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Isps Individual Strategic Plans

Sep 09, 2008

Imagine for just a minute that everyone on your management team is on the same page and that 'same page' is being monitored closely by you and your team.

As difficult as this may seem, the process can actually be simple.  As CEO and the key finder in the organization, once you have established your clear and concise goals for the year, share those with the key members of your team.  Obtain their input and make changes if necessary.

The next step is where you bring everyone on the same page.  Have each team member complete 1) their own strategic plan for the year and 2) create a 90-day operating plan based on their own strategic plan.  It goes without saying their plan has to align with the overall company strategic plan.

After you review each planning document (these should be no longer than one-half to one page each), it's time to monitor the progress each team member is making on their 90-day operating plans.  This needs to be done regularly.

Execution of any plan is never easy, but as you meet with your team members individually and as a group, go over their planning documents and evaluate their progress.  Everything they should be doing should be linked to these 90-day plans.

I've watched these simple concepts work in my cliet base, and without such discipline, goals are not accomplished.  Or, if the goals are met, they are met far beyond the time period you desired.

In summary, document your own goals and objectives for the year that can be easily measured (between 3 and 5) and have your management team create their own strategic plans for the same time period and their 90-day operating plans.  Both have to align with the overall company strategic plan.  Then you need to monitor the 90-day plans on a regular basis helping each team member meet their goals and objectives.  This process is repeated each quarter.  And finally, celebrate those goals you achieved with your team. 

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About the Author

Lou Gehrig said he was the luckiest man on the face of the earth during his farewell speech in front of Yankees fans. Well, I guess that makes me the second luckiest man on the face of the earth. That's because I've enjoyed serving many business owners in a business-to-business CFO or controllership capacity since 2001.

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