Strategic Planning Archives - Price Associates

151: Optimizing Strategy Stage 5: Strategic Planning For Execution

“One of the reasons why we wrote this book was because many of the strategy books were not focusing on results. One of the most important things is to plan for results.”

Dr. Evans Baiya and Professor Timothy Waema detail the next stage of their book, “Optimizing Strategy for Results,” co-authored with Ron Price. In their conversation with host Dale Dixon, they build on the decisions made in Stage 4 to move on to Stage 5: Strategic Planning for Execution. This stage involves executing those decisions, monitoring for results, and creating clear metrics. The authors also discuss how to avoid a breakdown between the stages by using the canvases and tools from the book as your guide.

Learn more about the 7 Stages of Strategy at optimizingstrategyforresults.com and purchase your copy of the book here.

Photo by Mikael Blomkvist via Pexels.

TheCompleteLeader Podcast · 151: Optimizing Strategy Stage 5: Strategic Planning For Execution

150. Optimizing Strategy Stage 4: Making Strategic Decisions

Two of the authors of “Optimizing Strategy for Results: A Structured Approach to Make Your Business Come Alive” continue their conversation on the 7 Stages of Strategy with host Dale Dixon. Dr. Evans Baiya and Professor Timothy Waema discuss key outcomes of Stage 4: Making Strategic Decisions, specific tools your organization can use for evaluation and prioritization, and the importance of keeping a strategic—rather than a tactical—mindset in this stage. As mentioned in the beginning of this series, people are at the center of success in this stage and they emphasize the importance of communication and commitment from stakeholders at all levels.

Learn more about the 7 Stages of Strategy at optimizingstrategyforresults.com and purchase your copy of the book here.

TheCompleteLeader Podcast · 150. Optimizing Strategy Stage 4: Making Strategic Decisions

4 Ways You’re Getting it Wrong When It Comes to Leadership Development

By Ron Price, Strategy Magazine, May 2015

When it comes to leadership development, organizations are operating in a completely different arena than they were even five years ago. Developing leaders into today’s business climate has a unique set of challenges. The leadership drought—with Boomers turning 65 at a rate of 10,000 per day and a sheer lack of bodies at the next level to replace them—combined with the leadership gap—Gen Xers and Millennials without the necessary experience to lead—have created a substantial deficiency for both the quantity and quality of leadership.Read More

Focusing Your Company Growth

80% of startup businesses fail in the first 5 years. Of the 20% that ‘survive’, another 80% of those will fail in the next 5 years. That means that only 4 in 100 new businesses will make it beyond 10 years. No entrepreneur starts a business thinking that he or she is going to fail. Every one of them believes that they are going to be in the 4%. The same is true of people who purchase existing businesses or those who take positions as CEO’s of established companies. So how do you make sure that you are in the 4%?Read More

Avoiding the Seven Deadly Sins That Destroy Family Businesses

Book Review: Keeping the Family Baggage Out of the Family Business: Avoiding the Seven Deadly Sins That Destroy Family Businesses, by Quentin J. Fleming

Family businesses are interesting organizations. They often struggle to differentiate two different, but frequently overlapping, systems: the family system and the business system. In “healthy” family businesses, these two competing worlds are skillfully and intentionally managed and kept in their respective places. Far too often, however, the family system inserts itself into the business and creates unique and dire challenges.Read More

Clarity and Focus

A special thanks to Imelda Butler for her timely and insightful webinar, Crossing the Rubicon. The seven steps she presented for writing your own strategy are very timely as we draw close to the end of 2011 and look forward to a new year!Read More

Strategy-driven Organizations

“We’re so busy putting out fires and trying to keep the business going that strategy just doesn’t show up on the screen. We seem to drift a lot,” one leader confided in me. I could relate because I’ve been part of an organization that couldn’t maintain a strategic focus. We had flavor-of-the-month and reliably we would worry over sales each quarter, but strategy never got consistent attention.Read More

Differentiation Starts With Actually Being Different

Standing out is the most basic element of branding. Getting noticed is the spark that leads to brand awareness – and maybe even convinces someone to buy your stuff.Read More

Marketing Trends for 2011

I had another opportunity be a guest with Carolyn Holly on the “It’s Your Business” segment of KTVB’s noon news on November 18. Here are the 4 marketing trends for 2011 we talked about:

Crowd-sourcing: engaging with your customers to help market your business.
Hyper-local: marketing to narrow audiences; typically geographic areas
Web findability: creating a web presence that makes your business easy to find.
Social media quitters: businesses bailing on social media efforts because of lack of results.

Lessons from Stone Soup

Normally, I blog about learning, training, knowledge management, etc. But in the current climate of business doldrums and fear of further decline, I hope you’ll indulge me as I wander into the mentality of poverty for a while. Bear with me. It will take four blog posts to get to the point of my ponderings.Read More

OUR THINKING