The creation of a strategic plan is structured along several lines that define the growth of your company. It is defined by the act of determining the long-term objectives and fundamental objectives, putting in place actions and allocating the necessary resources to achieve these ends.
As you can see, this exercise takes considerable time and effort as it sets the direction for your business. Whether you are an executive or employee of an SME or a large company, the strategic plan allows you to have an overview of the evolution you want to bring to your organization.
Having a strategic plan is not sufficient; it is essential to make it live. For this, an organization needs tools, places and times to follow the progress of its strategy and to make it evolve. Over the years, GMC Consulting and Training have developed an innovative and specific method to support this strategic implementation, which is so vital for the growth of your business.
Strategic Implementation Committee
To succeed in making your plan palpable, we must manage to create what we call at GMC Consulting and Training, a strategic move.
This is a way of generating operational change and efficiently achieving an organizational vision. To accomplish this and to avoid the challenges frequently encountered during this stage, the implementation of a Strategic Implementation Committee becomes an essential means.
This is a group responsible for steering and monitoring the strategy. It is made up of the leaders who took charge of implementing the plan. It aims to establish and coordinate the stages of the realization of it. The best strategies and the best expertise cannot succeed without follow-up. The complexity and speed of operations and the pace of change require the presence of a coaching process that ensures consistent organizational vision. By planning meetings, structuring development stages and discussions, this operational governance aims to:
- develop the implementation process;
- give a rhythm of realization to your plan;
- ensure that the organization focuses on the strategic directions, objectives, and means to be prioritized;
- Establish the steps for achieving the strategic plan and coordinate planning efforts;
- Periodically update the strategies put in place.
Do you really understand your business strategy?
As you can see, it is necessary to make your strategy viable. This is the most hard and challenging step in the development plan. It nevertheless leads to the achievement of organizational objectives.
According to the Harvard Business Review, the majority of leaders (96%) mention that they lack time to implement their strategy because they are too busy extinguishing fires and dealing with everyday problems.
When questioned what they would do if they had a day to set the basics, most of them have no idea! This illustrates the lack of understanding of the strategic plan itself. At GMC Consulting and Training, we also observed that:
- the worst enemy of implementation is a bulky plan;
- the strategic policy must be based on facts and not perceptions;
- the facilitators of the diplomatic process must understand the daily operations of the company;
- the majority of companies invest 90% of their energy in establishing a strategy and only 10% to achieve it;
- the energy rate a senior executive devotes to operations should be between 20% and 30%, whereas in reality, they require 95% of his time.
However, it is possible to solve these problems and understand its strategy by setting up a CMOS and developing tools to make it live.
At GMC Consulting and Training, the creation and coordination of these committees is an expertise of our consultants. Does your organization need support in implementing its strategy? Contact us to benefit from our strategy advice, training, and support!