As a business owner or a department head, do you have a strategy for your team? How successful are you at achieving your strategy year over year? What if I said you would be more successful if you did less?
One of the greatest pitfalls I see companies fall into when executing their strategic plan is trying to do too much at once. After going through a strategic brainstorming session, there are so many great ideas on the table. A five-year vision is developed, then the two-year strategic objectives, and finally the tactical initiatives they wish to accomplish that year. Once nicely laid out on a board or in a three-ring binder with page protectors and full-color pages, leaders begin assigning team members to champion each of the tactical initiatives. After receiving their assignments, everyone goes their own separate ways until next year. Continue reading