Strategic organizations are serious about organizational effectiveness and excellence. To achieve this, organizations need a strong organizational design that informs their strategic plan.
STEP 1: CLARIFY MISSION, VISION & VALUES
Organizational mission, vision, and values are important aspirational components that create meaning and purpose for stakeholders. Strategy is maximized when it involves aspirational components that touch the emotions of all stakeholders involved: employees, current and future clients and customers, and the general public. Source: Becoming a Strategic Leader by Richard Hughes, Katherine Beatty, and David Dinwoodie.
STEP 2: ASSESS INTERNAL & EXTERNAL ENVIRONMENT
Knowing what is happening within and without the organization forms the starting point for determining the best strategies for the organization. Every organization needs to be aware of its internal strengths and weaknesses and its external opportunities and strengths. This information helps to ensure that strategies and tasks align with the organization’s goals.
STEP 3: CREATE BUSINESS STRATEGY
Strategy is the operationalization of the organization’s goals of efficiency and/or effectiveness. Wherein efficiency goals focus on INPUTS, use of resources, and costs, effectiveness goals focus on OUTPUTS, products or services, costs, etc. Source: Organizational Design by Richard Burton, Borge Obel, and Dorthe Hakonsson.
Having a leadership development and talent sustainability plan are key components of a business strategy’s efficiency goals.
Optimum Leadership and Professional Development Solutions is here to help you with your leadership development and talent sustainability plan. Complete the training needs assessment form below to get started!