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We've hit that part of the Strategic Planning process with a few of our clients: It's time for them to put what they've developed to the test. Specifically, a few clients are facing difficult situations with select key staff members. These tough situations are requiring top management to either ... Views: 890
I received a telephone call recently from a client desperately trying to fill a vacancy in her accounting office. After describing the situation she read the position description to me. Among other general items, it noted, "At least three years of accounting experience." Well that's just dandy, ... Views: 865
It's happening again. We've been contacted by several clients all dealing with the same issue: current top management is ready to move on (retire, sell, quit, transfer to a new division, etc.) and there's no staff ready or able to replace them. The problem from the clients' perspective is: How ... Views: 1055
Recently a colleague asked me for advice to help him with one of his clients. My colleague's been working with this particular client for several years, but it's getting to a point of frustration where my colleague's ready to walk away. The manager -- or as my colleague now calls him -- The ... Views: 1184
Every day, there are stories in the media discussing the importance of succession planning, yet many of us business owners aren't paying heed. According to a global study released by Korn Ferry International, "40% or less of organizations today have a capable CEO-in-waiting." Also, according to ... Views: 1309
I had an interesting conversation the other day with a client. We were discussing her company's strategic plan and the next step: the succession plan. I was outlining for her the basic steps to identifying the responsibilities of key positions when she asked a great question: "Just what is a ... Views: 954
The most common question I'm asked by new clients who are focusing on succession planning is:
"How do I start?"
It's a great question and its answer is one that many clients don't anticipate:
Start by having a very clear, well-developed strategic plan.
Needless to say, when new clients hear ... Views: 808
Energy prices are changing daily. The capital markets are in free fall. There is talk in Washington of nationalizing everything from Energy to Medical Care to the Banking System. Our courts have become political entities rather than judicial entities. Technology is changing so rapidly that a ... Views: 1273
In the world of decision making if there is one question you can ask before deciding to on a new operation plan for your company what would it be? Most people might say, What is the bottom line or what is the ROI?
But beyond anything the most crucial question you should be asking yourself and ... Views: 1337
We're working with several organizations helping them prepare their next tier of managers to eventually take over the senior leadership positions. However, before we focus on developing this next tier of managers, we spend a good bit of time working with the current senior leadership team to ... Views: 1326
A client recently asked me for guidance on how she should gauge her managers' understanding of their organization's strategic plan. She doesn't believe her managers fully appreciate how important their roles are in ensuring the plan succeeds. She fears they believe it is up to the executive ... Views: 795
A beautiful thing happened during a client work session this week: the management team experienced the value of clear, honest communication.
For some time this client has been under the incorrect assumption that its management team communicated well with each other. Yet invariably when I'd have ... Views: 789
All home sellers come with their own personalities and personal quirks, but when it comes to preparing a home for presentation you’ll find that nearly all sellers fit into one of five categories. As you begin to counsel clients regarding changes and repairs they must consider, it won’t take long ... Views: 1039
Successful leaders and managers have the ability to step back from the frenetic day-to-day operation or their department so that they can see the bigger picture.
Military leaders of the past would seek out a vantage spot high over the field of battle. From that vantage point they plan their ... Views: 1085
Strategic planning only helps organizations when they are kept active and implemented. The strategic plan defines the business direction. That direction is based on the future, the vision of the company. Before an effective strategic plan can be developed a clear and compelling vision is ... Views: 1111
Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Various business analysis techniques can be used in strategic planning, including SWOT analysis ... Views: 4954
This book review is part of a series that covers the topic of Strategic Planning. Strategic Planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Donna Price is the ... Views: 2520
Are you working in your power?
Creating a powerful work place that is focused and intent on success is one of the biggest challenges business owners face. What is a powerful workplace? Powerful workplaces are focused, strategic, and intentional. Owners and staff are action oriented in ways ... Views: 1208
A clear and compelling vision that inspires, drawing you into the future… like a magnet
Why do we need a vision for our organization?
Many business owners feel that their organization is too small to need a clear and compelling vision. But vision is what draws you to the future. It ... Views: 3094
A marketing plan is vital to the success of your business. Without a plan, even the best intentions may never be realized. You must plan the work and then work the plan, or your goals will not be accomplished. They key is to not only have a plan but to implement that plan. Implementation is ... Views: 1180