Trust Your Gut

We are change and strategy practitioners. We have the privilege of working in many corporate settings and on a wide range of projects. Over time, when you do what we do, patterns start to emerge.

In previous articles we have written about the psychology of program management and the role of optimism and human biases in project failures and delays. We have also explored why strategic plans fail and suggest a number of remedies.

One of the reasons that strategic plans and associated projects stall is a failure to follow thru, a failure to take account of varied, and sometimes diametrically opposed, inputs and pick a way forward. Sometimes this is a change management issue, a failure to inspire and galvanise a team with an achievable plan designed to overcome human and technical hurdles. But surprisingly often, it just comes down to an unwillingness to make a “big bet”. Continue reading

Six Simple Questions for Strategic Planning

 

Regardless of the type of strategy that you are developing; capture, corporate, change, product, etc., it is critical that you refine the strategy down to its essential elements. Complexity does you no favours. It makes the strategy hard to understand and easy to attack or avoid. Buy-in occurs when the fundamental tenants of your strategy are easily understood, easily remembered and easily put into practice. Continue reading

Why Strategic Planning Fails, And What to Do About It

Many companies do a great deal of strategic planning and presentation preparation and then go offsite for a few days once a year to establish the company’s goals and direction for the next 12 to 36 months. The executive correctly understand that they needed to engage in this exercise to get everyone on the same page.  It is also an annual perk for the staff involved.

Unfortunately, in our experience, these sessions can be generally useless unless the underlying process is very well developed and executed. There are many traps that can sideline good intentions. In fact, most executives that we have engaged over the years say that they’re unhappy with their strategic planning process. So while they know that strategic planning is necessary, they don’t fully realize the benefits they were hoping to attain from it. Continue reading