Organizations must be able to respond quickly and decisively to the rapidly changing business environment. A formally defined strategic planning program consists of a collection of planning and execution activities that help an organization appropriately respond to marketplace events and evolving trends.
A strategic planning program provides the framework for execution consistency and minimizes the risk of inappropriate action or inaction. Comprised of planning, execution, and monitoring and control processes; the strategic planning program structures the way data is collected, assessed, and acted upon. Established prior to event occurrence, the program enhances the organization’s overall responsiveness because it ensures the organization is aware of its environment and prepared to respond to changes in a timely manner.
About the Author
Nathan Ives is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
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Shared experience, organizational pride, and/or conflict avoidance can diminish the criticality of data and conclusion assessment; leading to exaggerated optimism and resulting in an organizational pursuit of unrealistic goals. Inflated expectations may drive investment in projects well outside of the organization’s risk tolerance. In today’s aggressive marketplace and under intense shareholder scrutiny, missteps like these can be disastrous for a company and its executive team.
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Nathan Ives is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
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The 7 Habits of Highly Effective People by Steven R. Covey reveals the seven behaviors common among successful individuals. Each behavior is accompanied by a rich discussion of why it works and is illustrated with examples.
Benefits of Using this Reference
StrategyDriven Contributors believe that because an organization’s actions are defined by its people and not the buildings, machines, and tools they use, organizations themselves fundamentally behave like people. We find that organizations exhibiting the same behaviors Dr. Covey describes in his book likewise achieve greater levels of success. Many of the best practice recommendations found on the StrategyDriven website relate to the seven habits; making The 7 Habits of Highly Effective People a StrategyDriven recommended read.
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Market changes wait for no one. In today’s rapidly changing business environment, competitors and suppliers aggressively seek to gain a competitive advantage while government agencies and special interest groups continuously seek to further their agendas. These forces, acting together, demand an organization to be responsive and flexible to maintain its footing within the marketplace.
Ongoing planning and execution enables an organization to appropriately adjust to its changing operational environment. Effective response to marketplace changes is achieved by using a combination of event, routine, and annualized planning and execution activities. Event driven activities, triggered by abrupt marketplace changes, enable the organization to react to significant developments in the business environment. Routine and annualized activities help the organization maintain flexibility in response to slowly evolving trends.
About the Author
Nathan Ives is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
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Business Programs
Strategic Planning Best Practice 5 – Defined Program
/in Strategic Planning/by Nathan IvesOrganizations must be able to respond quickly and decisively to the rapidly changing business environment. A formally defined strategic planning program consists of a collection of planning and execution activities that help an organization appropriately respond to marketplace events and evolving trends.
A strategic planning program provides the framework for execution consistency and minimizes the risk of inappropriate action or inaction. Comprised of planning, execution, and monitoring and control processes; the strategic planning program structures the way data is collected, assessed, and acted upon. Established prior to event occurrence, the program enhances the organization’s overall responsiveness because it ensures the organization is aware of its environment and prepared to respond to changes in a timely manner.
About the Author
Strategic Analysis Best Practice 2 – advocatus diaboli, The Devil’s Advocate
/in Premium, Strategic Analysis/by Nathan IvesHi there! Gain access to this article with a StrategyDriven Insights Library – Total Access subscription or buy access to the article itself.
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About the Author
Recommended Resource – The 7 Habits of Highly Effective People
/in Practices for Professionals, Recommended Resources/by StrategyDrivenby Steven R. Covey
About the Reference
The 7 Habits of Highly Effective People
by Steven R. Covey reveals the seven behaviors common among successful individuals. Each behavior is accompanied by a rich discussion of why it works and is illustrated with examples.
Benefits of Using this Reference
StrategyDriven Contributors believe that because an organization’s actions are defined by its people and not the buildings, machines, and tools they use, organizations themselves fundamentally behave like people. We find that organizations exhibiting the same behaviors Dr. Covey describes in his book likewise achieve greater levels of success. Many of the best practice recommendations found on the StrategyDriven website relate to the seven habits; making The 7 Habits of Highly Effective People
a StrategyDriven recommended read.
Strategic Planning Best Practice 4 – Ongoing Planning and Execution
/in Strategic Planning/by Nathan IvesMarket changes wait for no one. In today’s rapidly changing business environment, competitors and suppliers aggressively seek to gain a competitive advantage while government agencies and special interest groups continuously seek to further their agendas. These forces, acting together, demand an organization to be responsive and flexible to maintain its footing within the marketplace.
Ongoing planning and execution enables an organization to appropriately adjust to its changing operational environment. Effective response to marketplace changes is achieved by using a combination of event, routine, and annualized planning and execution activities. Event driven activities, triggered by abrupt marketplace changes, enable the organization to react to significant developments in the business environment. Routine and annualized activities help the organization maintain flexibility in response to slowly evolving trends.
About the Author
Core Performance Measures
/in Organizational Performance Measures, Premium/by Nathan Ives