- We are good at personal planning
why do we need a different system for Business Planning?
Answer:
Most successful people are good at personal planning; it is what makes
them successful. However, when a group of individuals or different
departments or a team or different companies must work together it is
critical that they have one process that reflects each of their diverse
needs and interests. It must be easy to use and implement. You must be
able to create a simple plan that everyone understands.
- How do you make/write a Business
Plan?
Answer:
Before you can write one you need to involve all the people that have a
vested interest in the development of the plan. If you follow the step
by step process we use to discover the key information you need in your
plan then you can just fill in the Strategic Business Planning Template
that we provide. Writing the actual plan becomes an easy step.
- Why do we need a Strategic
Business Planning Process when our Executives are more than qualified
to state our direction?
Answer:
First the creation of the plan allows you to focus your limited
resources on the highest priority business opportunities for your
organization. Next you need to have your entire team of key people buy
in to the plan. Even though your senior executives may have great
Vision people will not buy in to something they have not fully
committed to. Our experiences are that if
you involve
them in the plan creation you will get maximum commitment and effort
during the plan execution which is the most critical part.
- Why can’t we just use the
software tools that are prevalent on so many websites?
Answer:
I have looked at many of these tools and while some are good none
address the key issues of how you facilitate, build and execute a
strategic business plan. It really is a partial solution to the problem
and does not address the most common problems we have seen. It's like
having the New England Patriots playbook and thinking you can get to
the Super Bowl without having the Coaches teaching you to use the plays
correctly.
- How long does it take to develop
a Strategic Plan?
Answer:
A lot less time than most people think because they don’t have a
streamlined process. In more than 90% of the situations that we have
been involved in and that is more than 700 planning engagements we can
complete a plan in about 6 hours or less. Sessions that run longer
usually require building a few additional smaller plans that support
the overall plan.
- How many people are normally
involved in the planning process?
Answer:
From 3 -27. The process will accommodate any size group. The largest
session that we have ever conducted involved 27 people from seven
different companies. They were designing a product to meet the needs of
the telecommunications market. No one knew each other before the
session and we had to get every one on the same page. The session took
two days due to the complexity of the situation. The outcome was we had
a plan that everyone agreed to. The project required $30M in funding.
The solution was delivered to the marketplace in less than 18 months,
which was less than the allotted time and under budget. For an IT
project this is unheard of.
- What is the absolute key to
Strategic Planning?
Answer:
Having a great planning process is only half the answer. Knowing how to
Strategically Execute the plan is the other half. Both are critical to
success. So we focus on both areas. Knowing how to make people
accountable, how to resolve conflicts, how to make the plan your daily
“GPS” so you stay on track are just as important as the plan
development. That is why we concentrate on Plan Building to get the
Right Plan in Place and Strategic Execution which is where you will get
your Results. Rarely does anyone have a comprehensive approach – that
is what we provide. Once understood the process is simple to follow and
should be used for all planning activities.