As the mid-year approaches, you might be refreshing your strategic plan.
Today I offer 3 tips for you to take into account as you conduct your planning. I know this is a tricky exercise amidst a business environment that is fast changing, with significant digital disruption and uncertainty.
If you’re feeling unprecedented levels of overwhelm and stress, know that you are not alone. 44% of the global workforce experience significant workplace stress on a daily basis (Gallup 2023 Global Workplace Report, survey conducted 2022).
3 tips to consider in your strategic planning
- Consider AI: have you built AI into your strategy? There are 3 parts to this:
- an organizational approach to Generative AI tools for personal productivity of staff
- building AI into your processes to improve productivity, and
- introducing AI into your products and services, to reduce cost to serve and generate more revenue.In the coming months, I will write more about this as it seems as if some organizations are stuck in a pattern of overwhelm, and I know you can overcome this easily.
- Plan ahead for the capabilities that you’ll need. Skills are becoming obsolete faster than ever. The World Economic Forum in 2023 predicted that 44% of skills will be obsolete within 5 years. Do some workforce planning. Find easy ways to develop and future-proof your team.
- Plan ahead for Health and Safety (OSHA / WHS or whatever you call it in your business0. There is new legislation in parts of Europe and Australia which makes managers are liable for the psychosocial safety of their workforce. This can include excessive workload, and how change management is handled. I discuss this further in Getting Future Ready: 5 Trends in Change Management.
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Quote of the week
“Start strategy execution when you start developing strategy”.
Lisa Carlin
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Announcing upcoming global panel
Strategy Mavericks: Disrupting Traditional Approaches to Business Strategy. July 25th, 2024
Join us for a discussion that challenges the way strategy is developed. For the first time, a panel of well-known global strategy experts dissect the traditional strategy approach. All panelists have different views and perspectives, so expect a lively, controversial and stimulating discussion. Click here to secure your spot.
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Panelists: Will Bachman, Founder of Umbrex and author of The Chief Strategy Officer Handbook. He will discuss how strategy executives increasingly expect consultants to integrate with internal teams, transfer skills, and drive implementation. Rob McLean – Author, PE investor, Philanthropist and Director Emeritus of McKinsey. Rob believes a new approach is needed for strategy under uncertainty. Alex MH Smith – Breakthrough Strategist and Author. Alex believes that the world of strategy has a “serious BS problem”, and he has over 70k followers on LinkedIn who seem to love him and agree with him. Chaired by Lisa Carlin – Strategy Execution Specialist. Lisa believes traditional strategy development alienates staff, which makes implementation harder. She is known for chairing stimulating and lively conversations that encourage audience participation. Sponsored by Women on Boards This free Zoom is on Thursday, July 25, 2024, 10am GMT London, 5am EST in New York, 7pm AEST in Sydney. Click here to secure your spot. ____________ Keep turbocharging with a culture-friendly approach 😊🌱📈 |
PSS Not sure how to get your strategy unstuck, projects powering, and transformation turbocharged? I can help you.
- 🌱 For more ideas, playbooks, and to learn from others with similar challenges, join our Turbocharge community at the price of a coffee a day. Money back in 14 days if you’re not satisfied.
- 🌱🌱 Email me to book your 1on1 mentoring session to fast track your strategy execution.
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Written by Lisa Carlin for FutureBuilders:
https://www.futurebuildersgroup.com/dont-forget-this-when-updating-your-strategic-plans/
About Lisa Carlin
Lisa specialises in accelerating strategic projects. She has pioneered a Culture-Friendly approach which she has used to deliver and guide executives through over 50 transformation programs. Her early career was with McKinsey and Accenture. In 1999, she started her own business (now part of FutureBuilders), working with prestigious global organizations and B2B Tech. Lisa is Founder of the Turbocharge Hub, which provides frameworks, tools and training to business leaders who want to be future-ready and fast-track implementation of change initiatives.