If you have questions about how your team can work better as a team using strategic planning, please contact me, Denise Harrison: or 91. When everyone decides on common goals and develops action plans to achieve those goals, your organization eliminates the silo mentality. Resources: do we have enough time (people)? Do we have the right people (skillsets)? Do we have enough money?įinally, the team will develop goals – the scorecard that will help us determine if we have been successful. The third meeting- Implementation – during this meeting the team reviews the action plans for: The team will develop Action Plans for each strategic initiative between meetings two and three Once you have made the decisions around the strategy, your team will select the 6-10 strategic initiatives that will move the company forward for the next 12-18 months. This shared base of knowledge is important to breaking down siloed thinking and to enable everyone to make informed decisions about strategy – the direction the company will take to optimize its future results. This will allow the team to develop a shared base of knowledge, sharing their expertise and learning from others. In the second meeting – Strategy Formulation – you will review the assignments. Furthermore, and more critically, the team will hear different points of view. This will enable people to talk informally about what they see as the company’s key strengths and weaknesses. You will also develop the company’s strengths and weaknesses in small groups that have a mix of functional participants. You will look at research assignments to analyze market segments, competition, technology, suppliers, the economy and regulations. In the first meeting – Situation Analysis – you will decide what topics need research to make informed decisions.
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