This is where we make sure that the real work gets done.
Step Three is all about implementation and measurement.
• Link strategy to execution.
• Bring visibility to and create communication about new habits.
• Identify key metrics to be tracked.
• Review timelines and report exceptions.
• Adjust & adapt the plan.
• Communicate regularly & ask why.
• Implement the next level of discipline.
So how do you know if you’re making progress on the game-changing initiatives that will take your business to the next level?
Often, once a small business makes a plan the chaos of everything around it gradually erodes those plans. Studies indicate that up to 90% of plans fail due to lack of execution, and that 85% of leadership teams spend less than one hour per month discussing strategy!
CG one’s Measuring Results phase includes on-going monthly business plan reviews with you and your management team to keep you focused on the plan and motivated to lead the team through implementation. This is critical because people will willingly move in the direction their leader is walking, not pointing.
Through the use of the One Page Business Plan® framework, I include your entire team in monthly scorecard and progress reporting which ensure consistent measurement of results and data that will empower you and your management team to focus your monthly discussions on the “why” of what’s happening instead of wasting time reporting “what” is happening.
As Michael Porter said, “strategy demands discipline and continuity; its enemies are distraction and compromise.” By monitoring and measuring results on a regular basis, obstacles to the implementation of the plan can be identified and solved before they can sabotage the entire effort.
Learn more in the quick video below.