Mihai Ionescu’s Post

Few organizations are less effective than ones that try to implement a complex network of twenty or more simultaneous "strategic" plans (often one per business unit, management function or practice area). Always remember: strategy does not equal operational plan, action plan or functional goals. #strategicplanning

🚀 10 Steps to Build a Strategic Plan 🚀 Continuing my series about strategic plans, these are the steps I follow for myself and my clients. 1️⃣ Get Ready for Success 🌟 - Prepare for your strategy day: outline what you need and establish ground rules. 2️⃣ Define Your Ideal Client 👥 - Understand what they truly desire. 3️⃣ Celebrate and Learn 🎉 - Reflect on the past 12 months, celebrate successes, and learn from setbacks. 4️⃣ Purpose & Core Values 💡 - Revisit or define your company's mission and the culture you aspire to cultivate. Why does your business exist beyond making a profit? 5️⃣ Vision & BHAG 🌈 - Envision your business's future in 10/20 years and define your Big Hairy Audacious Goal. 6️⃣ Goals Setting 🎯 - Map out your Medium (3-5 years) and Short term (1 year) objectives to shape the LIFE and business you desire. 7️⃣ Key Challenges 🔍 - Identify major challenges for the year ahead in sales &  marketing, operations & quality, and internal resources - financial & commercial governance, people, systems and technology.  Use tools such as SWOT analysis. 8️⃣ Strategic Activities & KPIs 📊 - Outline key strategic activities to overcome challenges and assign KPIs to track progress. 9️⃣ Key Milestones 🏔️ - Focus on up to 3 significant goals for every 90 days. Jot down all ideas and actions needed to achieve them. 🔟Weekly Diary for Success 📓 - Allocate these actions to your diary to work towards your Big Rocks.  Prioritise these actions as they are your fastest route to success. Going through this process makes a massive difference to the Clarity you have in your business, and the peace of mind! All the best! #strategy #plan #construction #outsourcedfd #virtualfd #strategicplan #managementaccounts #livenow

Good overview by HBR: “Few companies have a clear idea of where strategy making ends and execution begins. As a result they develop strategic plans where they’re not required and fail to develop strategic plans where they are. “

Many organizations blur the lines between strategy and execution while missing the bigger picture. Positioning = strategy, Action = execution. This article is a good reminder on how to keep this in mind when developing "strategic plans." Shift your perspective and transform your approach to strategy - if you want assistance, reach out for a conversation.

How UNIQUE is your strategy? A brilliant way to answer this question is to rank your strategy according to the Five Levels of Uniqueness (Credits: Jeroen Kraaijenbrink). We recommend you follow Jeroen as he shares lots of insightful content about strategy, strategy execution and more. This concept provides a framework for understanding the degree to which a strategy or offering is distinct within its context: 🔹Level 1: Unique to the Organization: Internal novelty without external differentiation. 🔹Level 2: Unique to the Region: Local differentiation, ignoring other markets. 🔹Level 3: Unique to the Market: Tailored for a specific market segment. 🔹Level 4: Unique to the Industry: Stands out within the industry. 🔹Level 5: Unique to the World: Offers unparalleled global solutions. Each level has its merits depending on the organization's goals and scope. How does YOUR strategy rank on the uniqueness scale? 🚀 #strategy #startegymanagement #startegyexecution

Playing To Win is one of my favourite books on corporate strategy. Written by AG Lafley, ex-CEO of P&G and Roger Martin, his consulting sidekick, They describe strategy as a cascading set of choices that all inter-relate: ➡ What is our winning aspiration? ➡ Where to play? ➡ How to win? ➡ What capabilities must be in place? ➡ What management systems are required? Swipe through this carousel for a few other concepts from the book. Choosing where to play (and where not to play) is a challenging decision. Deciding to focus on specific geographies, customer segments, or areas of the value chain means saying no to others - and that is where success lies.

This is a great chart. So many organizations once they start to gain momentum can't regulate the "entrepreneur spirit" that they started with. This leads to mismanagement of resources, spreading themselves too thin, and could lead to their demise. This is a primary reason why strategy and tactical approaches to opportunities are so critical. Sometimes leaders need a point of view from someone who's been there and can help navigate. #Strategy #longterm #focus #business

Elevate Your Corporate Strategy Game Mastering the art of crafting winning strategies requires a framework that sharpens your strategic thinking. At the heart of Corporate Strategy lies the essence of decision-making, distilled into two pivotal questions: 1. Which businesses do we want to be active in? 2. How do we want to manage these businesses? Ensure that your corporate strategy is a robust response to these defining questions. Hi 👋 I’m Marc Sniukas. I equip ambitious CEOs and their teams to design and activate winning strategies fast and pragmatically, using proven systems without the BS of old-school approaches. DM me to learn more.

Successfully implementing your strategic plan is a journey—complicated but rewarding. If executed diligently, the benefits will far outweigh the costs, propelling your company to the success it deserves. Here are key insights into ensuring the successful implementation of your company's strategic plan. Read about these crucial steps 👉 https://lnkd.in/e8ViDn4K #StrategicPlanning #BusinessSuccess #TeamAlignment #LeadershipMindset

Harvard Business Review emphasizes the importance of simplicity in strategy, highlighting that overly complex strategies often hinder execution in this article by Graham Kenny. By focusing on clear, concise goals and priorities, businesses can align teams more effectively and foster adaptability in changing environments. For more on streamlining business strategy, read the full article here: