Strategic Planning for 2022

Jul 3, 2024

Strategic Planning for 2022

Introduction

  • Lecturer: Mark O'Donnell, Visionary at EOS Worldwide
  • Overview: Simplifying strategic planning to ensure execution and alignment within the organization

Key Statistics

  • 85% of leadership teams spend <1 hour/month on strategy
  • 95% of employees are unaware of the organizational plan
  • 90% of strategic plans are unexecuted

Key Components of Strategic Planning

  1. Vision
    • Document and share vision with the entire organization
  2. People
    • Right people in the right seats
  3. Data
    • Scorecard for the business, weekly accountability
  4. Issues
    • Create and address issues list, root cause analysis
  5. Processes
    • Document and standardize processes
  6. Traction
    • Meeting cadence and quarterly priorities

Vision Component

  • Answer these 8 questions:
    1. Core values (3-7 guiding principles)
    2. Core focus (purpose, cause, passion, and niche)
    3. 10-year target
    4. Marketing strategy (psychographic, geographic, demographic)
    5. Unique value proposition
    6. Guarantee and proven process
    7. 3-year picture
    8. One-year goals and 90-day rocks

People Component

  • Create an accountability chart
  • Ensure clarity of roles and adherence to core values and culture

Data Component

  • Identify 5-15 key measurables
  • Review metrics weekly

Issues Component

  • Surface and solve root issues
  • Assign actionable solutions

Processes Component

  • Identify and document key processes
  • Implement simplified documentation (1-5 pages)
  • Train and manage around documented processes

Traction Component

  • Establish a meeting pulse (weekly, quarterly)
  • Review past performance and set future priorities
  • Focus on 90-day priorities

Final Note

  • Importance of alignment and cohesive execution

Next Steps

  1. Follow the video's guidelines and strengthen the 6 key areas
  2. Read "Traction: Get A Grip on Your Business" by Gino Wickman
  3. Visit EOSWorldwide.com for additional resources
  4. Hire a professional EOS Implementer from EOSWorldwide.com

Conclusion

  • Ensuring all members are aligned and focused
  • Creating a healthy, functional team for a successful 2022