Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Operationalizing Your Strategic Plan
1. OPERATIONALIZING YOUR
STRATEGIC PLAN
1
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2. Operationalizing Your Strategic Plan
Approach
2
Engagement
Within
Your
Organiza5on
Inability
to
Transi5on
Your
Strategy
to
Ac5on
2
Failure
to
Conduct
Regular
Reviews
3
Employee
Ac5on
Not
Aligned
to
Your
Strategy
4
1
Solu5on
#1
Solu5on
#2
Solu5on
#3
Solu5on
#4
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3. Critical Issue #1:
Engagement Within the Organization
“Actively disengaged employees -- the least productive -- cost the American economy an
estimated $350 billion per year in lost productivity.”
- The Gallup Business Journal
3
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4. Solution #1:
The Engagement Conversation
Key
Player
Manage
Closely
Keep
Informed
Two
Way
Communica5on
Keep
Sa5sfied
Keep
Informed
Influence
High
Priority
Low
Priority
Low
Priority
Moderate
Priority
Moderate
Priority
High
Priority
Interest
• Vision?
• S.W.O.T
4
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5. Critical Issue #2:
Inability to Transition Your Strategy to Action
Strategy
Strategic Plan
Individual Plan
“Companies realize only 63% of the financial performance their strategies promise
because of defects and breakdowns in planning and execution. More than 1/3 placed
the figure at less than 50%.”
- Harvard Business Review, Fall 2004
5
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any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
6. Solution #2:
Project Plan and Scorecard
6
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any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
7. Critical Issue #3:
Failure to Conduct Regular Reviews
“Less than 15% of companies make it a regular practice to go back and compare the business’s
results with performance forecast.”
- Harvard Business Review, Fall 2004
7
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any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
8. Solution #3:
Establish the 3 Types of Meetings
Tac5cal
Review
Review
current
status
of
weekly
ac5vi5es
and
progress
since
last
mee5ng.
1
Quarterly
Strategic
Review
Discuss
strategic
or
higher
level
issues
that
effect
the
medium
to
long
term.
2
Annual
Management
Review
Review
all
inputs
and
outputs
of
the
management
system
ensuring
their
con5nuing
suitability
and
effec5veness.
3
8
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any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
9. Critical Issue #4:
Employee Action Not Aligned to Your Strategy
“Only
7%
of
employees
today
fully
understand
their
company’s
business
strategies
and
what’s
expected
of
them
in
order
to
help
achieve
the
company
goals.”
- Driving
Success:
The
Incredible
Power
of
Company-‐Wide
Goal
Alignment.
SuccessFactors
2007
9
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any means whatsoever, without written permission from the publisher. Made in Canada. January 2013
10. Solution #4:
The Weekly Productivity Transformer
10
Tac5cal
Review
Review
current
status
of
weekly
ac5vi5es
and
progress
since
last
mee5ng
1
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Weekly Productivity Transformer
TM !
!
Profit Driver SolutionTM
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reproduced in any form, or by any means whatsoever, without written permission from the publisher.
Made in Canada. April 2013
IA.FS.PDS.001.A0
Make It Stick
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to(overcome(the(challenge?(
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Stewardship(Reporting((
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11. Operationalizing Your Strategic Plan
Solutions to the 4 Critical Issues
11
Engagement
Within
Your
Organiza5on
Inability
to
Transi5on
Your
Strategy
to
Ac5on
2
Failure
to
Conduct
Regular
Reviews
3
Employee
Ac5on
Not
Aligned
to
Your
Strategy
4
1
The
Engagement
Conversa5on
Project
Plan
and
Scorecard
Establish
the
3
Types
of
Mee5ngs
The
Weekly
Produc5vity
Transformer
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Innovate Advisory Inc. All Rights Reserved. This integral concept of Innovate Advisory may not be reproduced in any form, or by
any means whatsoever, without written permission from the publisher. Made in Canada. January 2013