The process is more important than the plan
- The process of planning is more important than merely making a plan.
- Planning should be a regular ongoing process ; not a once-a-year-exercise.
- The process of planning is conceptually simple :
1 - Identify the information required for your plan
2 - Engage everyone in information collection
3 - Create successful strategies
4 - Constantly create new strategies in light of new information
5 - Do it frequently.
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Constantly monitor business conditions to detect changes in :
1 - Market and industry trends
2 - Company strenghts and weaknessess
3 - The competitive environment
4 - Opportunities.
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Constantly coach the team on how to collect and analyze useful information and to formulate strategies and goals.
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Don't be afraid to experiment with new ideas and strategies. Actively manage the activity and the costs. Understand the risks and rewards.
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Start doing it now !
Source : 6 Habits of Highly successful Managers, Cioffi and Willig, Advantage quest publications
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