Make Your Strategic Plan a Living Process
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Transcript of Make Your Strategic Plan a Living Process
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Make Your Strategic Plan A Living Process
GrowthCLUBSeptember 28, 2012
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What you can expect from today’s meeting…
Blinding Flashes of the Obvious…
What do you do when you get one???
BFO’s…
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Formula for Success
•DREAM•GOAL•PLAN•ACT
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4
“Think Week” -Bill Gates
In Secret Hideaway, Bill Gates Ponders Microsoft's Future, Wall Street Journal, March 28, 2005
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Overview
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Just Do These Things!
• Vision, Mission, and Values (VMV)• Big, Hairy, Audacious Goal (BHAG)• Strengths, Weaknesses, Opportunities,
Threats (SWOT)• 3 Year Targets• 1 Year Goals
• 90 Day Action Plans• Weekly Action Steps• Daily Affirmations
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Vision, Mission, Values• WHY
– Contribute to a cause greater than my own• HOW
– Connecting, Coaching, and Educating• Vision
– “Financial Security and Peace of Mind for All”• Mission
– “To be a well-respected and sought-after Top 100 Coach directly impacting the lives of 10,000 people”
• Values– Ownership, Congruence, Constant Learning, Integrity,
Balance, Fun, Leverage, Gratitude, and Abundance
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SWOTANALYSIS
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You MUST Know the Numbers
• Key Performance Indicators (KPI) are the lifeblood of every business– Based on the wisdom that “you can’t manage what you
can’t measure”
• 5-8 key measures for the company overall– Could have 5-8 more specific ones for each
deparment/function, as well
• Linked to strategic goals
• Track changes over time
• Understandable and inspirational
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We overestimate what we can do in the short term,
and
UNDERESTIMATE what we can do in the long-term!
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Goal-Setting Time Frames
• 3 Year Targets - Where you want to go
• 1 Year Goals - What you want to accomplish
• Quarterly Actions - How you will meet goals
• Weekly Schedule - When actions will occur
• Daily Accountability - Who is going to do what, by when
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Reviewing Your Plan
• Daily 10 -15 minutes • Weekly 1 hour • Monthly ½ day • Quarterly Full day each quarter• Annually 2 days annually• 3 Years Extended retreat
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The shocking truth is that most meetings are poorly run and leave people feeling drained, rather than
energized.
Is that a recipe for success?
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The Importance of Meeting Rhythms
• The purposes of a meeting are to – share information– discuss issues– make decisions– build alignment.
• In our hyper-connected, “always on 24/7” world, it is more important than ever to have a meeting schedule that increases connection, communication, and decision-making.
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Meeting Schedule• Daily Meeting: 8:48 to 9:00 AM every business day
– Daily Accountability (who is going to do what by when)
• Weekly Meeting: 3:00 to 4:00 PM every Friday– There is still a daily meeting at 8:48 am– Good way to wrap up the week
• Monthly Meeting: 1:00 to 5:00 PM on the second Tuesday of the month– There is still a daily meeting at 8:48 am– Close to release of last month’s numbers
• Quarterly Meetings: 8:30 am to 5:00 pm on second Monday of January, April, July and October (first month of the quarter)– Dinner the night before to have informal discussions and build rapport– Close to release of last quarter’snumbers
• Annual Meeting: 2 day off-site
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Questions?
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Jim JubelirerCertified ActionCOACH308 West Rosemary Street, Suite 307Chapel Hill, NC 27516(919) [email protected]/jimjubelirer