HighPoint Associates’ Post

Hypergrowth (rapid growth in a business unit or overall firm) sounds like a high class problem. Yet hypergrowth creates a myriad of issues if not managed well. See what my colleague Raaj Chitaley writes about resourcing, stage gates, pre-mortems, and communications.   #Strategy #Hypergrowth #ResourceManagement #SustainableGrowth

Great article from Raaj Chitaley focused on the challenges of rapid growth but some good thoughts in here that apply to strategic planning processes more generally. Worth a read.

Did you know that only 45% of executives are satisfied with their strategic planning process? One of the main reasons plans fail is because there’s no path to execute it. More than a quarter of McKinsey & Company survey participants reported that they had no execution path. “An effective system enables management to step in and correct, redirect, or even abandon an initiative that is failing to perform as expected”. Luckily we have a few tricks up our sleeve to help get out of the majority! Want to get started on creating your most effective system? Reach out today at www.pliantsolutions.com, or follow us on LinkedIn. https://lnkd.in/gBDiAkdv #StartAnEvolution #strategicplanning #business

Here are the skills of an operations manager and how to be effective? 🧠 ✅Content created by McKinsey's unique organisation #businessautomation #operationsmanagement #processdevelopment #problemsolving

🌟 Embracing Disruption: Unveiling the Power of Strategic Planning 🌟 In today's dynamic landscape, strategic planning emerges as the ultimate compass, guiding enterprises through disruptive storms. Dive into these compelling statistics that shed light on the pivotal role of strategic planning: Resilience Amplified: Organisations equipped with robust strategic plans are 1.5 times more likely to weather disruptions and emerge stronger. Innovation Catalyst: A staggering 85% of top-performing businesses credit strategic planning as the driving force behind their innovative leaps during turbulent times. Competitive Edge: Companies that integrate strategic planning into their core processes experience a 72% increase in their competitive advantage over rivals. Adaptation Mastery: Amidst disruption, 9 out of 10 companies that effectively navigate change attribute their success to a well-crafted strategic plan. Growth Accelerator: An astounding 68% of high-growth enterprises attribute their rapid expansion to the foresight and adaptability offered by strategic planning. #gartner #strategicplanning https://lnkd.in/gGFbGts6

"Effective organizational responses hinge on robust IT strategic planning. Maintaining a formally updated plan is pivotal for businesses to navigate evolving landscapes and swiftly adapt to changing dynamics." – Waynelle John Learn more: https://lnkd.in/e_cX6pDd #strategy #digitalbusinesstransformation #it

Lack of strategic planning results in a reactive environment unable to cope with challenges and spot emerging opportunities. Insignificant change often results that can make it difficult for organizations to change technologically. Avasant #itstrategy #strategicplanning

Crafting a Roadmap to Success: The Power of Strategic Planning At its core, strategic planning is about charting a course for the future by setting clear objectives, identifying potential obstacles, and devising actionable strategies to achieve organizational goals. It's a process that demands foresight, analysis, and adaptability, serving as a compass that guides decision-making and resource allocation. One of the key benefits of strategic planning lies in its ability to foster alignment and cohesion within an organization. By involving stakeholders from across departments and levels of hierarchy, strategic planning ensures that everyone is on the same page regarding the organization's mission, vision, and priorities. This alignment not only enhances collaboration but also empowers employees to make informed decisions that contribute to the overall strategic direction. Moreover, strategic planning enables businesses to anticipate and respond to changes in the external environment, whether it be market trends, regulatory shifts, or technological advancements. By conducting thorough environmental scans and scenario analyses, organizations can proactively identify risks and opportunities, enabling them to stay ahead of the curve and remain competitive in their respective industries. Furthermore, strategic planning provides a framework for resource allocation, helping businesses optimize their investments and prioritize initiatives that yield the highest returns. Whether it's allocating funds for research and development, expanding into new markets, or investing in talent development, strategic planning ensures that resources are allocated judiciously to support the organization's long-term objectives. However, strategic planning is not a one-time event; it's an ongoing process that requires continuous monitoring, evaluation, and adaptation. In today's dynamic business environment, what worked yesterday may not work tomorrow, necessitating agility and flexibility in strategic execution. By regularly reviewing performance metrics, soliciting feedback, and adjusting strategies as needed, organizations can ensure that their strategic plans remain relevant and effective in the face of evolving challenges and opportunities. In conclusion, strategic planning is not just a luxury for businesses; it's a necessity for survival and success in today's competitive landscape. By embracing strategic planning as a fundamental tool for decision-making and organizational development, businesses can chart a course for long-term prosperity and resilience. As a business consultant, I'm committed to helping organizations harness the power of strategic planning to unlock their full potential and achieve their loftiest aspirations. Let's embark on this journey together and pave the way to a brighter future. 📧 Kaybusinessconsulting@gmail.com #StrategicPlanning #BusinessConsulting #SuccessStrategy

🕒 Deliberate vs. Time-Sensitive Planning: Navigating the Terrain of Business Strategy ⏳ Two distinct approaches reign supreme in strategic planning: deliberate and time-sensitive planning. Understanding the nuances between these methodologies is essential for organizations striving for success in today's fast-paced environment. Let's explore their similarities, differences, and when each should be employed. 🌟 Deliberate Planning: This method emphasizes thorough analysis, comprehensive risk assessment, and long-term vision. Organizations employing deliberate planning invest ample time gathering data, conducting market research, and forecasting trends. According to research by the Journal of Management Studies, deliberate planning leads to a 25% increase in strategic alignment and clarity. 🔍 Time-Sensitive Planning: In contrast, time-sensitive planning prioritizes speed, adaptability, and responsiveness to rapidly changing market conditions. This approach thrives in dynamic environments where agility and quick decision-making are paramount. A study by Harvard Business Review suggests that companies leveraging time-sensitive planning achieve a 20% faster time-to-market for new products. 🤔 When to Employ Each: The choice between deliberate and time-sensitive planning hinges on the nature of the business environment and the objectives at hand. Deliberate planning is ideal for stable markets with predictable trends and long-term strategic goals. On the other hand, time-sensitive planning is best suited for volatile markets, emerging opportunities, and situations requiring rapid adaptation. 📈 Balancing Act: While deliberate and time-sensitive planning may seem opposed, the most successful organizations strike a balance between the two. They leverage deliberate planning to establish a solid foundation of strategic direction and use time-sensitive planning to seize fleeting opportunities and navigate uncertainties. McKinsey's research indicates that companies adopting a hybrid approach witness a 30% increase in overall performance. In the ever-evolving business strategy landscape, deliberate and time-sensitive planning has its place. Organizations can chart a course for sustainable growth and competitive advantage in any environment by understanding their intricacies and knowing when to employ each. #StrategicPlanning #BusinessStrategy #AgilePlanning #MarketAnalysis #DecisionMaking #Adaptability

✅ Where and how should businesses start strategizing? At the beginning of each year, most companies start implementing plans formulated during the strategic planning phase. However, it's also a fresh start when certain things are reset, or one may ponder, "How should things be done correctly?" This week, I've chosen a topic closely related to this: "How and Where to Begin Strategic Planning?" Many of our clients approach us with the request: "We want to develop a company strategy, but we don't understand how to start this process..." I'd like to share a few cases from our introductory calls with clients: 📍Case 1: "Every year we exceed our performance indicators several times, but our team has lost motivation. We fear it will affect future results." ❌It's a mistake to think that developing a strategy is only about making decisions about setting quantitative indicators and creating a plan to achieve them. After several years of the same procedures, teams ask: "Why are we doing this? What is the purpose of our company's existence? Am I contributing to something bigger than just implementing quantitative metrics?" 📍Case 2: "We haven't achieved any of our goals this year. We don't understand why. We have a mission, we have great values. We have a motivated team. Our values include mutual support, respect, and environmental friendliness in communication." ❌Sometimes, a company has a clear mission and a set of values but fails to reach planned goals. Values reflect the behavioral model within the company. If you look closely, among the company's values mentioned above are mutual support, mutual respect, etc., but none of them describe goal achievement, proactivity, purposefulness, and efficiency. The team is cohesive, but the business isn't thriving. 💭What advice would you give for Case 1 and Case 2? Tomorrow, I'll present two more cases, but for now, I invite you to reflect and look at your strategic planning process from an outsider's perspective.