Spotlight on Strategic Planning & Organisational Design

Strategic planning is critical for any business, no matter how big or small.??

It is defined as a “process in which an organisation’s leaders define their vision for the future and identify their organisation’s goals and objectives.?

At this time of year, almost all companies are going through a strategic planning exercise, a forward-looking process to understand the direction of travel and how the business is going to achieve these goals.?

This in turn will filter down into business planning, which typically focuses on short-term, tactical goals, such as how a budget is divided up and organisational design.?

In periods of uncertainty, this process will happen more frequently as the organisation needs to be agile and able to respond to external market factors quickly, such as inflation, cost of capital and new technological developments.?

This is the “WHY” part of the process and is critical to informing the “WHAT” and “HOW”.?

With a clear vision and plan, the conversation turns to these critical questions of “what” and “how”.?

The most important part of having successful plans and execution, is having the right leaders in place. With uncertainty still prevalent in global markets, but greater confidence in the direction of travel, the next steps are crucially important to achieving goals and objectives.?

The right leadership team will not only be able to achieve these objectives but will help Founders and CEO’s respond effectively and efficiently to external factors.??

When hiring your leadership team, you need to be looking for people that can offer different perspectives, challenge the status quo and push you out of your comfort zone, because this is where growth happens.?

These leaders will drive organisational design and resource planning and take the heavy lifting of achieving goals and objectives for your business.?

The Bottom Line:?

Applying the 5 Why’s iterative technique for getting to the root cause of your challenges is a core skill for CEO’s and Founders. It will help with strategic planning and setting vision, goals and objectives, but should also be used in hiring your leadership team. This detailed assessment can have a transformative effect on your organisation’s ability to execute and deliver on these plans.?

Just as with planning, leadership teams need to be constantly re-evaluated and assessed for their suitability for the organisations vision and goals.?

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