This document provides tips for implementing a strategic plan successfully. It discusses common reasons why strategic plans fail, such as daily crises taking priority over long-term goals (tactics trump strategy), and lack of leadership or buy-in. It recommends assigning plan champions, tracking progress, providing short-term rewards, and insisting on follow through to increase the odds that a strategic plan is fully implemented.

1. How to Increase Your
Odds for Implementing g
Your Strategic Plan

2. 60 Minute Strategic Plan
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4. Implementation Reality
p y
 DOA
 Most strategic plans never gets
implemented
 Fortune magazine – 70% of CEOs fail
because th i strategy was executed
b their t t t d
poorly or not at all

5. #1: Operational Necessities
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 Tactics trump strategy
 Daily crises/unplanned events
 Strategy d l with th f t
St t deals ith the future
 Plans must be woven into the fabric of
your operations

6. #2 Leadership
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 Every strategic plan must have a leader
devoted to seeing the plan implemented
 Don’t expect “because it has been planned
Don t because
it shall be done”
 It is up to you to the author and leader of
i t t th th dl d f
the plan to see the vision achieved
 Leadership/Strategic Plan = Inseparable

7. #3 Lack of Buy-in
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 Implementers must be involved in the
planning process
 Input gathered through surveys and sub
sub-
committees
IInvolvement = Understanding = B i
l t U d t di Buy-in
 Buy-in = Commitment, ownership, and
accountability

8. #4: Lack of
Ownership/Accountability
 Assign champions or owners
 P f bl the champion i not th l d
Preferably th h i is t the leader
of the leader of the entire project
 The leader’s job is to oversee the
implementation process and ensure the
vision is achieved

9. #5: Little or No Follow Up
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 Keeps the profile high on a strategic
project
 Every month hold a strategic plan
month,
implementation meeting to review each
initiative s
initiative’s status
 Never give up on due dates

10. #6: Lack of Communication
 Communicate the plan initially and during
its execution to keep it visible
 Methods:
• Face-to-face meetings
• A video of th CEO and senior executives
id f the d i ti
discussing the plan
• A Facebook page devoted t the plan and it
F b k d t d to th l d its
progress
• A blog that discusses plan progress

11. #7: No Tracking or
g
Monitoring
 Establish how often you’ll review both
before implementation begins
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 Set up dates in everyone’s calendars
 Track key plan indicators and due dates

12. #8: No Short-term Rewards
 Marries the short term and the long term
 Keep the project fresh and employees
stimulated
 Rewards don’t have to be costly
• Certificates
• Dinner for two
• Tickets to a sports event

13. Wrapping It Up
pp g p
 Always insist and persist that strategic
activities are completed
 “Never give in never give in never give
Never in, in,
in”
 B t of luck with your plans
Best f l k ith l