This Week in Strategic Business Planning for 05-15-09

May 15, 2009

• Let’s Face It – The Economy Sucks (Hospitality Trends) Far from just being a b*tch session about how the economy is tanking, this article reinforces the need for strategic planning during an economic crisis.
• Some Do’s and Dont’s of the process (The Vamburg Group) This is a good collection of short tips for your strategic planning process. All very practical and common-sense- check it out right before your next strategic planning session.
• Rewards Metrics: Engagement versus the Bottom Line (Compensation Force) If you’re heavy on financial (lagging) metrics in your scorecard, this is a wakeup- metrics that track employee engagement activities will give you the leading insight you’re in need of.
• Yeah Man, That’s The Good Stuff: Defining the Slippery Nature of Employee Engagement (Foster Excellence) This article brings up a great point- one reason why employee engagement has a hard time catching on is that we’re all not really sure what it means. There’s a few definitions offered as well as some good food for thought.
• Four Fatal Flaws of Strategic Planning (Harvard Business Publishing) This didn’t get published this week, but it’s really worth a look. Broken into four parts, the article says the four flaws that’ll lead to strategic planning fatality are skipping rigorous analysis, believing strategy can be built in a day, failing to link strategic planning to strategic execution and dodging strategy review meetings.

You may also be interested in:

• This Week in Strategic Business Planning
• Recession Planning Advice from Business Week: Learn from the Cold War
• Strategic Business Planning Tips from Nike

Topics in this post: Creating a Strategic Plan, Strategic Business Planning |