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PLANNING TOOL
In the absence of a well-conceived and comprehensive plan, a group will be driven by outside forces. In order to avoid being swept by external currents, a group must have a strategic plan that is regularly monitored for progress and thoughtfully implemented. A strategic plan with a current set of goals, supported by measurable objectives and initiatives will greatly enhance the group’s overall prospect of success.
The Regis Planning Process has successfully resulted in the development or adjustment of numerous strategic plans. The process is simple and follows a set of key steps to arrive at a desired outcome.
STEP I: SET A REVISED STRATEGIC DIRECTION
Identify and define the most productive objectives for your organization and plan the most direct path forward to achieve them
- Form a planning team whose composition represents the group at large
- Planning team recommends both a Positioning and a sequence of actions
- Based upon market research
- Proposing business types and scope of effort
- Setting company-wide business development objectives
- CEO sets priorities, and challenges based upon the recommendation
- Unit Planning
- Major Steps: Proposed or defined by each division or unit
- Includes proposed outcomes and related commitments
- Defines proposed coordination with all other affected units (includes requests for budget and resources)
STEP II: COMPILING, TARGETING, SCHEDULING AND PROJECT OWNERSHIP
- Harmonization into plan and budget by small team designated by the CEO, COO, or CFO
- Enterprise and unit objectives ratified and/or set
- Incentives proposed that are connected to measurable objectives
STEP III: COMMUNICATION AND COMMITMENT OF OWNERSHIP
- Overall schedule reviewed with full management team
- Preview points with the senior leadership
- Annual full review meeting
- Targets and "best practices" clarified
STEP IV: TRACKING
- Quarterly reviews set to include all members of the senior leadership to CEO, COO, and CFO
- Interval Measures
- "Best practices" reviewed
- Targeted improvements
- Targets and "best practices" clarified
- CFO or COO is responsible for scheduling to connect to the budget process
If you want our help in this process contact TRG
NEW LEADERSHIP TOOL | LEADERSHIP TOOLS ARCHIVE | 5 KEY QUESTIONS | REGIS FORUM
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