Make sense of Business-Speak
Oh, sweet sixteen. While the NCAA tourney might cost employers $1.75 million in unproductive wages as fans try to watch games at work during the first two days of action, the tourney also leads up to another milestone—the quarterly review. If you have a strategic plan in place, this is an important month to [...]
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For strategic execution to happen, you have to engage with your employees. Yet for strategic plans to be a success, you have to take this to the next level by making sure you are cultivating loyal employees. This is a foundational principle of the balanced scorecard. To get thinking about this topic more, here’s a [...]
Watch a recorded video of the latest Strategy Huddle (July 27th, 2011) and then signup to attend the next huddle! The purpose of the huddle is to answer real world questions, handle high-level strategy issues, and share best practices on strategy, execution and planning. The topics of focus were:
Strategy Stat: Downturns are roller coasters for [...]
5 Best Practices for Creating a Hospital Strategic Plan in Uncertain Times I came across this article the other day on Becker Hospital Review and thought it would be a great one to share for those in the medical field who are in the strategic planning process. James R. Trimarchi, director of strategic planning at Southwestern [...]
Customer loyalty data, while it may prove statistically strong, usually strikes a nerve with companies because it reveals some inconvenient truths that comes straight from customer’s mouths.
This is part 3 of a 3 part series from our MyStrategicPlan Strategy Huddle held on May 25, 2011. Elsa Ozuna-Richards, Account Executive, is our speaker for this segment of the Strategy Huddle. Elsa brings her expertise in strategy and health care to present examples of how to use Continuous Quality Improvement with strategic planning [...]
This is part 2 of a 3 part series from our MyStrategicPlan Strategy Huddle held on May 25, 2011. Erica Olsen, COO and Co-Founder of M3 Planning, is our expert speaker for this topic. She explains why/how organizations want keep their teams engaged in the strategic management process. You need to install or upgrade Flash Player [...]
This is part 1 of a 3 part series from our MyStrategicPlan Strategy Huddle held on May 25, 2011. Tommy Smith is our guest speaker for this segment of the Strategy Huddle. He presents his method for developing a strong team by using FOCUS in creating your mission, vision, and values statements. You need to [...]
Every organization has its own needs and reasons for wanting to develop a strategic plan. Perhaps you see it as a way to articulate a set of mile-markers three years down the road. Maybe your organization needs a strategy to drive organizational change and accountability. Understanding the spheres served by strategic planning [...]
Whether you are at the helm of a strategic plan or simply managing a portion of it, save yourself time by asking a key question. Who on your key leadership team is onboard with your efforts and who is not? Until you have your power structure in agreement on the importance and relevance of your [...]
There’s been much chatter about the ability of Strategic Plans to adapt to a rapidly changing environment. Setting up solid execution review sessions with a consistent reporting structure is the very best thing you can do to keep your plan adaptive. Keeping these sessions on target is paramount. So much so, that it should be [...]
This is part of our ongoing Strategy Huddle series from March 2010. Daryl VanderWilt, Program Director for Strengthen Rural Iowa, visits us to share his experience in using the MyStrategicPlan software with small non-profit organizations. MyStrategicPlan allows for the groups that he works with to effectively report out on their progress, while being accountable towards [...]
This is a part of our ongoing Strategy Huddle series from March 2010, Balanced Scorecard. What is the Balanced Scorecard and why do we use it? What are some examples of organizations putting the Balanced Scorecard to work for them? You need to install or upgrade Flash Player to view this video, install or upgrade here: [...]
This is part of our Strategy Huddle Series from March 2010, Competitive Advantages. What is a competitive advantage? How do you determine your competitive advantages in today’s environment? You need to install or upgrade Flash Player to view this video, install or upgrade here:
Coordinate Successful Cross-departmental Strategy Execution The facilitations are over, the goals created and the reporting schedule established. Even with all these elements in place, you would be wise to further specify what it will take for successful cross-functional execution. Creating this alignment is a key necessity for executing a strategic plan between business units that have [...]
Use your vision statement to inspire daily decisions Building an effective strategic plan is much easier when the vision and mission of an organization is clearly understood. When talking about both, the conversation can quickly become quite passionate, and it should. Both tap into an organization’s reason for being, and beyond what these statements mean for [...]
Watch a recorded video of the latest Strategy Huddle and then signup to attend the next huddle! The purpose of the huddle is to answer real world questions, handle high-level strategy issues, and share best practices on strategy, execution and planning. The topics of focus were:
Strategy Stat: Sustaining Growth Question: The Customer Connection – How do [...]
This is part of our ongoing Strategy Huddle series from February 2010. In February 2010, the Wall Street Journal published an article on, “Strategic Plans Lose Favor: Slump Showed Bosses Value of Flexibility, Quick Decisions.” We want to present the reasons why M3 Planning believes that strategic plans can be even more beneficial for flexibility [...]
Watch a recorded video of the latest Strategy Huddle and then signup to attend the next huddle! The purpose of the huddle is to answer real world questions, handle high-level strategy issues, and share best practices on strategy, execution and planning. The topics of focus were:
Strategy Stat: Motivating People Beyond Money Question: What is strategy? - [...]
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