How has your business shifted since the last time you wrote your strategic plan?
Our reader poll today asks: How has your business shifted since the last time you wrote your strategic plan? – Not at all: We’re right on plan: 6% – A little: The plan is mostly intact: 32% – A bunch: Parts have held but others haven’t: 32% – A ton: The strategic plan is out the window: 16% – What’s a strategic plan?: 13% No plan survives first contact. Almost half of you have had major shifts to your strategic plan. That’s not unheard of. Markets move quickly and plans are constructed in states of ambiguity. What’s most important is your ability to anticipate and react to those shifts. Invest time in conducting a strategic plan update to account for these changes. For the scary 13% who don’t have a strategic plan, insist on creating one. Don’t fall into a “budget +10% is our plan” trap. You can’t reach your destination if you don’t know where you’re going. A leader’s job is to define that path. Do you agree with these poll results? Let us know in the comments below! – Mike Figliuolo at thoughtLEADERS, LLC Did you enjoy this post? If so, I highly encourage you to take about 30 seconds to become a regular subscriber to this blog. It’s free, fun, practical, and only a few emails a week (I promise!). SIGN UP HERE to get the thoughtLEADERS blog conveniently delivered right to your inbox!
