?? SMART + FAST = FIRST COMPANIES

?? #SMART + #FAST = #FIRST #COMPANIES

??? The traditional and still-typical so-called but long-outdated “corporate planning” approach is based on rigid annual cycles and quarterly/monthly reporting, which is no longer adequate (even if it ever was) in today’s era of rapid change.

??? A proper #strategic approach is required. Leading-edge companies get to the future FIRST, by moving FAST, and acting SMART. {Tomorrow I will discuss "SMARTER" ?? }

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?? SMART:

? Specific: What to accomplish, by whom, by when

? Measurable: How to know when you achieved the milestone.

? Attainable: Realistically achievable based on time and resources.

? Relevant: Aligned with strategy, purpose and timeframe.

? Timely: Target and deadline date for achievement.

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?? FAST:

? Frequent: Frequently reviewed and discussed to stay on course.

? Ambitious: Stretch goals that are realistically achievable.

? Steadfast: Concrete KPI and OKR metrics with fixed milestones.

? Transparent: Communicated to all employees and stakeholders.

?

?? FIRST:

? Futuristic: Long-term moonshot goals,

? Innovative: Require 24/7 innovation and change mindset and culture.

? Realtime: Managed on a digital dashboard 24/7, not monthly or quarterly.

? Strategic: Designed to put the business out-front of competitors.

? Tactical: Enable agile course corrections while retaining long-term mission.

??? { Tomorrow I will discuss "SMARTER" ?? }

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Adapted, modified, and significantly updated from previous sources, most-recently MIT Sloan. “FIRST” concept is entirely my own. Graphic is mine.