Strategic Planning (Part 4) – Target Client

May 7th, 2008 by Sean Burke

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Think Fast. Visualize your very best client. Got em?

Now jot down some specific things that make them the best or answer these questions:

  • What is their annual revenue?
  • What industry are they in?
  • Why are they so good? (is it because they pay on time, buy all of your services, understand your shortfalls, bring you to the table when making big decisions, etc.) Write as many of these down as you can
  • What is that client’s demographics/psychographics makes them so attractive?
  • Where are they located?
  • How many employees do they have?

Once you feel like you have a good working description save it. Come back a few days later and make sure that it still seems correct.

Next you will want to share it with your management team. We will talk about that next.

Strategic Planning (Part 3) – Building your Two Themes

May 7th, 2008 by Sean Burke

In my last post, I shared some examples of companies that established a strategy that was so clear, it could be recognized by sharing just two simple themes.

Now it is your turn. To create your first theme – write down the industry in which you compete. Think carefully about this to ensure that you accurately capture it. For example, if you a marketing company that designs web sites, handles SEO programs, designs logo’s, etc. – you could say that you are in the marketing services industry or the web advertising industry or the design industry. Whatever it is that you decide, make sure that the term/terms that you use describe the entire industry that you serve.

Next write down some words that describe how you are different than all of your competitors. Be very specific. If you provide superior quality – try to answer “how” you do that. If you are innovative – how do you innovate – through design, technology, products…again the more specific the better.

Finally put the two together – it should look like this:

Inexpensive Retailer – the industry is retail, their difference is that they are inexpensive and the company would be? Wal-Mart

Designed Technology – the industry is technology, the difference is design – the company, Apple

I made up these two examples so they may not be dead-on…let’s here what you put together, send me your comments…

Strategic Planning (Part 2) – Two Theme Examples

May 4th, 2008 by Sean Burke

“Online Auctions”, “Fast Oil-Changes”, “Low-Fare Airline”

Now name the companies that these phrases describe.

Ebay

Jiffy-Lube

Southwest Airlines

As an organization, if you can simplify your company’s strategy (or difference) into two words or two themes just think how powerful that is to help you make decisions.

Herb Kelleher the former CEO of Southwest Airlines once was asked about how he ran the company so well. The abbreviated version is – “It’s simple, we are THE low-fare airline – after that all decisions are easy.” For the extended version, check out this excerpt from the well written book Made to Stick.

Made to Stick

In part 3, we will build your two-themed Strategic Position

Execution Revolution

May 3rd, 2008 by Sean Burke

Execution Revolution

In a few months, Execution Revolution, will hit the shelves. This is the new book from Gary Harpst, founder of Six Disciplines (disclosure – for those of you who don’t know, I am the President of Six Disciplines Tampa – we help companies hit their goals more consistently).

The early buzz is that this book will be a hit. Ads are already up in the print editions of Fast Company, Inc. Magazine. There maybe more that I haven’t seen yet too.

We will be giving our readers the chance to win the book on our site, but if you want to get a preview, here is where you can learn more about it on Amazon.com.

Please share a comment on this post or send me an email and I will try to hook you up when we get them.

Strategic Planning (Part 1) – A CEO’s View

May 3rd, 2008 by Sean Burke

Strategy

In my sessions with CEO’s, we often talk about their strategy. Most leaders love to talk about strategy because this is the area of their business that allows them to dream of a limitless future.

Many envision a large company with hundreds of happy team members, customers who sing their praises and a personally shortened work week because things are working so smoothly.

Others talk about a world where they have no employees, thousands of clients that require limited support and a highly profitable online resource or product.

Whatever their dreams are is not significant because what they are describing ISN’T strategy. At best these are their plans.

Strategy is what makes you different than everyone else. We’ll talk more about this – but for now, when someone asks you “What is your Strategy?” – you should frame your answer in terms of what makes you unique within your industry.

Deliverables vs. Actions (Execution, 2 of 6)

April 27th, 2008 by Sean Burke

This episode reviews the differences of Deliverables vs. Actions. Many companies measure the activities of their team – and while that is good – it only tells what people are doing. It gives no insight on their quantifiable results.

The Goals of today’s cast are to share with you:

  • the difference between actions and deliverables
  • Why deliverables give you a better measurement
  • Where to use deliverables within your company
  • What steps you can take today to create and use them in your business
 
icon for podpress  Deliverables verses Actions [8:05m]: Play Now | Play in Popup | Download

Creating Deliverables (Execution 1 of 6)

April 11th, 2008 by Sean Burke

Our next six casts are devoted to the subject of execution – each cast builds on the previous one – so you will want to listen to them in order.

In this cast, Sean and Jeff discuss creating deliverables as an important component to driving organizational execution. Having well crafted individual deliverables that link to your company’s goals is one piece of creating an organization that holds itself accountable for attaining results.

The Goals of this cast are to share with you:

  • What deliverables are and how they link to goals
  • How to write deliverables
  • The importance of having them
  • The steps you can take today to start using deliverables in your business

Enjoy!

 
icon for podpress  Creating Deliverables [10:32m]: Play Now | Play in Popup | Download

Managing urgencies by Seth Godin

March 27th, 2008 by Sean Burke

Seth Godin has touched on a topic that is crucial to successfully executing strategy. He hints at Deciding What is Important and Creating a Stop List so that you and your company can effectively execute verses being pulled into the swell of daily fires. This is a must read.

Perfect description of how most firms appear to operate, with the most rational possible fix suggested at the end.

read more | digg story

Ranking and Executing Initiatives (Planning Cast, 6 of 6)

March 25th, 2008 by Sean Burke

Ranking and Executing Initiatives

In this podcast, Jeff and Sean discuss the process of ranking and executing on Corporate Initiatives.

Their discussion points are:

1. Why ranking Initiatives is important
2. How to rank Initiatives
3. What’s next, once they are ranked
4. Suggestions on when to start working on Initiatives
5. Updating progress on deliverable attainment
6. How to get Initiatives back on track if they fall behind schedule
7. Tips on executing them

Please share with us your comments on our casts…we’d like your feedback!

 
icon for podpress  Initiative Rankings [9:30m]: Play Now | Play in Popup | Download

Corporate Initiatives (Planning Cast, 5 of 6)

March 13th, 2008 by Sean Burke

Establishing Corporate Initiatives

In this podcast, Jeff and Sean discuss the steps necessary to create organizational initiatives.

Their discussion points are:

1. The definition of Initiatives
2. The components of an Initiative
3. Why creating Initiatives are important to your business
4. How to go about creating them
5. The next steps once they are completed
6. Initiative Hints and Tips

Listen in…and learn how to begin using Initiatives within your company.

Initiative Template

 
icon for podpress  Initiatives [9:21m]: Play Now | Play in Popup | Download