Assessing and Improving Strategic Plans

54mIntermediate2017-10-26

Authors

Mike Figliuolo

Founder and Managing Director of thoughtLEADERS, LLC

Course details

Discover how to hone your strategy to ensure that it succeeds. In this course, join Mike Figliuolo as he highlights some of the major reasons that strategic plans fail, and how to avoid making those same mistakes. Mike examines common problems that can knock your plan off course, including insufficient capabilities, pursuit of the wrong initiatives, and incorrect assessments of the market. By covering each of these issues in detail, he helps you make a better assessment of your own strategic plan.

Learning objectives
Identify common failure points in a strategic plan.
Explain how to align compensation with strategy.
List indicators of underfunding your strategy.
Describe behavior that can harm strategy execution.
Define strategic filters.
Explain how to react to major shifts in your customer's market.
Identify key metrics for assessing strategy.

Skills covered

Business StrategyBusiness Analysis and StrategyLeadership and ManagementOne-Off

Concepts

0. Introduction

01 - Welcome
02 - In this course

1. Insufficient Capabilities

03 - Overestimating your capabilities
04 - Failing to align compensation
05 - Underfunding the strategy
06 - Not prioritizing and focusing
07 - Working with the wrong talent

2. Wrong Strategy

08 - Assessing the market incorrectly
09 - Pursuing the wrong initiatives
10 - Focusing on short term vs. long term
11 - Failing to diversify initiatives
12 - Not making tough choices

3. Market Changes

13 - Reacting to customer behavior changes
14 - Dealing with competitive actions
15 - Handling regulatory or political changes
16 - Adjusting to technology changes

4. Poor Execution

17 - Not linking strategy to execution
18 - Failing to communicate and get buy-in
19 - Executing poorly
20 - Not measuring or driving accountability

Conclusion

21 - Next steps