Strategy Planning: What Every Leader Should Know https://ift.tt/2Wbv5VA
Whether you lead a team of a couple of people, a department with 25 people, a division with hundreds of employees, or an organization with thousands of individuals you are going to want to acquire some key skills when it comes to strategy. Having a formal understanding of strategy and how to utilize various methodologies will have a direct impact on the success of your team and organization. The following are some of the high-level considerations that should be given to strategy planning within your organization. Strategy: It’s Everyone’s Job A strategy is typically let by the senior leaders within an organization. Larger companies may even have a senior executive with a role focused on Strategic Management. Others may reserve strategy responsibilities to a Senior Leader who has other responsibilities. Regardless, any organization should work to develop a culture of strategic accountability for all leaders. This commitment and focus should originate with the leader of the organization. Annual Planning Cycle: It will not matter how competent you or your team members are at the various methods/models of strategy if you do not have a rigid planning process around your strategy activities that considers:
Strategy Methods and Models: Hundreds of books and resources are available on various methods and models that are utilized in strategic planning. The list that follows is a sample of methods and models that should be considered for utilization by an organization. It is recommended that a broad mix of individuals (departments and levels) be a consultant when utilizing any of these methods or models.
Strategy Skills: A strategy is a learned skill. Companies often overlook the benefit that can be derived by investing in strategy skill development for their key leadership. It is important to invest time in each of the following to build a culture of strategy within your leadership ranks
Improving your Strategy Planning is a multi-year effort that once fully deployed will transform your organization and the results you achieve. https://kamyarshah.com #SMBConsultants
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