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5 Tactics Turning Strategic Plans Into Actionable Results
- Strategic plans need proper execution to increase the chance of success with many making the mistake of attempting too much.
- Five critical attributes to help turn a plan into actionable results include stakeholder-centered, radically prioritized, de-biased, over-communicated, and risk-mitigated plans.
- Stakeholder engagement is key as it helps to reduce the likelihood of conflicts and builds trust.
- By prioritizing well and focusing on the few actions that deliver the most impact, resources allocation and progress can be monitored effectively.
- Plans must be based on insights and subcontracted tools, such as market analysis and data analytics, to eliminate the influence of bias on judgment. This ensures the strategy is built on reality, improving chances of success.
- To ensure everyone is aligned, the plan must be communicated repeatedly to all members of the organization. This helps to engage employees and create momentum across the company.
- Successful plans must identify and address potential risks by building contingency plans, thus adapting quickly when things don’t go as expected.
- By focusing on the critical attributes of a plan, leaders can bridge the gap between ideas and action, driving meaningful outcomes that fuel the growth and success of a business.
- Companies that succeed in executing their plans align with stakeholders, prioritize ruthlessly, remove bias, communicate effectively, and manage risk proactively, ensuring the value of their execution efforts.
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