How to develop and implement plans
As a leader, you are the catalyst for growth and those who learn and improve their game first win!
It’s a whole different mindset once you reach the Growth Phase. While Prove Phase companies are focused on troubleshooting, problem-solving, and getting ahead of the curve in order to ensure that their business model works, Growth Phase companies must be disciplined, measured, innovative, organised, and efficient in order to stay ahead of the curve.
Growth is a continuous cycle of leadership, team, strategy, and implementation. Having completed the cycle once, you’ll need to start again, as you will have moved on.
Here are six essential steps to developing your strategic plan.
- Start with a Vision: a good vision is a mental model of a future state that reflects the uniqueness of the organisation, its distinctive competence, and what it is able to achieve.
- Define Your Business Model: A business model describes the economic engine that drives your business
- Prepare: to gain insight into your company’s performance, market, and competitors.
- An Effective Strategic Planning Process: should be well-thought through and well-planned.
- Focus on the “Big Rocks”
- A One-Page Plan
Many companies find that strategy development is easy – it’s the implementation that gets them into trouble.
Here are five key points to implementing your strategy successfully.
- Align Your Organisation for Growth
- Developing Implementation Capability
- Have a Visible Plan
- Focus on Discipline Implementation
- Track Your Progress