Special Report - How to Get Everyone on the Same Page
In todays transformational times, technology is driving business process transformation in ways it never has in the past -- in ways that are faster and more dynamic than anything weve witnessed previously. Technology can provide options and capabilities that most executives may never have considered simply because they dont know whats possible. This is why active input from the CIO is increasingly more important; the CIO knows whats possible technologically. Technology is a key enabler of strategy. Typically, once executives know what their top five strategic imperatives are, they then look at what technologies will enable those imperatives in the most cost effective, efficient, and game-changing way possible.
If you simply ask people what they want and then you give it to them, youll undershoot because people will under-ask. They dont know whats possible. In that same way, the strategic planning committee will undershoot identifying strategic imperatives because they dont know what is technologically possible. And today, there are new things that are technologically possible every day.
Beyond the numbers
Most organizations have strategic plans that are really financial plans in disguise. And the larger the organization, the more true this statement is. In other words, the goals of the strategic plan are monetary goals. Having goals related to profits is fine, but thats only one element of a strategic plan. You also need a plan for what youre doing to de-commoditize your commodities -- those products and services with increasingly thinner margins and greater competition. You need a plan that outlines what youre going to do to differentiate yourself from your competitors. You need a plan that details your innovation strategies for creating new products and services that drive new markets. Those key elements are often missing in a financially focused strategic plan.
So, yes, financial planning is a vital component of strategic planning; it helps your company reach your financial goals. But true and thorough strategic planning also looks at how you gain new competitive advantages and other broader concepts that can accelerate growth beyond the target numbers of a financially focused plan. Dynamic strategic planning needs to be a mix of financial planning (strategies to reach financial goals), strategy focused planning (strategies to create sustainable competitive advantage), long-range planning (using research to determine future positions), and tactical planning (to determine your execution strategies).
An old saying tells us, Failing to plan is planning to fail. That saying has never been truer for companies than today, which is why having a strategic plan is so essential. But just having an annual strategic planning process that creates a fixed, static plan is no longer enough. Today, its important to build change into the plan and have the ability to adapt it in real-time because the world and markets are changing so quickly. In other words, its time for companies to do some dynamic planning.
Dynamic vs. static planning
These days, a traditional static plan is becoming less desirable and less effective, and a dynamic plan is becoming more relevant and imperative. Whats the difference? A static plan is a document that is published, shared with key employees, and then put in a filing cabinet. In contrast, a dynamic plan goes beyond one-way informing and also communicates the plan in a two-way, on-going dialog to everyone in the enterprise. A version is also shared with strategic partners. Its a living, breathing, and evolving entity that everyone engages in and supports. Think of it like this:
- A dynamic strategic plan communicates rather than informs. Its a two-way dialogue between the company leaders and the employees.
- A dynamic strategic plan reaches beyond the company walls and goes out to strategic partners. After all, how are your strategic partners going to help you if they dont know what youre trying to do?
- A dynamic strategic plan evolves. It elicits dialogue and input from others. It can be continually refined and improved. This is in contrast to a static strategic plan, which is sent out to employees with the expectation that theyll adapt to the plan rather than the plan adapting to them and the market.
Why are these three points so important? Because with a typical static strategic plan, people may not have time to read the plan, they may not agree with the plan, and they may not take action on it. In addition, they may find major flaws in the plan but have no means to provide risk-free feedback regarding their concerns.However, with a dynamic strategic plan, youre communicating with people and you get feedback. Youre not telling people the plan after the fact. Rather, youre showing them the plan and asking for their help with identifying potential challenges. The goal is to solve the problems before they occur.
Following are some additional hallmarks of a dynamic strategic plan:
Break it down. Remember that big lists rarely get done. Therefore, its important to highlight and break down the plan into its elemental strategic imperatives. And if you have more than five, you have too many. The magic number is three.
Why break a long plan down into basic elements? Because you want everyone in the organization to know the basic elements. If they dont know them, you wont accomplish them. If people have to look them up, they wont. However, if its broken down into short elements, itll stay top of mind.
When its top of mind every day, people will know what the strategic imperatives are and will be more likely to attain them. Having the plan broken down into its basic elements is like having a guide that leads your organization to the future.
Tell stories. Bring the words of your companys strategic plan to life by turning it into story form so that it becomes visual for people. Have the plan paint a picture in every employees minds eye so they can see what this plan will do and where the company is going.
Visuals are powerful. If youve never seen what E=MC2 means (the visual of it) then you still dont understand Einsteins theory of relativity. However, those who see it in a visual story format understand it, i.e., an atom bomb going off.
For many organizations, a strategic plan can be complex and often just as hard to understand as the theory of relativity. Therefore, take the complexity in your plan and simplify it; boil it down to what it means to the employees and the company, and help everyone see it in their minds eye. Some companies have gone as far as hiring a graphic artist to paint a mural that depicts the plan. They put the mural in the lunchroom or in the entryway to the building. It becomes a visual that depicts the plan, including the outcome. Talk about getting a story ingrained in peoples minds!
Go multimedia. While your dynamic strategic plan could be a document, it could also be a video that people watch; and it could be an audio they listen to; and it could be a picture they look at; ... and it could be any combination of these things.
Remember that people learn in different ways. Some people prefer to read a book, while others prefer to listen to a book in audio form. The people who prefer to read the book wonder why anyone would listen to a book. And those who prefer to listen to a book wonder why anyone would purchase a printed book.
Since we all learn in different ways, it only makes sense to put the strategic plan out in various formats. If you put the strategic plan out in one format, then youre only engaging one learning style within an organization that has multiple styles. In fact, in a world where multimedia is easy and the tools are relatively free, theres no excuse for not getting the strategic plan in multiple formats.
Get social. Social media is an ideal way to make a strategic plan dynamic. There are internal secure versions of various social media platforms, such as Twitter and Facebook. Simply do a Google search to find them. The key word to remember is social. Its about creating engagement and involvement. For example, as employees execute the plan, you can be tweeting success stories, accomplishments, and roadblocks -- all in an effort to gain feedback and ideas. Additionally, you can be using online collaborative tools to work with the different groups that are executing the plan so everyone can see where the other parties are in need of help. Unfortunately, most organizations still have silos and fiefdoms. A dynamic strategic plan tends to break them down and get everyone headed in the same direction.
How do you enact all these points? With technology. Dynamic strategic planning such as this is enabled by technology. Thats where the CIO should be helping to drive the ideas and push them in the organization to the highest level.
The bottom line is that truly successful and innovative companies will have a strategic plan that is in motion. Theyll have a dynamic document that can be added to, massaged, and refined with graphics, video, and audio, as needed. Theyll have an internal, multimedia website versus a static and informing one. In short, theyll have something thats dynamic and moving. Thats simply impossible to do without technology.Realize that the younger generations at work will read, respond to, and engage in a dynamic plan much more so than an old-fashioned static document. This is similar to what happened in many marketing departments. In the past, companies would blast their commercials to the masses in a one-way, static, informing way and hope that people reacted to it. But marketing is shifting with interactive media. Todays companies are trying harder to engage the customer and get them involved. In that same way, we need to engage our employees at all levels rather than just statically inform them. Fortunately, the tools to do so are there, and the CIO knows what they are.
But this isnt just about the younger workers who have shorter attention spans and who expect a dynamic strategic plan. The Baby Boomers and older workers running the companies are drowning in information yet searching for knowledge and wisdom. Most of them dont have time to read long and static strategic plans. They, too, need dynamic plans in order to cut through the clutter and become engaged. Because the CEO and other C-suite executives dont know whats possible, theyll never ask for a dynamic strategic plan. This task rests solely on the shoulders of the CIO.
With the rapid pace of change, the traditional static planning system is a dinosaur. Most people do it only because they have to. Now is the time to redefine what a strategic plan is -- for the organization, for the employees, and for the limitless opportunities such a plan affords everyone involved.
Daniel Burrus is considered one of the worlds leading technology forecasters and business strategists, and is the founder and CEO of Burrus Research, a research and consulting firm that monitors global advancements in technology driven trends to help clients better understand how technological, social and business forces are converging to create enormous, untapped opportunities. He is the author of six books, including The New York Times and The Wall Street Journal best seller Flash Foresight: How To See the Invisible and Do the Impossible as well as the highly acclaimed Technotrends.