By Mike Loughrin, CEO of Transformance Advisors
This is the fourth article in our series on strategy execution.
Click here to start at the beginning.
Milestones
For many organizations, there are six milestones for launching strategic initiatives.
In this article, we will look at the third milestone.
Prepare Leadership Team
Your leadership team needs to assess the information collected during the survey stakeholder step and prepare for a planning retreat where they can discuss, debate, and agree on a course of action.
You should track the progress of each member of the leadership team in terms of accomplishing each task.
The following example shows how to track each person and can also serve to create a little competition among the participants:
| Activity | Jose | Kate | Yueun | Ricardo | Mick | Wout |
|---|---|---|---|---|---|---|
| Complete Business Health Assessment | 1 | 1 | 1 | 1 | ||
| Complete Leadership Team Survey | 1 | 1 | 1 | 1 | 1 | |
| Complete Personal DISC Profile | 1 | 1 | 1 | |||
| Read External Trends | 1 | 1 | 1 | |||
| Read Porter’s What is Strategy? | 1 | 1 | 1 | |||
| Read Six Disciplines Execution Revolution | 1 | 1 | ||||
| Review Associate Survey Report | ||||||
| Review Benchmarking Report | ||||||
| Review Business Health Assessment | ||||||
| Review Leadership Team Survey | ||||||
| Review Leadership DISC Profiles | ||||||
| Review Competitive Analysis Report | ||||||
| Review Supplier and Partner Feedback | ||||||
| Review Customer Survey Results | ||||||
| Learn Strategy Software | 1 | 1 | 1 | 1 | 1 | |
| Review Current Vision, Mission, and Values | 1 | 1 | 1 | |||
| Review Strategic Position Statements | 1 | 1 | 1 | |||
| Percent Complete (% of items) | 28% | 39% | 33% | 11% | 39% | 22% |
The organization using the above example was able to get each member of the leadership team prepared and ready for the next step.
Milestone 3 is complete when:
- All members of the leadership team are at 100% in terms of getting prepared for the planning retreat
- All members of the leadership team are energized and can’t wait for the planning retreat to start
Mike Loughrin
Mike Loughrin is the CEO and Founder of Transformance Advisors. He also teaches for Louisiana State University Shreveport and is on the board of directors for the Association for Supply Chain Management Northern Colorado.
Mike brings exceptional experience in industry, consulting services, and education. Mike has helped organizations such as Levi Strauss, Warner Home Video, Lexmark, and Sweetheart Cup.
Keeping a commitment to a balanced life, Mike loves downhill skiing, bicycle rides, and hiking in the mountains. See one of his trails of the month at: Little Switzerland.
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