Making Strategy Work: A Structured, Staffed, & Budgeted Approach – The OPEN MINDS Management Newsletter, August 2021
—
Our team at OPEN MINDS has developed a five-step iterative process to guide strategy implementation—The OPEN MINDS Five-Step Cycle For Strategy Implementation. This framework includes quantification of performance expectations and tasks, integrating plan implementation into budgets and operating plans, getting buy-in, and adjusting the plan over time based on actual performance. Our team of advisors offer step-by-step processes for each of the elements.
OPEN MINDS Senior Associate Carol Clayton explains how to translate strategic plan objectives into actionable tactics and performance metrics. OPEN MINDS Senior Associate Joe Naughton-Travers outlines the framework and process to develop tactical workplans to drive implementation of the strategic plan. How to integrate your strategic plan into your budgeting process and operating plans is covered by OPEN MINDS Senior Associate Raymond Wolfe.The challenges of C-Suite engagement and sharing strategic visions across the organization is the focus of OPEN MINDS Executive Vice President Kimberly Bond. And OPEN MINDS Senior Associate Ken Carr explains how to adjust and course correct when the implementation does not go as planned.