Strategic Planning, Business Planning, Transformation Plan
What’s the difference? Which to use when?
You want to start your business
You’re bogged down in daily details and have lost sight of the big picture
You want to grow your business
Your market is changing, or your products are getting outdated
You need to improve productivity
You want to sell or otherwise exit your business, but your management team is reliant on your daily involvement
Statistics show that businesses that run from a written plan
are
30-50% more successful
than those that don't
Transformation Plan
It is estimated that 90% of organizations are not working from a plan.
- Most of these do not have a clear vision regarding the desired FUTURE STATE of the organization
- They are lacking a STRATEGY to achieve their objectives
- They don't have a detailed ACTION PLAN for executing those strategies, or
- They are struggling to effectively and consistently EXECUTE that action plan, hence the good intentions don't happen
If you want to START, GROW, prepare for EXIT, or otherwise CHANGE, or IMPROVE your business or organization, and you need help to do this in a structured manner, then you have come to the right place!
I will:
Help you develop a TRANSFORMATION PLAN
Help you set up a manageable ACTION PLAN
Support you and your team with EXECUTION of your Plan, and IMPLEMENTING the targeted Improvements
Facilitate quarterly and annual REVIEWS of your Plan
BUSINESS vs STRATEGIC vs
TRANSFORMATION Plan
What's the difference?
Business Plan
Generaly used by start-ups to obtain funding
Usually not an actve document - Passive
Strategic Plan
Often associated with expensive documents, created by large accounting firms
Often become "Strategic Plan On Top Shelf" (SPOTS) - Passive
Execution often lacks
Transformation Plan
Simple, internal document, no bells, no whistles
Includes Action Plans to achieve change
To be shared with the entire company
Designed to be executed - Active
Transformation Plan
Many Small-Business owners have no desire to spend days on an extensive plan.
I get that!
My preferred template is therefor the Transformation Map.
The T-Map provides a 1-page overview of your long term goals (BHAG), 2-5 year corporate goals, 1 year functional/department goals, high level strategies for each, and some priority actions.
The T-Map is ideal for sharing with your staff, so that all know what's going on, where the company is going (try sharing a 30-page Strategic Plan....), and thus, why they are being asked to participate in certain projects.
Transformation Plan: development and execution rhythm
It has been universally accepted that maintaining a fixed monthly - quarterly - annual rhythm is the most effective way to create sustained change.
Discovery Meeting (No Charge)
General get-to-know-eachother
Discuss your objectives
Agree on how we will collaborate
Develop your Transformation Plan
Critical thinking about your BHAG (Big Hairy Audacious Goals)
Define your 2-5 year corporate goals on the road to your BHAG
Define your 1-year goals for all functions in your organization
Define broad strategies to reach your 1-year goals
Start building an Action Plan, incl 3-month objectives (your "Rocks")
Monthly Task Review
Follow-up on your monthly progress, and adjust where needed
Define your next 1-month priorities and tasks
Quarterly Review
Review, celebrate your achievements
Define your next quarterly objectives
Annual Review
Review your Plan as a whole. Are we on track? Is your BHAG still valid?
Review, update your 2-5 year corporate goals
Develop new 1-year Goals
Update your Action Plan accordingly
For coaching options, please refer to the Coaching section