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What's The Plan, Stan?

Mon Nov 14 2005
 

Many managers expend so much energy putting together their strategic sales plan, yet it fails to be successful.

What happens so many times is their plan is simply a wishlist, high level ideas or just plain unrealistic.

A document is produced to satisfy the boardroom, yet is not designed for the very people that have to execute the plan. Chances are that it is never even looked at again after its initial presentation.

Here are 5 reasons why the plans don't and won't work:

Lack Of Communication

Expectations as well as opinions of everyone involved, especially in its execution, need to be considered.

Within so many organisations, it is these very people that are the last to know!

Lack Of Leadership

The ?blame game? is easy for so many managers, yet in reality they are the ones that will ultimately be responsible for the success of their team.

Inadequate resource allocation, poor follow through, inadequate checks, inappropriate incentives as well as lack of belief in the plan or team are all reasons why the plan will be unsuccessful.

No Real Plan Behind The Idea

So many managers have done goal setting courses yet fails to apply the basic goal setting principles to their strategic plan

S = Specific (What, Why, How)
M = Measurable (Defined KPI's, Continuous, with Adjustments if needed)
A = Attainable (Must be something to stretch, yet want to reach)
R = Rewarding (Assists motivation, adjustment)
T = Timely (Timeframes clearly defined, attainable and realistic)
Lack of Implementation
So many managers, having done the Grand Plan, fail to actually makes sure the plan is actually implemented properly. It's all about actual execution and details.
?Inspect What You Expect?
Lack of Personal Ownership

For the plan to be truly successful the ?what's in it for me? factor needs to be addressed for all stake holders. If it does not, it will not be fully embraced.

Aligning personal and corporate goals will give people more reasons to go to work than just a pay packet. It gives the job a real purpose.

What can be done?

Develop your plan, using SMART principles, involving all stakeholders, implement and take ownership and responsibility for its success (or failure), learning from the past. Finally, find the link between the plan and people's personal goals ? how will your plan help them get what they really want.

Please share with me your success stories! If you need a hand developing your strategic plan, give me a call!

Michael Vincent

michael.v@impact-training.net

0412 509 910

 
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