I’ve been at the strategic plan development and execution business a long time, in both large corporate settings and in my coaching and consulting work with small and mid-size businesses. As a result, I’ve determined that there are ten important pitfalls you absolutely must avoid if you want your planning to succeed. Here they are:
1. Top management delegates planning and does not own it.
2. Management becomes engrossed in current problems and spends insufficient time on long and short-range planning.
3. Failure to develop goals that support the long-range plan.
4. Failure to include the major line personnel in the planning process.
5. Failure to use plans as the standard by which to measure performance.
6. Failure to create an organizational climate that is conducive to effective planning.
7. Treating planning as though it is separate and apart from the management process.
8. Creating overly formal systems that lack flexibility, simplicity and creative input.
9. Failure by management to effectively communicate long range plans to departments and divisions.
10. Management undermines its own planning and credibility by making conflicting intuitive decisions.
Let’s discuss how I can help put you on the path to strategic planning – and execution – success.
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