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In order to really understand how to create a strategy that is successful, we need to understand the reasons why some strategic plans fail. We can also use these reasons below as a learning and make sure that we don’t make these mistakes in our next planning process.
Reasons why strategic plans fail:
- The process is not clearly understood
- It is not sold very well
- Lack of support from the top
- The organization is not ready for it
- Everyone is not involved in the process
- The necessary time is not taken to make it work
- It is not integrated into daily operations
- There is no accountability
- No way to measure success
- Inadequate follow-up
- The process is really not strategic management planning
Once we understand what not to do, we need to understand the key items that can help us create a strategy that is successful going forward.
Below are 15 keys to help create a successful strategy:
- Good pre-planning and honesty
- Support, commitment and acceptance
- A committed coordinator
- Involvement by everyone
- Sound education and training
- Patience, persistence and flexibility
- Willingness to accept mistakes and learn from them
- Link from planning to doing
- Demonstrated value added
- Adequate time devoted to the process
- Early successes
- Documentation and follow through
- A skilled facilitator
- Re-tooling and modification
- Willingness to change
We hope that with these tools, your next planning cycle to be more successful then ever.
Jul 09, 2013 @ 14:05:52
of all the posts I have seen on this subject, you covered it the best. Keep up the excellent work.