From the course: Assessing and Improving Strategic Plans
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Not prioritizing and focusing
From the course: Assessing and Improving Strategic Plans
Not prioritizing and focusing
- Getting distracted by new projects and ideas can doom your strategy from the start. A lack of focus or a failure to prioritize your efforts leads to working on non-strategic projects at the expense of initiatives that really drive your strategy. Manage your prioritization process rigorously. Say no to distractions. For details on a good prioritization process, check out my movies on that subject in my Strategic Planning course. I worked with one client that was trying to grow internationally. That was their main strategic focus. Growth mattered and the international market was a fertile ground for them to grow into. The problem was they weren't focused. They were spending a lot of time on initiatives related to their domestic supply chain. They were focused on facility remodeling in the United States and they were focused on some small marketing initiatives, again, only in the US. There was very little focus on international and what they were doing there was diluted by all these…
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