An engaging, interactive and stimulating session focusing on what a strategic planning process should look like, to achieve successful business outcomes.
Theories on business strategy from learned and eminent practitioners abound, MBAs focus on it, and there are a legion of books, articles and guides on the subject. In spite of this, failure to deliver strategic objectives remains the biggest bugbear of Vistage CEOs. Indeed, it is the one thing keeping many CEOs awake at night, not just Vistage members. At the Chief Strategy Officer Summit in 2014 in London, a survey of directors, VPs and chief strategy officers was conducted. Only 13% of the 132 respondents felt they achieved 80% or more of the expected value of their strategic initiatives. There are many reasons behind this, but one of them is a lack of proper process. A Strategic planning process is key to any business achieving its strategic aims. Many companies (SMEs in particular) tend to rely on gut instinct and ad-hoc approaches when planning, with a brief nod towards market conditions and stakeholder behaviour. This lack of process means a failure to engage a wide range of company staff, leading to disenfranchised individuals who have little desire to see the objectives achieved. The end result is demotivation, inertia and stagnation for all parties. A strong planning process is a crucial aid in bringing even the smallest of teams closer together and inspiring them to achieve breakthrough results. It is engaging, enjoyable, stimulating and involves a wide cross-section of the staff in the business. This interactive session focuses on what a strategic planning process should look like, to achieve successful business outcomes. Members will work together on a series of exercises throughout the workshop, helping to consolidate the learning.
- To learn why a planning process is important and the benefits it brings.
- To study different process tools and their benefits / limitations.
- To outline ways in a Vistage business can implement a planning process.
- What is a strategy, what is a plan and how do the two link together?
- What are the components of a good strategy and a good plan and how do I choose the right ones?
- Why do plans and strategies fail??
- What tools are there to help a Vistage company implement a planning process?
- How to implement a process, key steps and pitfalls; initiating one for your own business.