thought leader at a business conference recently stated that the only way to scale at a rate of more than 3% a year was thru acquisition. As a senior leader, it's your duty to work on the business and make sure that there is better future for the business and its employees. - To do that you will need to discover what issues are currently stopping your teams delivering and improving - You’ll need to establish a long-term direction for the business - And then identify milestones to track your progressHave you seen teams struggle with the same issues?#strategy, #leadership, #management, #productivty, and #leanmanufacturing

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Unlocking Success: Making Time for Strategic Thinking in a Busy WorldWe often find ourselves caught up in day-to-day operations in the fast-paced business world, leaving little to no time for strategic thinking. Yet many research cases show that senior leaders believe being strategic is the leadership behavior most crucial to their organization’s success. So, here are five key tips on how to make more time for strategy and enable you to think strategically:1️⃣ Redefine Busyness: Being busy doesn't necessarily equate to being productive or strategic. It's time to shift our mindset from "busy = important" to "strategic = important."2️⃣ Track Your Time: Understand where your time is going. You might be surprised to find tasks you could combine, defer, or outsource, freeing time for strategic thinking.3️⃣ Create Space for Innovation: Strategic thinking doesn't require large amounts of time; it requires space. Clear your mind by writing down all your tasks in one place, allowing you to focus on the bigger picture.4️⃣ Prioritize Strategic Planning: Make strategic planning a regular part of your schedule. It's not a one-time event but an ongoing process that evolves with your business's challenges and opportunities.5️⃣ Embrace Agility: Be prepared to pivot your strategy as goals shift. Communicate the reasons for change to your organization and ensure everyone is aligned with the new direction.Remember, strategy is the compass that guides your business toward its goals. Let's make time for it!#StrategicPlanning #BusinessStrategy #Leadership

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Do you have an effective improvement strategy? 🤔It doesn't matter if you are looking to grow and increase sales, profitability or get additional investment You'll need an effective improvement strategy in placeUnfortunately, most organisations and their leaders find that they are too busy to focus on the business and look at strategic improvement.Their growth strategy is based on a flawed hope that things will miraculously get better and improveWhereas others arrange off-site meetings and brainstorm a list of strategic improvement actions. Some end up with a list of 30 something strategic initiatives. But then find that they struggle to get traction on executing, and the ones that do get closed out don’t really change the fortunes of the businessMost business find that: 1.Teams do not have time to work on improvement actions 2.They have too many that choke up resources 3.Many strategic objectives are not strategic at all and don’t change the fortunes of the business. 4.Other focus on acquisition to grow, in-fact one senior thought leader at a business conference recently stated that the only way to scale at a rate of more than 3% a year was thru acquisition. As a senior leader, it's your duty to work on the business and make sure that there is better future for the business and its employees. - To do that you will need to discover what issues are currently stopping your teams delivering and improving - You’ll need to establish a long-term direction for the business - And then identify milestones to track your progressHave you seen teams struggle with the same issues?#strategy, #leadership, #management, #productivty, and #leanmanufacturing

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One of the key management competencies is strategic action competency. In leadership and management spaces, there is so much talk about strategy but some don't even know how to go about developing or taking strategic actions. Strategy shows your intent and defines where you want to be in the long term. It gives you an understanding of the processes involved and the potential pitfalls.A Strategic Framework helps you to develop and follow through on strategic actions. Below is a sample Strategic Framework (model) that you can follow:1. Analyze information to understand your position and strengths2. Identify your competitive advantage. I like referring to this as your unique selling point.3. Define the scope of your products (or services) and markets. Do not be trapped into doing everything or attempting to meet every need in your industry4. Decide where and what most of your resources should be focused on5. Identify, prioritize, and implement changes when required.6. Create a feedback system to monitor performance and review strategy as often as possible. #leadership #strategy #management

How do business leaders truly define the success of a major business initiative? In seeking to uncover this, we posed an open-ended question to senior leaders to understand their criteria for measuring and evaluating the success of their key projects. Here’s what we learned. When considering the success of major initiatives, executives today take a comprehensive view. 💰 Revenue and Profit: 22% of executives consider financial outcomes such as sales volume, profitability, and cost structure as primary indicators of success.🥅 Goal Achievement: 19% focus on how well the organisation accomplishes its predetermined strategic goals.🥇 Quality and Efficiency: 17% prioritize the quality of the work and the efficiency of processes in achieving that quality. For change professionals, the insight is clear: effective change management must align with these executive priorities to drive holistic success. This means not only focusing on the financials but also ensuring that strategic goals are met with high-quality execution, and that the people side of change—employees and customers—is managed effectively to foster engagement and satisfaction. By doing so, we can ensure that change initiatives are truly successful on all fronts. To gain further insights into how executives view change and its management, and to understand the implications for change professionals, subscribe to Research Hub for access to the full report 23 Insights from Executives About Working With Executives. https://lnkd.in/gKmzaeCG #prosci #changemanagement #leadership #businessoutcomes #roi #organisationalchange

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How do business leaders truly define the success of a major business initiative? In seeking to uncover this, we posed an open-ended question to senior leaders to understand their criteria for measuring and evaluating the success of their key projects. Here’s what we learned. When considering the success of major initiatives, executives today take a comprehensive view. 💰 Revenue and Profit: 22% of executives consider financial outcomes such as sales volume, profitability, and cost structure as primary indicators of success.🥅 Goal Achievement: 19% focus on how well the organization accomplishes its predetermined strategic goals.🥇 Quality and Efficiency: 17% prioritize the quality of the work and the efficiency of processes in achieving that quality. For change professionals, the insight is clear: effective change management must align with these executive priorities to drive holistic success. This means not only focusing on the financials but also ensuring that strategic goals are met with high-quality execution, and that the people side of change—employees and customers—is managed effectively to foster engagement and satisfaction. By doing so, we can ensure that change initiatives are truly successful on all fronts. To gain further insights into how executives view change and its management, and to understand the implications for change professionals, subscribe to Research Hub for access to the full report 23 Insights from Executives About Working With Executives. https://lnkd.in/gKmzaeCG #prosci #changemanagement #leadership #businessoutcomes #roi #organizationalchange

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🚀 Unlocking Strategic Success: Mastering the Art of ExecutionEmbarking on a journey of strategic excellence requires more than just a plan. It demands a roadmap crafted with precision and executed with finesse. I'm excited to share insights that can elevate your strategy and drive tangible results. Let's delve into the core pillars that can turn your strategic vision into a reality.1️⃣ Leadership & Alignment:#Engaged_leadership and seamless #organizational_alignment lay the foundation for success.Leaders, be the driving force behind cultural and structural coherence.2️⃣ Performance Management:Navigate the journey with precision using well-defined #KPIs.Embrace #continuous_improvement, making adaptability a cornerstone of your strategy.3️⃣ Resource Optimization:Efficiently allocate #resources, both financial and human.Embrace #technology and #innovation to propel your strategy forward.4️⃣ Communication & Risk Management:#Transparent_communication and proactive #risk_management are non-negotiable.Keep your stakeholders informed and chart a course that anticipates and mitigates risks.#StrategyExecution #Leadership #Innovation #BusinessSuccess

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🎯 its all about focus! 🌟What we see a lot lately is, that companys want too much. Too many initiatives, too many KPIs - and sometimes they are counterproductive. #Focus to us means: conscious choices about what you will do and what you will NOT do. 🔍 Many years ago, one client used "Must-Win Battles" by Peter Killing and @Thomas Malnight to focus and stop the madness. The authors present a three-step process: Diagnosis, Design, and Delivery. Leaders diagnose challenges, design action plans, and execute with precision.💡 in short these are the steps: 1️⃣ Define Strategic Objectives: Clearly articulate your organization's long-term vision and objectives.2️⃣ Conduct a thorough diagnosis: Assess your organization's position, challenges, and opportunities.3️⃣ Prioritize action fields: Focus on a few critical battles that align with your goals.4️⃣ Develop Plans: Create actionable plans with clear objectives and resource allocation.5️⃣ Align the Organization: Communicate the importance of action and engage stakeholders.6️⃣ Execute with Precision: Implement plans, monitor progress, and adapt as needed.7️⃣ Evaluate and Learn: Assess outcomes, celebrate successes, and learn from failures.What helped to break a dysfunctional pattern at the time is still relevant today. How do you manage to stay focused? 🎯 #Leadership #Strategy #Management #MustWinBattles 📚"Must-Win Battles" by Peter Killing and Thomas Malnight

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There is rampant uncertainty in the world, in business and likely in your company’s C-suite.In fact, in a study of global CEOs, 39% of them said their company would not be economically viable in 10 years if it continued on the current path.This is not the time to follow the leader. This is your time. To support them. To showcase your potential. To offer solutions and alternate paths to success for your company, your team and yourself.Now is the time to transform all that uncertainty into the next great showcase of your team’s potential for exceptional results. Here’s how:1. Get clear and honest in an assessment of the current state of your company and team.2. Set a compelling vision and direction that aligns your team’s strengths to the key issues your company faces.3. Design 5 top priority projects that resolve the key issues and move your team out of its current state and closer to your vision.Ready to take massive action on your own compelling vision and plan?Then join us for an exclusive briefing on the 90-Day Incomparable Business System. It’s a planning and doing system made for leaders like you. Join and find out more right herehttps://lnkd.in/dj-Kfetg#sigthrive #strategicinitiativesgroup #coach #businesscoach#webinar #leadership #planning #changemanagement #training #management #manufacturing #tech #humanresources #SME #organizationalleadership #businessleadership #success #businessmanagement #businessmanager #manager #teammanagement #teammanager #teamleader #teamleadership #freemanagementtools #managementtools #freeguide #womeninbusiness

Achieving Prosci certification has been great in my career. It looks at change within organizations, and enhancing the success of business initiatives.Prosci’s comprehensive approach ensures that changes are effectively implemented and contribute to the long-term success and sustainability of business strategies.#strategy #business #sustainability

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