{"id":5282,"date":"2017-10-16T12:24:00","date_gmt":"2017-10-16T17:24:00","guid":{"rendered":"https:\/\/blog.planview.com\/?p=5282"},"modified":"2018-08-23T13:44:04","modified_gmt":"2018-08-23T18:44:04","slug":"bring-your-companys-strategic-plan-to-life","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/","title":{"rendered":"Stop the Wishful Thinking: Bring Your Company\u2019s Strategic Plan to Life"},"content":{"rendered":"<p>Does it seem that your company strategic plan is a lot like any well-intentioned lifestyle change? It\u2019s great on paper, but the minute real life interferes, the fitness routine and clean eating goes out the window.<\/p>\n<p>Your enterprise wants to drive a vision of change and transformation\u2014that\u2019s what the strategic plan is all about. The hard part is actually executing on it. Disruptions are everywhere\u2014from people to competitor surprises to supply chain upsets. In fact, experts say 50% of your company strategic plan will likely come to naught. Even more frustrating is that, everyone on your team is heads down, working hard, while the plan fails to live up to expectations.<\/p>\n<p>Isn\u2019t it time to tackle the underlying issues that keep your business from a strategic plan that truly operationalizes strategy? In a new whitepaper, <a title=\"The Four Key Elements of a Strategic Plan\" href=\"https:\/\/info.planview.com\/four-key-elements-_whitepaper_sp_en_reg.html\" target=\"_blank\" rel=\"noopener\">The Four Key Elements of a Strategic Plan<\/a><strong><em>,<\/em><\/strong> we take an in-depth look at how leaders can drive real change. And no, it\u2019s not just more wishful thinking!<\/p>\n<p>First, let\u2019s admit how badly we are failing. The first hint is that it\u2019s in the name. Maybe what we have been passing off as a \u201cplan\u201d <a href=\"https:\/\/info.planview.com\/four-key-elements-_whitepaper_sp_en_reg.html \" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-5285\" title=\"The Four Key Elements of a Strategic Plan\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/10\/The-Four-Key-Elements-of-a-Strategic-Plan-WP.jpg\" alt=\"The Four Key Elements of a Strategic Plan\" width=\"386\" height=\"493\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/10\/The-Four-Key-Elements-of-a-Strategic-Plan-WP.jpg 738w, https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/10\/The-Four-Key-Elements-of-a-Strategic-Plan-WP-235x300.jpg 235w, https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/10\/The-Four-Key-Elements-of-a-Strategic-Plan-WP-300x383.jpg 300w\" sizes=\"auto, (max-width: 386px) 100vw, 386px\" \/><\/a>is really more of a \u201cstrategic statement.\u201d Consider these startling statistics about leadership visibility into strategic planning from a Harvard Business Review report, \u201c<a title=\"\" href=\"https:\/\/hbr.org\/2015\/03\/why-strategy-execution-unravelsand-what-to-do-about-it\" target=\"_blank\" rel=\"noopener\">Why Strategy Execution Unravels\u2014and What to Do About It<\/a>\u201d:<\/p>\n<ul>\n<li>33% of executives could name just two of their company\u2019s strategic priorities<\/li>\n<li>55% of managers could name only one<\/li>\n<li>Just over 50% of CxOs understood how major priorities connect to strategic initiatives<\/li>\n<li>Fewer than 33% of their direct reports got this<\/li>\n<li>Only 16% of team leads\u2014those responsible for execution\u2014understood this<\/li>\n<\/ul>\n<p>In a recent HBJ article, \u201c<a title=\"\" href=\"https:\/\/hbr.org\/2017\/01\/execution-is-a-people-problem-not-a-strategy-problem\" target=\"_blank\" rel=\"noopener\">Execution Is a People Problem, Not a Strategy Problem,<\/a>\u201d author Peter Bregman says, \u201cTo deliver stellar results, people need to be hyperaligned and laser-focused on the highest-impact actions that will drive the organization\u2019s most important outcomes.\u201d This means executives as well as those executing the plan. The article suggests, \u201cThe most important strategy question you need to answer is:\u00a0How can we align everyone\u2019s efforts and help them accomplish the organization\u2019s most important work?\u201d<\/p>\n<p>For starters, you must be capable of managing, tracking, and executing throughout the enterprise, and account for output across departmental boundaries. Simply put, the plan should not be prescriptive, but instead have a required outcome. Carina Hatfield explains outcomes in a recent blog titled: <a href=\"https:\/\/blog.planview.com\/redefining-outcomes-and-their-relationship-to-strategic-ppm\/\">What Do You Manage? Redefining Outcomes and Their Relationship to the Strategic Plan<\/a>\u2014I highly recommend reading it for additional insight. You can then empower teams to find the best way to get there. This results in a strategic roadmap that translates strategy into quantitative plans.<\/p>\n<p>With your priorities and objectives set, you can then create a sense of urgency to drive transformation.<\/p>\n<p><strong>Here\u2019s a sneak peek of what your strategic plan should include:<\/strong><\/p>\n<ol>\n<li>Clear prioritization across silos so time, talent, and skills can prioritize work<\/li>\n<li>Both a big picture and pragmatic view to help teams bring strategy to life<\/li>\n<li>Top-down agile execution so plans can take advantage of the best resources<\/li>\n<li>A strong understanding of the impact of disruptions so you can quickly re-balance dependencies and timeframes<\/li>\n<\/ol>\n<p>For an in-depth look at The Four Key Elements of a Strategic Plan, <a title=\"\" href=\"https:\/\/info.planview.com\/four-key-elements-_whitepaper_sp_en_reg.html\" target=\"_blank\" rel=\"noopener\"><strong>download the whitepaper today<\/strong><\/a>.<\/p>\n<p>I\u2019d like to hear from you. How are you making sure your strategic plan hits the mark? How do you adjust the plan when change happens? Share by leaving a comment below.<\/p>\n<p><a href=https:\/\/www.planview.com\/products-solutions\/solutions\/strategic-planning\/ target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-7310\" src=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/Do-you-have-the-visibility-1.jpg\" alt=\"\" width=\"672\" height=\"446\" srcset=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/Do-you-have-the-visibility-1.jpg 1200w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/Do-you-have-the-visibility-1-300x199.jpg 300w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/Do-you-have-the-visibility-1-768x510.jpg 768w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/Do-you-have-the-visibility-1-1024x680.jpg 1024w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/Do-you-have-the-visibility-1-100x65.jpg 100w, https:\/\/blog.planview.com\/wp-content\/uploads\/2018\/08\/Do-you-have-the-visibility-1-750x498.jpg 750w\" sizes=\"auto, (max-width: 672px) 100vw, 672px\" \/><\/a><\/p>\n<h6>Execution Is a People Problem, Not a Strategy Problem (2017). Harvard Business Review. Retrieved 2\/October\/2017, from\u00a0<a title=\"\" href=\"https:\/\/hbr.org\/2017\/01\/execution-is-a-people-problem-not-a-strategy-problem\" target=\"_blank\" rel=\"noopener\">https:\/\/hbr.org\/2017\/01\/execution-is-a-people-problem-not-a-strategy-problem<\/a><\/h6>\n<h6>Why Strategy Execution Unravels\u2014and What to Do About It. (2015). Harvard Business Review. Retrieved 8 March 2017, from <a title=\"\" href=\"https:\/\/hbr.org\/2015\/03\/why-strategy-execution-unravelsand-what-to-do-about-it\" target=\"_blank\" rel=\"noopener\">https:\/\/hbr.org\/2015\/03\/why-strategy-execution-unravelsand-what-to-do-about-it<\/a><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Does it seem that your company strategic plan is a lot like any well-intentioned lifestyle change? It\u2019s great on paper, but the minute real life interferes, the fitness routine and clean eating goes out the window. Your enterprise wants to drive a vision of change and transformation\u2014that\u2019s what the strategic plan is all about. The&#8230;<\/p>\n","protected":false},"author":27,"featured_media":5284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[477],"tags":[],"class_list":["post-5282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vision-trends"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bring Your Company Strategic Plan to Life - Blog | Planview<\/title>\n<meta name=\"description\" content=\"Does it seem that your company strategic plan is a lot like any well-intentioned lifestyle change? Learn how to drive a vision of change and transformation!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stop the Wishful Thinking: Bring Your Company\u2019s Strategic Plan to Life\" \/>\n<meta property=\"og:description\" content=\"Does it seem that your company strategic plan is a lot like any well-intentioned lifestyle change? Learn how to drive a vision of change and transformation!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/\" \/>\n<meta property=\"og:site_name\" content=\"Planview Blog\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-16T17:24:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-23T18:44:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/10\/Stop-the-Wishful-Thinking-Bring-Your-Companys-Strategic-Plan-to-Life.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Linda Roach\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@lindaroach\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Linda Roach\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/\"},\"author\":{\"name\":\"Linda Roach\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/person\/40d082be679b8bcde1f82fa3f4cb4d85\"},\"headline\":\"Stop the Wishful Thinking: Bring Your Company\u2019s Strategic Plan to Life\",\"datePublished\":\"2017-10-16T17:24:00+00:00\",\"dateModified\":\"2018-08-23T18:44:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/\"},\"wordCount\":634,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.planview.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/10\/Stop-the-Wishful-Thinking-Bring-Your-Companys-Strategic-Plan-to-Life.jpg\",\"articleSection\":[\"Vision and Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/\",\"url\":\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/\",\"name\":\"Bring Your Company Strategic Plan to Life - Blog | Planview\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blog.planview.com\/bring-your-companys-strategic-plan-to-life\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/blog.planview.com\/wp-content\/uploads\/2017\/10\/Stop-the-Wishful-Thinking-Bring-Your-Companys-Strategic-Plan-to-Life.jpg\",\"datePublished\":\"2017-10-16T17:24:00+00:00\",\"dateModified\":\"2018-08-23T18:44:04+00:00\",\"description\":\"Does it seem that your company strategic plan is a lot like any well-intentioned lifestyle change? 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