Strategic Planning Best Practices: It’s Good to be King
Posted by Joe Strategy on June 25, 2010 in Planning Tools
Or Queen, of course. The point is that it’s important to look at small business strategic planning with new and fresh thinking and to develop new strategic planning best practices.
Joe Strategy’s advice to small businesses that are either family-owned or managed by a dominant leader is to use the strategic planning tool developed by the Vann Group called “It’s Good to be King!” Essentially, you insert the following exercise into your strategic planning process….
- Try this exercise to generate new ideas and engender greater ownership throughout your business.
- This tool is excellent for family owned businesses or those managed by a dominant leader.
Give all members of your strategic planning team the ability to anonymously identify what they would do to improve the company if they were running the show with no constraints. Ask them to identify specific processes, practices, functions and strategies across functional areas, looking at:
- Employees
- Infrastructure
- Business processes
- Communication
- Product/service development
- Sales and marketing efforts
- Financial and administrative management
This exercise will generate a goldmine of innovative ideas.
Tags for this post:
Comments (0)
Nothing yet.