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Strategy Formulation: Make Today's Decision for Tomorrow's Results
“Linda determined the core objective for the project and helped the team work through myriad challenges and distractions. She was able to adapt to unexpected issues while making sure the team focused on the target and timeline. Linda has provided sound guidance when needed and has been a sounding board when the team was on a roll. She has helped us shape a clear vision for our future and has put us on the path to achieving it.”
—Chip Potter
CFO, Alpha Wire Company
As a leader, some of your major responsibilities include thinking through the mission of the business, setting objectives, developing strategies, and making today’s decisions for tomorrow’s results.
Henman Performance Group offers an ongoing process for an executive team or the Board of Directors to move beyond forecasting to developing strategies for success.
Objectives
- Align the company’s mission, vision, values, and goals.
- Better understand the direction the company’s direction and drivers of profitability.
- Identify internal and external threats and opportunities.
- Envision future opportunities for leveraging your company’s strengths.
- Generate sound, objective data upon which to base planning efforts.
- Prioritize issues to separate important from unimportant initiatives.
Benefits
- Allocate resources more effectively by clarifying the business you want to drive.
- Increase profits by defining the organization's markets and financial objectives.
- Boost profitability by aligning strategies with people, processes, and systems.
- Improve individual and collective performance through a deliberate planning strategy.
Process
- Executive team members identify differentiators, threats, opportunities, driving forces, and success indicators.
- The team creates, revises, or reenergizes the mission statement and goals.
- They pinpoint the precise nature of the business, financial objectives, market, products, growth potential, and talent.
- Then they establish long and short-range goals for the company and commit to the actions they will take responsibility for achieving.
- Finally, the team plans implementation, follow-up, and evaluation criteria.
