Planning matters and is an integral part of every organization: plan without action is a dream-action without plan is a nightmare. Strategic Planning sets out a direction while taking into account BSC (Balanced Score Card), Sustainability and Engagement elements: Operational Planning is about what to do and Project Management is focuses on how to do it.
In a nutshell, Project Management is a temporary endeavor undertaken to create a unique product, service or result having a life with the following phases; Initiating, Planning, Executing, Monitoring and Closing. We all agree that prudent planning saves time, provides a roadmap and focuses your attention and the attention of all those involved, providing you engage them ,on the outcomes. Therefore, planning is everything!
Strategy Execution (SE) can be describes as ” getting your strategy done “or “successful implementation of a strategic plan”. While these terms are helpful in understanding what strategic execution is all about, it is not helpful in understanding what needs to be done to actually drive business results. In short and most simplistic terms, strategy execution is composed of a number of steps which will guide management to a successful outcome. JVS Consultants compiled just a few crucial steps to successful Strategy Execution efforts:
- Visualizing the strategy
- Measuring the strategy
- Reporting on progress
- Making the right decisions
- Communicating effectively-as is the case in any planning efforts
- Rewarding the progress
Three Underlying Pillars of Good Planning
- Balanced Scorecard: Finances ,Customer, Internal Operating Processes & Learning and Development
- Sustainability: Can we make it last the way we want to well into the future
- Engagement: Can we get the necessary support we need
Strategic Planning – Operational Planning – Project Management – Strategy Execution