This week’s readings were about the implementation of strategic
plans. This is a pressing problem as many times companies know what to do but
now how to do it. I believe the core of smoothly executing a strategy plan is focus
and communication.
How to make an entire organization focused?
Many times, companies and executives are tempted to do
multiple things at once without analyzing their current performance, environment,
industry, and internal capabilities and expertise. This results in a poor
execution of a strategy plan as there is a lack of objective and poor allocation
of resources. One way to overcome this problem is by having a clear set of
vision, mission, objectives, scope, and strengths. Companies and their
employees should know why they are doing what they are doing and how it
differentiates them from their competitors. Before implementing a plan, the
company should ask themselves “Does this match with our vision and mission and help
us achieve our objective in the scope defined using our strengths?”. Along with
the C-level executives, all employees should be aware of these 5 components.
Only then, will all the employees focus on a common objective leading to higher
productivity and better results.
How to improve communication in an organization?
Once the aforementioned 5 components are well defined, it is
of utmost importance that all the employees are well aware of it. This can be
achieved by improving communication within the company. One way to do this is
to decentralize power enabling all employees to put forth their points and foster
collaboration and creativity. By doing this, the company can encourage new
ideas while empowering their employees making them more focused. It also helps
in identifying gaps and problems at the grassroot level. Another way is to
improve communication is to have clear cut targets. A company is unlikely to
get the desired results if the expectations from a person or a task is unknown.
Clear expectations and targets help in creating a route to achieve the final
goal.
Headspace is an Australian nonprofit that supports youth
mental health services. Their 3-year strategic plan has been summarized
concisely in 1 page which makes it easy for everybody to understand and illustrates
their focus areas.
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