Tips for Launching a Strategy Initiative

Home Leadership Tips from Linda Tips for Launching a Strategy Initiative

Have the right people in the room. In general, only the senior leadership team of the company or division should be involved in the strategy session.
Create or revisit the company’s mission, vision, and values.
Analyze the current situation and allocation of resources. Do a SWOT analysis and examine how tactics support the current strategy.
Discuss the driving forces of the organization, customer feedback, and other information that is relevant to setting goals.
Based on the analysis of the current situation and all available data, set the year’s strategic objectives. Make sure they align with the three and five year plans.
Prioritize the objectives.
Identify the core competencies that will be required to support the strategy.
Define performance measures. How will you know when you have realized a strategic objectives? What measures will you use?
Set time lines and deadlines for each initiative.
Assign areas of accountability for strategy deployment.