Tag Archives: strategic planning

Where to find your county’s real strategic plan.

Many local governments go through the strategic planning process and set goals for the coming year or for the current administration. unfortunately, most do not. Nevertheless, the county or municipality has gone through another process that results in the listing of priorities of the administration. It is known as the budgeting process. And that’s where the county or local governments priorities can be found – in the budget.

Local store closures reveal need for strategic planning.

(May 18, 2011)  Those of us in the strategic planning business regularly point out that one of the better reasons to do strategic planning at least every three years is that the ever-changing environment can fundamentally affect businesses or organizations.  That point was illustrated clearly with one closure and one announced closure of two businesses in my neighborhood shopping center.  The local Blockbuster video store closed its doors about a month ago, and now BeBop Record Shop has announced that it will be closing May 28.

Blockbuster was affected by online movie rentals and Netflix.  Interestingly, Blockbuster put the local Mom and Pop video rental stores out of business. Mom and Pop could not keep up with Blockbuster, and it seems that Blockbuster could not keep up with Netflix.  Keeping up with technology was also a factor in the coming demise of BeBop Record Shop, which name says it all.

These are examples of a technology change in the environment.  Many other changes – consumer tastes and legal issues, for example – in the environment can cause a business to go out of business if it does not keep up.

Ahh, the management of change.

Why Strategic Plans Fail

I’ve seen research reports that put the failure rate of strategic plans as high as 80 percent and as low as 30 percent.  How can there be such a wide difference?  Well, the discrepancy in those rates is easily understandable when one looks behind the numbers.  It’s not that the researchers looked at the same data and came up with different conclusions.  It’s more about who was was surveyed and how the survey was conducted.

One recent survey “of 163 executives” reported that the respondents said that 82 percent of strategic plan failure was preventable and offered the following reasons for why strategic plans fail:

1.  Failure of unforseen external circumstance (24%);

2.  lack of understanding among those in developing the strategy and what they need to do to make it successful (19%);

3.  the strategy itself is flawed (18%);

4.  poor match between the strategy and core competencies of the organization (16%); and

5.  lack of accountability or holding the team responsible (13%).

This particular study was reported in the Forbes Insight series and can be accessed by clicking here.  It should be noted that you will be required to register to see the study.

If you’re going to have a blog…

… it might be a good idea to post something at least once a week.

Being in the strategic planning facilitation business (among others), an ad in FAST COMPANY for a business planning company caught my eye.  I went to the Web site and checked out their products and
services.  Upon clicking onto BLOG I was taken to a blog section in which the last post was September 2007.  I assume that the company is still in business.