Phase Four
The final phase in your strategy journey is here, so let's investigate what steps complete it.
- Rollout the strategy and create an implementation timeline
- Leverage tools
- Hold quarterly reviews
- Conduct annual reviews
Step One.
It's time to make the implementation schedule that will drive the change for the entire company. This changes strategies and plans into actions and goals.
This is the time to do the following:
- Create a communication schedule.
- Appoint a strategy director.
- Determine the structure and timing of review meetings.
- Define what each staff member should bring to review meetings.
Step Two.
As you're going along with your plan, you need to make sure that you're reviewing those KPIs that we talked about previously. Keeping an eye on these metrics can help you figure out whether the goals you're looking at are working towards your company's betterment. Overall, you should make sure to keep an eye on your company's goals and actions. Keep them aligned to ensure your company's success.
Step Three.
As your team is working on implementing changes, you may notice that one thing or other needs some work. It's okay to change your goals and action steps as you go if you find that the goal or action step isn't doing what you want it to do. For example, you may find that a goal doesn't align with your mission statement. It's okay to change this goal and reset. There's no point in keeping a goal or action item that isn't going to help you meet your long-term goals.
We recommend meeting quarterly to address more minor issues.
Step Four
Make sure that your team is taking the time to update one another on significant changes every year. Keep your quarterly reviews and tack on an annual meeting to look at the greater scope of what your organization wants to accomplish. In some cases, you may take another look at the mission and value statements that you made earlier during this meeting. This is the time to make any more extensive changes that may help the organization refine its strategy.
Going through the strategic planning process steps is not easy. It involves juggling many things at once. This can mean some things to get lost in the shuffle, take your planning slow, and make sure Robinson Ventures is there to help your journey start and end with satisfaction!
