Category Archives: Strategic Planning Issues for Strategic Initiatives

Useful strategic initiative execution information, that will help strategy formulators think through the implementaion of vision and strategic intent.

The “20%-of-Your-Time” Rule-of-Thumb

Gaining the commitment of the right resources is arguably the greatest success factor for strategic initiatives. I inevitably hear people on the strategic initiative team verbalize this pattern: “This performance gap is huge and needs to be addressed. I am happy to be part of the solution. But where am I going to find time to participate?” When resourcing of a strategic initiative, follow this rule, “Each key player in the strategic initiative must devote at least 20% of their time to the initiative.” The article also includes a list of five challenges for resourcing a strategic initiative: Ambiguity about purpose, Novelty, Run-the-business work consumes time, Corporate-level budgeting & talent management processes don’t plan with enough granularity, Burn-out and balance of personal life with work life. Continue reading

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Posted in Strategic Planning Issues for Strategic Initiatives, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , | 4 Comments

That’s the Fact, Jack: Data Drive Strategic Initiatives

A strategic initiative is more likely to be successful if there is an accessible record of facts, data, and patterns. Domino’s Pizza and Google are discussed as two good examples where data support a valid, useful diagnosis and narrative for the strategic initiative. By contrast, a failed initiative at Cooper Tire failed to convince middle managers. Because stakeholders often don’t agree on strategic direction, the leader can use tools like the ladder of inference and White Hat thinking to get facts and connect them to strategy. Continue reading

Posted in Competencies of Strategic Initiative Leaders, Strategic Planning Issues for Strategic Initiatives, Strategy Coaching and Facilitation, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , | 4 Comments

A Simple Idea that Every Good Strategist Knows

Strategy is a series of conversations about important business issues culminating in the commitment to act. The trick to implementation success is to use conversations as a tool for gaining agreement on problems and solutions and to make commitments to each other. Strategy implementation depends upon its socialization by stakeholders. A good strategy is the right actions on the right things. Continue reading

Posted in Competencies of Strategic Initiative Leaders, Strategic Planning Issues for Strategic Initiatives, Useful Practices & Management Tools | Tagged , | 12 Comments

Ask Informed Questions

Informed questions are grounded in existing relevant knowledge, and help to expand strategic knowledge. The article explains preparation (including useful questions for reflection) and the discovery phase of a strategic initiative. Greg Githens briefly explains two examples: the “One Company” strategic initiative and a company that is facing growth pains. Continue reading

Posted in Examples of Strategic Initiatives, Strategic Planning Issues for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , | 1 Comment

How to Identify Strategic Assumptions

Strategic assumptions are an important tool for establishing and controlling a strategic initiative. The assumptions fall into four categories: marketing, organizational, technological, and resources. An examples of a team that failed to examine strategic assumptions is discussed. Continue reading

Posted in Strategic Planning Issues for Strategic Initiatives, Strategy Coaching and Facilitation, Useful Practices & Management Tools | Tagged , , , , , , | 4 Comments

Five Rules for Managing Complex Strategic Initiatives

Complex strategic initiatives operate in un-ordered environments. Greg offers 5 rules: manage initial (starting) conditions, broaden the involvement of stake holders, dissent strengthens the strategy, increase learning with rapid experimentation, and monitor for emergence. Continue reading

Posted in Ambiguity and Strong-Minded Thinking, Strategic Planning Issues for Strategic Initiatives, Strategy, Success Principles for Strategic Initiatives | Tagged , , , , , , | 9 Comments

Advice for Strategic Initiative Charters

Strategic initiative charters are different than typical project and program charters that are expecting a pre-determined result. Greg Githens explains the functions of strategic initiative charter. He provides practical advise such as the “two page” rule and outlines 12 elements that should be found in a strategic initiative charter. Continue reading

Posted in Interpreting Strategy Documents, Strategic Planning Issues for Strategic Initiatives | Tagged , , , , , , , , , | 12 Comments