Posts Tagged "strategic plan"

Two practical ways to implement your strategic priorities FAST

Posted by on Feb 29, 2012

In all my years as a management consultant, one of the funniest expressions I’ve heard is “it may work in practice, but it will never fly in theory”. Our last two articles on strategic prioritization were more theoretical and conceptual, but this week, let’s get practical. Senior managers may put a lot of effort into selecting the right strategic priorities, but it goes for naught unless they’re converted to action.  This week we’ll describe two simple, practical ways to convert your priorities to understanding throughout the organization, and most importantly, ACTION at the front lines....

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How to prioritize for faster strategy implementation

Posted by on Feb 20, 2012

The hard choices of strategic prioritization So you know you have to finally decide  Say yes to some and let the other ones ride  There’s so many choices, not all can be tried  Yes you know you have to finally decide (With apologies to the “Lovin’ Spoonful”) In last week’s article we discussed the importance of setting a few critical strategic priorities to accelerate implementation, and the reasons why teams often neglect this important step. This week we’ll set out guidelines for prioritization to help your team become very clearly focused on the most critical...

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Why plan in a retreat setting?

Posted by on Feb 6, 2012

Retreats can be highly productive During my career I’ve worked with more than 100 client organizations, public, private, for-profit and not for profit. The most productive planning meetings I’ve facilitated have been multi-day meetings held offsite, usually in locations requiring an overnight stay. The reason for selecting a retreat location is well known to those who have participated. These meetings are nobody’s idea of a vacation. It’s common to work 10 to 12 hours per day, interrupted only by breaks, and without the distraction of people rushing off to deal with “emergencies” or...

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Are CEOs really overpaid and mostly not worth it? Part 2

Posted by on Jan 16, 2012

Last week, in Part 1 of this topic, we introduced the following questions: Are the highest paid CEOs really worth what they’re being paid? And does paying top dollar for a CEO add to the bottom line, where it really matters? The answers, supported by studies cited last week, are that the Fortune and FT 500 firms with the highest paid CEOs experienced negative abnormal returns over the subsequent 5 year period. (See details in Part 1 of this report.) This week we’ll explore more data and review opinions from some of the top researchers in the field of executive pay. We’ll answer 2 key...

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In the absence of strategic thinking, strategic planning will probably maintain the status quo

Posted by on Sep 29, 2011

How to Stimulate Strategic Thinking In last week’s blog we wrote about the importance of advance preparation for strategy sessions. A comment from one of our clients got us thinking more systematically about what kind of advance preparation is most helpful, and we decided to share our thoughts in this week’s article. What is best for advance preparation depends on where the leadership team is in its progress towards becoming a strategy-driven team. Most clients come to us in when they are in one of four categories. Each benefits from a different approach to advance preparation.  This...

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