This document provides tips for implementing a strategic plan successfully. It discusses common reasons why strategic plans fail, such as daily crises taking priority over long-term goals (tactics trump strategy), and lack of leadership or buy-in. It recommends assigning plan champions, tracking progress, providing short-term rewards, and insisting on follow through to increase the odds that a strategic plan is fully implemented.
How to Increase Your Odds for Implementing Your Strategic Plan
1. How to Increase Your
Odds for Implementing g
Your Strategic Plan
2. 60 Minute Strategic Plan
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Simple
Flexible
Can be
C b applied t any i
li d to issue llarge or small
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It’s a proven process that’s been used with
much success by over 10,000 businesses
since 1997
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4. Implementation Reality
p y
DOA
Most strategic plans never gets
implemented
Fortune magazine – 70% of CEOs fail
because th i strategy was executed
b their t t t d
poorly or not at all
5. #1: Operational Necessities
p
Tactics trump strategy
Daily crises/unplanned events
Strategy d l with th f t
St t deals ith the future
Plans must be woven into the fabric of
your operations
6. #2 Leadership
p
Every strategic plan must have a leader
devoted to seeing the plan implemented
Don’t expect “because it has been planned
Don t because
it shall be done”
It is up to you to the author and leader of
i t t th th dl d f
the plan to see the vision achieved
Leadership/Strategic Plan = Inseparable
7. #3 Lack of Buy-in
y
Implementers must be involved in the
planning process
Input gathered through surveys and sub
sub-
committees
IInvolvement = Understanding = B i
l t U d t di Buy-in
Buy-in = Commitment, ownership, and
accountability
8. #4: Lack of
Ownership/Accountability
Assign champions or owners
P f bl the champion i not th l d
Preferably th h i is t the leader
of the leader of the entire project
The leader’s job is to oversee the
implementation process and ensure the
vision is achieved
9. #5: Little or No Follow Up
p
Keeps the profile high on a strategic
project
Every month hold a strategic plan
month,
implementation meeting to review each
initiative s
initiative’s status
Never give up on due dates
10. #6: Lack of Communication
Communicate the plan initially and during
its execution to keep it visible
Methods:
• Face-to-face meetings
• A video of th CEO and senior executives
id f the d i ti
discussing the plan
• A Facebook page devoted t the plan and it
F b k d t d to th l d its
progress
• A blog that discusses plan progress
11. #7: No Tracking or
g
Monitoring
Establish how often you’ll review both
before implementation begins
p g
Set up dates in everyone’s calendars
Track key plan indicators and due dates
12. #8: No Short-term Rewards
Marries the short term and the long term
Keep the project fresh and employees
stimulated
Rewards don’t have to be costly
• Certificates
• Dinner for two
• Tickets to a sports event
13. Wrapping It Up
pp g p
Always insist and persist that strategic
activities are completed
“Never give in never give in never give
Never in, in,
in”
B t of luck with your plans
Best f l k ith l