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	<title>MyStrategicPlan &#124; Strategy Development &#38; Execution Software &#187; Strategic Planning Process</title>
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	<description>Keep long-term focus synced up with daily decisions with MyStrategicPlan, the leading strategic planning tool for strategy development and executing strategy.</description>
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		<title>Strategy Buzz: &#8220;Moving From Strategic Planning to Story Telling&#8221;</title>
		<link>http://mystrategicplan.com/resources/strategy-buzz-moving-from-strategic-planning-to-story-telling/</link>
		<comments>http://mystrategicplan.com/resources/strategy-buzz-moving-from-strategic-planning-to-story-telling/#comments</comments>
		<pubDate>Tue, 01 Jun 2010 21:57:54 +0000</pubDate>
		<dc:creator>shannon</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>
		<category><![CDATA[strategy execution]]></category>

		<guid isPermaLink="false">http://mystrategicplan.com/?p=4044</guid>
		<description><![CDATA[This week on Twitter all the talk is about the Harvard Business Review article entitled, Moving From Strategic Planning to Story Telling.  This is a great article that anyone involved in the strategic planning process should read.  The author, Roger Martin, puts a &#8220;fun&#8221; spin to looking at strategic options and the whole process of [...]


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<li><a href='http://mystrategicplan.com/resources/strategy-buzz-e-learning-strategic-planning/' rel='bookmark' title='Permanent Link: Strategy Buzz: E-Learning &#038; Strategic Planning'>Strategy Buzz: E-Learning &#038; Strategic Planning</a> <small>How useful is strategic planning for e-learning? This has been...</small></li>
<li><a href='http://mystrategicplan.com/resources/this-week-in-strategic-business-planning-for-05-15-09/' rel='bookmark' title='Permanent Link: This Week in Strategic Business Planning for 05-15-09'>This Week in Strategic Business Planning for 05-15-09</a> <small> Let&#8217;s Face It &#8211; The Economy Sucks (Hospitality Trends)...</small></li>
</ul>]]></description>
			<content:encoded><![CDATA[<p>This week on Twitter all the talk is about the Harvard Business Review article entitled, <em><a href="http://s.hbr.org/96olaI" target="_blank">Moving From Strategic Planning to Story Telling</a></em>.  This is a great article that anyone involved in the strategic planning process should read.  The author, Roger Martin, puts a &#8220;fun&#8221; spin to looking at strategic options and the whole process of planning.</p>
<p>Give this article a read and let us know what you think.</p>


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<li><a href='http://mystrategicplan.com/resources/strategy-buzz-e-learning-strategic-planning/' rel='bookmark' title='Permanent Link: Strategy Buzz: E-Learning &#038; Strategic Planning'>Strategy Buzz: E-Learning &#038; Strategic Planning</a> <small>How useful is strategic planning for e-learning? This has been...</small></li>
<li><a href='http://mystrategicplan.com/resources/this-week-in-strategic-business-planning-for-05-15-09/' rel='bookmark' title='Permanent Link: This Week in Strategic Business Planning for 05-15-09'>This Week in Strategic Business Planning for 05-15-09</a> <small> Let&#8217;s Face It &#8211; The Economy Sucks (Hospitality Trends)...</small></li>
</ul></p>]]></content:encoded>
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		</item>
		<item>
		<title>How Will Your Strategy Deliver?</title>
		<link>http://mystrategicplan.com/resources/how-will-your-strategy-deliver/</link>
		<comments>http://mystrategicplan.com/resources/how-will-your-strategy-deliver/#comments</comments>
		<pubDate>Wed, 12 May 2010 14:58:51 +0000</pubDate>
		<dc:creator>Kristin Larsen</dc:creator>
				<category><![CDATA[Newsletters]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[business goal setting]]></category>
		<category><![CDATA[business strategy execution]]></category>
		<category><![CDATA[Creating a Strategic Plan]]></category>
		<category><![CDATA[developing a strategic plan]]></category>
		<category><![CDATA[executing strategy]]></category>
		<category><![CDATA[Performance Management]]></category>
		<category><![CDATA[Strategic Implementation]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>
		<category><![CDATA[strategy execution]]></category>

		<guid isPermaLink="false">http://mystrategicplan.com/?p=3926</guid>
		<description><![CDATA[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 [...]


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<li><a href='http://mystrategicplan.com/resources/leadership-must-unite-for-strategic-success/' rel='bookmark' title='Permanent Link: Leadership Must Unite for Strategic Success'>Leadership Must Unite for Strategic Success</a> <small>Whether you are at the helm of a strategic plan...</small></li>
</ul>]]></description>
			<content:encoded><![CDATA[<p>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 is an orientation that all leaders need to grasp in order to fulfill expectations on strategic deliverables.  Otherwise a vital link between planning and integration could find friction and, in the worst case, send plans back to the drawing board. </p>
<p><div id="attachment_3927" class="wp-caption alignright" style="width: 310px"><img style="margin: 10px 0 10px 10px;" src="http://mystrategicplan.com/wp-content/uploads/2010/05/NewsletterQuote5-11-10.jpg" alt="I would not waste my life in friction when it could be turned into momentum. - Frances Willard" title="NewsletterQuote5-11-10" width="300" height="199" class="size-full wp-image-3927" /><p class="wp-caption-text">I would not waste my life in friction when it could be turned into momentum. - Frances Willard</p></div> To avoid any pitfalls, it is important to clarify your senior team members&#8217; perceptions of strategic planning.  Are they anticipating that the overall strategic direction will result in a change in organizational culture or structure?  Do they need a process for resource alignment or better coordination of actions?  One way to assess this kind of detail is through an internal analysis that can also be used in the development of your strengths, weaknesses, opportunities, and  threats (SWOT) report.</p>
<p>To this order, educating your team about the strategic planning process itself can create an understanding of how the process culminates into a final plan (i.e. how a SWOT is used for determining potential areas of priority, which are then developed into strategic themes).   A simple flow chart may be all that is needed to make sure everyone knows the general development route your strategic plan will take.</p>
<p>In the development and execution of the plan, there will be dialogue. To optimize these exchanges and keep them constructive, the entire team needs to recognize the balance needed between informing, recommending and deciding in order to have a true collective outcome.  In the delivery of this dialogue, we can’t stress enough the importance of language symmetry. For example, are your organization milestones considered “objectives” or “goals”?  Do these terms change at different stratums, for say a department or an individual?  There is no right or wrong answer; the point is that whatever resonates best with your organization should be identified and incorporated.  Language must name the key features of your strategy landscape with rigorous consistency so that any adaptations toward a common direction can be achieved without confusion. 
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After you are finished ironing out any contentions of what a strategic plan is or is not, just remember it is your job as a driver of strategy to continually develop those common nodes of understanding (process, roles, communication) as they relate to the strategic execution cycle that your organization should have in place. Commit to a shared language standard, and find ways to incorporate repetition into the sharing of ideas and concepts. Make it ritualistic throughout your strategic development and execution cycles. Remember, it takes courage and discipline to practice an art that is never fully mastered.</p>
<p>STRATEGY CHECK:  Does everyone in your strategy voyage understand the flight plan? </p>


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</ul></p>]]></content:encoded>
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		<title>Strategic Planning Retreats</title>
		<link>http://mystrategicplan.com/resources/strategic-planning-retreats/</link>
		<comments>http://mystrategicplan.com/resources/strategic-planning-retreats/#comments</comments>
		<pubDate>Tue, 22 Dec 2009 04:43:42 +0000</pubDate>
		<dc:creator>Ed Adkins</dc:creator>
				<category><![CDATA[Videos]]></category>
		<category><![CDATA[How to]]></category>
		<category><![CDATA[Offsites]]></category>
		<category><![CDATA[Retreats]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>

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		<description><![CDATA[


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		<item>
		<title>How to Develop Action Plans</title>
		<link>http://mystrategicplan.com/resources/how-to-develop-action-plans/</link>
		<comments>http://mystrategicplan.com/resources/how-to-develop-action-plans/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 23:36:45 +0000</pubDate>
		<dc:creator>Ed Adkins</dc:creator>
				<category><![CDATA[Videos]]></category>
		<category><![CDATA[Action Plans]]></category>
		<category><![CDATA[SMART goals]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>

		<guid isPermaLink="false">http://mystrategicplan.com/?p=2968</guid>
		<description><![CDATA[


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</ul>]]></description>
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		<item>
		<title>Strategic Planning with the Balanced Scorecard</title>
		<link>http://mystrategicplan.com/resources/strategic-planning-with-the-balanced-scorecard/</link>
		<comments>http://mystrategicplan.com/resources/strategic-planning-with-the-balanced-scorecard/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 23:29:58 +0000</pubDate>
		<dc:creator>Ed Adkins</dc:creator>
				<category><![CDATA[Videos]]></category>
		<category><![CDATA[Balanced Scorecard]]></category>
		<category><![CDATA[Reporting]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>
		<category><![CDATA[Strategy Maps]]></category>

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		<description><![CDATA[


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		</item>
		<item>
		<title>The Commont Pitfalls of Strategic Planning and How to Avoid Them</title>
		<link>http://mystrategicplan.com/resources/the-commont-pitfalls-of-strategic-planning-and-how-to-avoid-them/</link>
		<comments>http://mystrategicplan.com/resources/the-commont-pitfalls-of-strategic-planning-and-how-to-avoid-them/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 23:14:40 +0000</pubDate>
		<dc:creator>Ed Adkins</dc:creator>
				<category><![CDATA[Videos]]></category>
		<category><![CDATA[Strategic Planning]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>
		<category><![CDATA[Strategic Planning Software]]></category>

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</ul>]]></description>
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		<title>How to Develop Key Performance Indicators (KPIs)</title>
		<link>http://mystrategicplan.com/resources/how-to-develop-key-performance-indicators-kpis/</link>
		<comments>http://mystrategicplan.com/resources/how-to-develop-key-performance-indicators-kpis/#comments</comments>
		<pubDate>Fri, 18 Dec 2009 23:02:59 +0000</pubDate>
		<dc:creator>Ed Adkins</dc:creator>
				<category><![CDATA[Videos]]></category>
		<category><![CDATA[Key Performance Indicators]]></category>
		<category><![CDATA[KPI]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>
		<category><![CDATA[Strategic Planning Training]]></category>

		<guid isPermaLink="false">http://mystrategicplan.com/?p=2960</guid>
		<description><![CDATA[


You may also be interested in:How to Develop Action Plans  ...
How to Develop Competitive Advantage  ...
Develop Your Strategy Understand how to bring institutional focus and vision into your...



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<li><a href='http://mystrategicplan.com/resources/how-to-develop-competitive-advantage/' rel='bookmark' title='Permanent Link: How to Develop Competitive Advantage'>How to Develop Competitive Advantage</a> <small> ...</small></li>
<li><a href='http://mystrategicplan.com/resources/develop-your-strategy/' rel='bookmark' title='Permanent Link: Develop Your Strategy'>Develop Your Strategy</a> <small>Understand how to bring institutional focus and vision into your...</small></li>
</ul>]]></description>
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<li><a href='http://mystrategicplan.com/resources/how-to-develop-competitive-advantage/' rel='bookmark' title='Permanent Link: How to Develop Competitive Advantage'>How to Develop Competitive Advantage</a> <small> ...</small></li>
<li><a href='http://mystrategicplan.com/resources/develop-your-strategy/' rel='bookmark' title='Permanent Link: Develop Your Strategy'>Develop Your Strategy</a> <small>Understand how to bring institutional focus and vision into your...</small></li>
</ul></p>]]></content:encoded>
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		<title>Agile Strategy: What to Focus on</title>
		<link>http://mystrategicplan.com/resources/agile-strategy-what-to-focus-on/</link>
		<comments>http://mystrategicplan.com/resources/agile-strategy-what-to-focus-on/#comments</comments>
		<pubDate>Sun, 25 Oct 2009 23:36:34 +0000</pubDate>
		<dc:creator>Ed Adkins</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Agile Planning]]></category>
		<category><![CDATA[Agility]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>

		<guid isPermaLink="false">http://mystrategicplan.com/?p=2421</guid>
		<description><![CDATA[These days, things change fast. With a global economic crisis raging, the world has become less stable, less predictable than it once was. New opportunities and threats raise their heads daily, and companies who can identify them and respond the quickest are reaping the benefits.
Because of this, we&#8217;re seeing the word &#8220;agile&#8221; used more and [...]


You may also be interested in:<ul><li><a href='http://mystrategicplan.com/resources/if-your-strategic-plan-is-not-agile-dont-bother/' rel='bookmark' title='Permanent Link: If your strategic plan is not agile &#8211; don&#8217;t bother'>If your strategic plan is not agile &#8211; don&#8217;t bother</a> <small>The Wall Street Journal published an article last week titled...</small></li>
<li><a href='http://mystrategicplan.com/resources/lessons-from-the-successes-of-steve-jobs-focus-focus-focus/' rel='bookmark' title='Permanent Link: Lessons from the Successes of Steve Jobs: Focus, Focus Focus'>Lessons from the Successes of Steve Jobs: Focus, Focus Focus</a> <small>Does the pressure of business get to you? Do you...</small></li>
<li><a href='http://mystrategicplan.com/resources/environmental-scan/' rel='bookmark' title='Permanent Link: Environmental Scan'>Environmental Scan</a> <small>Definition: A method of collecting data on elements that are...</small></li>
</ul>]]></description>
			<content:encoded><![CDATA[<p>These days, things change fast. With a global economic crisis raging, the world has become less stable, less predictable than it once was. New opportunities and threats raise their heads daily, and companies who can identify them and respond the quickest are reaping the benefits.</p>
<p>Because of this, we&#8217;re seeing the word &#8220;agile&#8221; used more and more. Agile development, agile programming, agile strategy: everyone wants to be nimble- be quick. So, what should your organization focus on if you want to have an agile strategy?</p>
<h2>Connect with your market</h2>
<ul>
<li>Don&#8217;t let your data sit around expired</li>
<li>Don&#8217;t delay when you encounter a roadblock</li>
</ul>
<p>The first thing you need in order to be agile is great, current data. How old is your most recent environmental analysis? When&#8217;s the last time you conducted a SWOT analysis? Agile organizations are great at scanning their surroundings on a regular basis. It&#8217;s no good to you to know what your industry did last quarter if you still don&#8217;t have a plan to use that information.</p>
<p>In addition, don&#8217;t get tripped up on making sure your data is perfect. Many a strategic plan has been made powerless through data paralysis. Search out what you can and go with it.</p>
<h2>Make quick decisions</h2>
<ul>
<li>Use trusted methods</li>
<li>Don&#8217;t just go for consensus</li>
</ul>
<p>Do you know how to make decisions fast? If you&#8217;ve got a list of 10 opportunities but only have the resources to pursue three, then you need to know how best to trim your list. Emotions, politics or alphabetical order won&#8217;t help here. For information on making decisions, see our post, <a rel="bookmark" href="http://mystrategicplan.com/resources/how-to-evaluate-your-opportunities-strategically-3/">How to Evaluate Your Opportunities Strategically.</a></p>
<p>Also, remember that sometimes consensus works against you. If you&#8217;re trying to make sure everyone is on board 100% of the time, you&#8217;re most likely going to slow down your organization and make a lot of bad decisions. Good strategy doesn&#8217;t have to make everyone happy- it&#8217;s got to lead your organization towards success.</p>
<h2>Drive your strategy through your organization</h2>
<ul>
<li>Leadership Unity</li>
<li>Communication</li>
</ul>
<p>In order to make sure your organization moves quickly to implement your strategic decisions, it&#8217;s imperative that your leadership supports both your plan and each other. One of the most common reasons that strategic initiatives miss their mark is lack of support or understanding from leaders- it&#8217;s not that everyone must agree on everything- but you need to make sure you&#8217;re all on the same page.</p>
<p>Clearly communicating your strategy is also key. Don&#8217;t pull in the communication consultants only after the strategy has fallen flat- find out beforehand how best to talk to your people about your strategic direction.</p>
<h2>Remain Fluid with your Resources</h2>
<ul>
<li>Ensure that your resources can be reallocated</li>
<li>Make sure everything isn&#8217;t tied up</li>
</ul>
<p>All this talk about great data, quick decisions and whatnot won&#8217;t help you at all if the resources needed to implement your strategy are all locked up. If you&#8217;ve invested all you have in your current direction, you won&#8217;t be able to change it when new data leads to decisions to jump on an opportunity.</p>


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</ul></p>]]></content:encoded>
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		<title>Advice for Strategic Planners making their way through the current economic crisis</title>
		<link>http://mystrategicplan.com/resources/advice-for-strategic-planners-making-their-way-through-the-current-economic-crisis/</link>
		<comments>http://mystrategicplan.com/resources/advice-for-strategic-planners-making-their-way-through-the-current-economic-crisis/#comments</comments>
		<pubDate>Thu, 09 Apr 2009 23:30:59 +0000</pubDate>
		<dc:creator>Ed Adkins</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Recession Planning Toolkit]]></category>
		<category><![CDATA[Strategic Planning Process]]></category>
		<category><![CDATA[Strategic Planning Training]]></category>

		<guid isPermaLink="false">http://mystrategicplan.com/resources/?p=1432</guid>
		<description><![CDATA[Scanning for Strategic Planning articles on the web, I came across a recent article from mckinseyquarterly.com, titled Strategic planning: Three tips for 2009. The article is written mainly to strategists, so our consultants reading this blog should definitely check it out, but the information in it is relevant to anyone in business. The basic gist [...]


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<li><a href='http://mystrategicplan.com/resources/recession-advice-you-dont-want-to-miss-from-a-stripper/' rel='bookmark' title='Permanent Link: Recession Advice You Don&#8217;t Want to Miss&#8230; From a Stripper!'>Recession Advice You Don&#8217;t Want to Miss&#8230; From a Stripper!</a> <small>Sick of all the “recession-proof” talk being spouted by white-haired...</small></li>
<li><a href='http://mystrategicplan.com/resources/62/' rel='bookmark' title='Permanent Link: Excellent Article for Examining your Current Strategy'>Excellent Article for Examining your Current Strategy</a> <small>Having a strategy isn&#8217;t enough. Many of us know all...</small></li>
</ul>]]></description>
			<content:encoded><![CDATA[<p>Scanning for Strategic Planning articles on the web, I came across a recent article from mckinseyquarterly.com, titled <a href="http://www.mckinseyquarterly.com/Strategic_planning_Three_tips_for_2009_2340#foot1">Strategic planning: Three tips for 2009</a>. The article is written mainly to strategists, so our consultants reading this blog should definitely check it out, but the information in it is relevant to anyone in business. The basic gist of it is that times are changing rapidly, mostly due to the current financial crisis- and all this uncertainty makes  the strategic planning process tougher. The 3 main sections of the post are as follows:</p>
<ul>
<li>Be realistic about scenario planning</li>
<li>Intensify monitoring</li>
<li>Look beyond the crisis</li>
</ul>
<p>What I appreciate about it is that the authors included specific examples and a lot of practical advice. Now, more than ever, strategic planning is essential to any business, and those who are called to strategize and monitor their organization&#8217;s strategy are going to need to respond to the changes the business world is going through. What worked in 2008 may not work in 2009, but that doesn&#8217;t mean that you can do nothing- your plan must lead to action.</p>
<p>Another fantastic piece was the section on looking beyond the crisis. I was actually somewhat surprised at first to see that McDonald&#8217;s was an example of a company who&#8217;s taking innovative steps to respond to the current crisis, but after reading the article&#8217;s synopsis I plan to dig even further- there are some great concepts to take to heart:</p>
<blockquote><p>One company that’s staying the course is McDonald’s, which has profited in the downturn from its low-cost menu items and is enjoying its most robust same-store sales growth in years. Meanwhile, senior management has remained focused on longer-term strategies involving expensive store renovations, operational overhauls, high-end coffee products, and healthful menu options. Managers elsewhere can learn valuable lessons from the company’s efforts to benefit from the current circumstances while sticking to longer-term strategies and the underlying trends (such as healthier lifestyles) that they reflect.</p></blockquote>
<p>If you have time, read the entire article. 2009 has been an eye-opener for anyone, especially for those in the planning business. The tools necessicary for survival, though, aren&#8217;t very different but they do require strength, agility and persistance- all qualities that will help managers during any season.</p>


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<li><a href='http://mystrategicplan.com/resources/recession-advice-you-dont-want-to-miss-from-a-stripper/' rel='bookmark' title='Permanent Link: Recession Advice You Don&#8217;t Want to Miss&#8230; From a Stripper!'>Recession Advice You Don&#8217;t Want to Miss&#8230; From a Stripper!</a> <small>Sick of all the “recession-proof” talk being spouted by white-haired...</small></li>
<li><a href='http://mystrategicplan.com/resources/62/' rel='bookmark' title='Permanent Link: Excellent Article for Examining your Current Strategy'>Excellent Article for Examining your Current Strategy</a> <small>Having a strategy isn&#8217;t enough. Many of us know all...</small></li>
</ul></p>]]></content:encoded>
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