Your strategic planning session could be the most significant event of the year for your organization - let’s make sure it’s done right.
Meet Nick Davis, our newest guest on the Strategy & Leadership Podcast! Nick is:
- the Managing Partner at Reaching the Future Faster
- the author of Future Ready
- the Faculty Chair of Innovation at Singularity University
- the Chief Platform Officer for the largest food bank in Ohio, the Mid-Ohio Food Collective
- Venture Partner at Bold Capital
Successful projects and programs should be governed by a clear strategy, which should be designed to deliver business benefits. However, it is surprisingly easy for the work carried out as part of these programs or projects to drift off of the intended course or to become misaligned from the wider strategic objectives.
From program management, through to team building training, there are a number of steps that can be taken to improve this alignment. Below are four outlined steps that explain how they can contribute towards a situation where project work and business strategy are pulling in the same direction:
Time and time again, organizations book strategy days, plan retreats and spend money on strategic planning sessions that don’t produce any lasting results. The session may go well and produce a sensible and comprehensible plan for everyone to follow, but progress hardly takes form. The plan barely gets off the ground before it’s pulled back down to business as usual.
Those who lead at a high level understand the important function of ‘the triple bottom line’ which regards three key areas: people, services and profit. This helps to focus attention and energy on a competitive vision for the future and concurrently enables effective management in the long run. Let’s learn something about the ways to create a committed workforce and a prosperous business through a strong vision and your organization’s collective culture.
Fostering alignment and generating buy-in is an important part of the strategic planning process that should be started early on. Although organizational and departmental leaders may be the ones in the strategic planning meeting, employees can and should be consulted prior to and after the session. Questionnaires, interviews, and face-to-face conversation are great ways to generate employee participation throughout the process.
Your organizational values consist of all of the behaviours that exist within your business - not just the positive values you want to have, but also negative or neutral behaviours that are being acted out.
Values and behaviours are closely tied to your company culture and can have an impact on those within as well as outside of your organization. Evaluating and understanding the current values and behaviours that are active within your organization can help you pinpoint which ones you would like to continue to reinforce and reward, and which ones you hope to change or add to your organization (i.e. what types of behaviours do we hope to see in the future?)