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Resource Management Best Practice 1 – Attract the Best with Accountability

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StrategyDriven Resource Management ArticleIn today’s competitive environment, it is no longer good enough to offer employees a good place to work. Rather, it is imperative a company creates a work environment where the best want to work. Only when such an environment exists will a company attract and retain the most knowledgeable, skilled, and accomplished employees; who in-turn will effectively execute its activities and make it a viable competitor in an increasingly aggressive marketplace.

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Additional Resources

StrategyDriven contributors recommend the following resource that elaborate or compliment the Attract the Best with Accountability best practice:

Good to Great: Why Some Companies Make the Leap… and Others Don’t
by Jim Collins

About the Author

Nathan Ives, StrategyDriven Principal is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.

Strategic Planning Best Practice 2 – Prioritize the Mission

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Ideally, an organization’s mission statement would convey a singular purpose. However, mission statements often enumerated several purposes, such as creating shareholder value, contributing to the community, and offering workforce prosperity. When this occurs, organizations struggle to serve multiple masters.

Prioritizing the mission establishes the relative importance of an organization’s multiple purposes; focusing decisions and driving actions toward achievement of the organization’s primary purpose while allowing progress to be made on objectives of lesser importance. The amount of emphasis given to each purpose should make their relative importance obvious to all members of the organization. Additionally, decision-making should demonstratively reflect and reinforce the mission priorities such that a proportionate amount of managerial attention and organizational resources are applied to the achievement of each purpose.

About the Author

Nathan Ives, StrategyDriven Principal is a StrategyDriven Principal and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.

StrategyDriven Strategic Planning Forum

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StrategyDriven Strategic Planning IntroductionA company’s true value is largely determined by its long-term performance potential as shaped by management’s decisions made today. These decisions guide the translation of the company’s mission, its purpose for existing, into the products and services it provides and hopefully the market wants.

Strategic planning is an iterative, ongoing process consisting of:

  • Analysis: assessment of the internal and external factors effecting the organization’s ability to achieve its mission
  • Alternative Development: detailed assessment of the costs, benefits, and risks associated with strategic alternatives including both major, ongoing and newly proposed activities
  • Alternative Selection: identification of the current portfolio components and proposed activities that will be pursued and the time frame for execution
  • Resource Projections: aggregation of the personnel, financial, physical, and technological needs including an assessment of the ability to acquire these resources within the needed time frame
  • Plan Development: final validation of the organization’s mission and compilation and approval of its long-range and annual business plans

Execution of these iterative processes takes place throughout the year with a frequency dictated by the pace of market change.

Focus of the Strategic Planning Forum

This forum will focus on the principles, best practices, and warning flags associated with the leading practices of companies that successfully execute strategic planning processes to define objectives, drive alignment, and enhance performance. The following articles, podcasts, documents, and resources cover those topics critical to an exceptional strategic planning program.

Articles

Principles

Best Practices

Warning Flags

StrategyDriven Expert Contributor Articles

StrategyDriven Podcasts

StrategyDriven Podcast

StrategyDriven Podcast – Video Edition

StrategyDriven Podcast – Special Edition

Documents

Whitepapers

  • Analysis    [StrategyDriven Premium Content]

Models

Resources

Books

Welcome!

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Welcome to StrategyDriven, the website dedicated to providing executives and managers with the planning and execution tools needed to create greater organizational alignment and accountability for achievement of superior results.

We believe creation of a clear, forward-looking strategy, translatable to the day-to-day activities of all organization members, is critical to realizing success in today’s fast paced market environment. Not only does a compelling, well executed strategy align individuals to a common purpose, it ensures that purpose best serves the company’s mission.

On the StrategyDriven website, you’ll find whitepapers, models, templates, process flows, and discussion forums related to the programs and activities necessary to create and execute your organization’s vision of success. Complementing these resources is The Accountable Organization Podcast, focused on the subset of programs and activities directed at shaping the organization’s behavior toward the continuous pursuit of excellence and mission accomplishment.