by Richard Martin
Back in January I listed the actions and milestones for improving readiness over the course of the year. Here is what I highlighted for Q1:
- January: Review the previous year’s results and compare them to what had been anticipated and planned. Prepare for the annual strategy and forecasting retreat.
- February-March: Conduct the annual strategy and forecasting retreat. The aim is to confirm the current year’s plans, develop guidance for planning the next year (starting in 9-10 months’ time), and develop outline forecasts and plans for the following one or two years after next.
Well, we’re over half way through Q1. Have you been progressing in conducting these reviews, forecasts and plans? Have you planned your annual strategy and forecasting retreat? Do you know who will be involved? Do you have an overarching goal and intent for this year and next?
Despite what many people say and believe, this doesn’t have to be a lengthy process. You need up-to-date financials and data and one day to conduct the retreat. If you’re disciplined about it, you will end the day with a unified understanding of your situation, the overarching vision (which is nothing more than your strategic goal), the organization’s mission, and the main and supporting thrusts and priorities to achieve this strategy, including positioning and differentiation and enabling capabilities.
I can help you with all of this. Call me for a Strategic Readiness Briefing now and we can discuss how to proceed quickly and efficiently.
Remember Richard’s Business Readiness Process in 2017!
- Ensure vigilance through situational awareness.
- Do preliminary assessment of tasks and time.
- Activate organization or team.
- Conduct reconnaissance.
- Do detailed situational estimate.
- Conduct wargame and decide on optimal course(s) of action.
- Perform risk management and contingency planning.
- Communicate plan and issue direction.
- Build organizational robustness.
- Ensure operational continuity.
- Lead and control execution.
- Assess performance.
Did you know that an infantry battalion only needs about 3 to 4 hours of prep and planning time to be battle ready? What are you waiting for to get the same benefits for your outfit?
Feel free to contact me at any time to discuss your objectives and needs.
And remember… STAND TO!!!
My name is Richard Martin and I’m an expert on applying readiness principles to position companies and leaders to grow and thrive by shaping and exploiting change and opportunity, instead of just passively succumbing to uncertainty and risk.
© 2017 Alcera Consulting Inc. This article may be used for non-commercial use with proper attribution.