Giving Strategic Planning a Boost

As we know, it is crucial for retailers of all sizes and types to have strong, forward-looking strategic plans to guide their efforts. As we also know, many retailers still need to step up their strategic planning efforts.
According to Les McKewon’s article for Inc., there are ten key questions to consider when seeking to jumpstart a strategy:
  1. “What is the one thing your organization was worst at this year? What single thing most needs to happen to fix it?”
  2. “What is the one thing your organization did best this year? What do you need to do to turn that success into a repeatable process?”
  3. “Which individual was most responsible for standing in the way of your organization’s success this year? What are you going to do about it?”
  4. “Which department, division, team, or function was most responsible for standing in the way of your organization’s success this year? What are you going to do about it?”
  5. “Which individual was most responsible for your organization’s success this year? What are you going to do about it?”
  6. “Which department, division, team or function was most responsible for your organization’s success this year? What are you going to do about it?”
  7. “What is the single metric or measurement you least liked hearing about this year? What will you do to prevent the same thing happening next year?”
  8. “What is the single metric you will measure your success by (not how anyone else will measure your success– how you will measure your own success). What are you doing about it?”
  9. “If you fired yourself today, and came back tomorrow as a new boss with a clean sheet, what would you do?”
  10. “If a perfect competitor opened up across the street from you tomorrow, what would they be like?”
Click McKeown’s photo to read more.

 

This entry was posted in Part 1: Overview/Planning, Part 2: Ownership, Strategy Mix, Online, Nontraditional, Part 8: Putting It All Together and tagged , , , , , . Bookmark the permalink.

One Response to Giving Strategic Planning a Boost

  1. Pingback: Giving Strategic Planning a Boost | Retailing |...

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