It’s annual planning time again!
Unfortunately, most annual plans are ignored or discarded almost as soon as they are done.
Why is that?
1/
Unfortunately, most annual plans are ignored or discarded almost as soon as they are done.
Why is that?
1/
The process companies use for planning is flawed. By creating plans by committee, you ensure the most uncontroversial, boring plan possible.
No innovation, no ambition.
2/
No innovation, no ambition.
2/
All of the best ideas don’t even make it into the planning process for fear of being shot down! Those are the ideas you need to win in your market.
There is a better way…
3/
There is a better way…
3/
First, start with your goals. Pick more than one but less than three as the North Star guide your planning.
Build goals both forwards AND backwards to balance ambition and pragmatism.
4/
Build goals both forwards AND backwards to balance ambition and pragmatism.
4/
Next, split up your team and have them build plans to achieve those goals independently. Coordination kills innovative ideas, so let the plans develop in isolation.
5/
5/
Now you have a pile of incompatible plans, but a ton of great ideas! Sift through them and choose the ones you want to create a reconciled, master plan.
It takes time but the end result is much better.
6/
It takes time but the end result is much better.
6/
Everyone participates in the planning process and with all ideas considered, everyone is invested in the final plan. It’s a very different process, but simple and highly effective.
7/
7/
More detail and a clear process to follow in the latest issue of The Breaking Point!
#startup #Planning #strategy #Leadership
breakingpoint.substack.com/p/annual-plann…
#startup #Planning #strategy #Leadership
breakingpoint.substack.com/p/annual-plann…
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