Too many businesses invest time and effort creating a business plan then leave it on a shelf gathering dust. Why? Because this is the most difficult part – it means turning words into actions. To achieve this, prioritise the activities & projects, allocate resources to them, start actioning them and measure progress.
Identifying the key activities and ensuring that people are motivated to take the actions and to make the changes required to successfully implement these activities are critical to the successful implementation your strategic business plan.
Effective Approach to Implementing Your Business Plan
Our approach to implementing your business plan provides a robust framework for the effective management of each of these factors against your strategic plan.
PEOPLE Enabling people to gain an insight into the views of others helps to build consensus and leads to the creation of a shared vision which can be a strong catalyst for change within your organisation.
PLAN By capturing the chain the of ‘thinking’ that takes place during the evaluation and planning phases, we can help you to develop an understanding of how actions link to options, issues and expected outcomes. This enables us to crease a robust fully integrated business plan for the development of your business.
EXECUTE Identifying the key activities and ensuring that people are motivated to take the actions and to make the changes required to successfully implement these activities are critical to the successful implementation your strategic business plan.
REVIEW Understanding what progress you have made in relation to achieving your goals is critical to the long-term success of your business plan and strategy. It is, therefore, important to measure and review the key drivers of future performance against your plan on a regular basis.
ADJUST The review process will help you to identify any issues and rectify them as early as possible. Making adjustments to your plan as you implement it will help to ensure your organisation stays on track to achieve its goals.
Successfully Implementing a Business Plan
Stay on Track
Everyone in the organisation needs to play their part if the organisation is to achieve its goals and vision. This means that they need to be accountable for implementing the activities from the business plan that have been assigned to them. This includes the person in charge, which can be a challenge. Our ‘stay on track’ service provides a degree of accountability to the senior people in the organisation. It also provides an impartial assessment of the strategy implementation process.
The implementation of a strategic/business plan can seem daunting to everyone in the organisation, even those who have been involved in the strategy creation process. It can help to think of a business plan as a number different, but interlinked, projects. Project management is, therefore, a critical part of the successful implementation of a business plan. This involves identifying and prioritising the relevant activities, allocating appropriate resources, taking action and monitoring progress.
Measurement & Review
Our strategy creation process creates a causal map which links activities to outcomes, showing how the organisation intends to move from where it is to where you want it to be. Consequently, we understand the relationships between key actions and their expected outcomes. This enables us to create a sophisticated measurement system to monitor the progress of the plan against targets. We are effectively creating an early warning system which allows corrective action to be taken quickly.