Executing Successful Strategic Plans

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Derby Management Executing Successful Strategic
Plans
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Strategies are at the Core
Strengths
Tactics
Strategies
Issues
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Five Steps to Success

• Step 1 Conduct initial analysis with CEO
• Step 2 Conduct key manager interviews
  Complete detailed analysis
• Step 3 Facilitate key managers offsites
• Step 4 Create the plans
• Step 5 Review and measure.

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Successful Strategic Plans Step 1
Identify all primary issues affecting
growthPrioritize and quantify Involve all key
managers through interviews Identify whats at
the core of the business. Technology, people,
services, products Identify size, rate of
growth, competitorsDetail future trends
threatsDefine existing market focus
strategy Clearly understand the customer needs.
The Customer Voice Needs satisfaction Is
this a significant sustainable business?
Business Core Analysis
Market Analysis
Channel / Customer Needs Analysis
Opportunity Assessment
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Successful Strategic Plans Step 2
One-on-one interviews with key managementWhat
are the issues affecting growth? Individual
subgroup interviews.Assess Experience skills
Assess communication team involvement Quantit
ative Analysis interviews Assess existing
services, costs, support Assess Customer
Satisfaction Financial AnalysisPL, balance
sheet, cash overviewInvestment opportunity
Interim Quick Summary ReportIs this a
Significant Sustainable business?
Management Assessment
Services Assessment
Financial Assessment
Opportunity Assessment
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Successful Strategic Plans Step 3
Off-site, four times a yearFormal, focused and
facilitatedWhat are our strategic initiatives
tactics? The Strategic Plan is one.Annual
departmental tactical plans is the
other.Create total buy-in commitmentCreate
common language for all key managers Define a
complete annual business PlanDefine departmental
1 year tactical plansCreate measurable
responsibilitiesDefine and agree on metrics and
rewards
The Deliverables
ManagementConsensus
Tactical Plans
Objectives
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Successful Strategic Plans Step 4
Writing, editing, revising draftsFinal
management agreementSubmitting completed plan to
BODFinal sign off full communication Create
detailed 6 and 12 month plansCreate Cookbooks
RoadmapsProvide detailed objectives
metrics Submit review with all team
membersBuyoff of all tactical plans among the
teamCreate total consensus sign up.
DepartmentalTactical Plans
ManagementConsensus
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Successful Strategic Plans Step 5
The Business Plan Review Process Monthly Key
Management ReviewsQuarterly Offsite Reviews
Demand consistency openness Review monthly
departmental performance Report and modify
specific metrics Continuous monthly updating
Apply Stretch Objectives Review against the
metricsProvide rewards-Players Team
Communication Meetings
ManagementReviews
Tactical Plans
ObjectivesActions
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Derby Management Executing Successful Strategic
Plans