Join Mike Figliuolo for an in-depth discussion in this video Next steps, part of Strategic Planning Fundamentals.
- Now that I've introduced you…to the strategic planning method…you have some clear next steps.…First, assemble your team and dedicate resources…to the planning effort.…And that's not just the leadership team,…but that's folks from finance, IT, HR,…ones who are going to help you assess…your initiative portfolio.…Next, conduct your planning efforts,…and then assign resources to run this process going forward.…Both running the strategic planning process,…which you need to do annually,…and running the ongoing prioritization process…to evaluate new ideas.…
Set regular strategy reviews,…and check in at least quarterly…to make sure your strategy is on track…and there haven't been any major shifts in the market.…And last, conduct this process every year.…It was OK 10 or 20 years ago…to do strategic planning every three to five years.…The market moves too fast now.…You should be refreshing and validating your strategy…on an annual basis.…Strategic planning is a critical element of success.…
You have limited resources…in a very competitive environment.…
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- Avoiding strategic planning risks
- Assessing the market
- Conducting a SWOT analysis
- Defining your direction, mission, and vision
- Determining core competencies
- Evaluating and prioritizing opportunities
- Assessing your initiatives
- Organizing for success
Skill Level Appropriate for all
1. Before You Begin Planning
2. Defining the Strategic Environment
3. Setting Your Strategic Direction
4. Determining How You'll Compete
5. Evaluating and Prioritizing Opportunities
6. Assessing Your Initiative Portfolio
Using a 2x2 matrix2m 56s
7. Organizing for Success
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