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Improve important management decisions- with a forward-looking strategic framework that takes into account marketplace trends.

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Your Estate Does Matter
In my business coaching and strategic thinking and planning consulting work, I have found too often that the owners and managers of small to medium size businesses frequently fail to do adequate estate planning and lack suitable estate planning documents. The lack of effective planning can result in costly probate proceedings or unnecessary estate taxes. Therefore, my real mission with this article is to try to convince you that “your estate does matter!” and you need to make sure you have committed to take the needed action to get your estate planning in order now. I believe it is fair to say that business owners and managers do not intentionally plan to neglect this type of planning.
“A Major Communication Tip For Successful Strategic Planning – Provide Definitions of Major Strategic Planning Terms As You Begin”
One of the key elements in any endeavor is clear communications. This is especially true when doing strategic planning. So, my major communication tip to ensure more successful strategic planning efforts is to first provide basic definitions of major terms used in the strategic planning process. Having written definitions to hand out to all participants at the start of the process will help ensure that everyone knows the meaning of the terms being used throughout the strategic planning process facilitates this. Here are the definitions of major strategic planning terms that have served me well in all of my strategic planning efforts over more than 25 years.

“The Top Ten Reasons Strategic Planning Meetings Fail, According To Your Strategic Thinking Business Coach”
Strategic planning is an awesome and powerful process that sometimes gets a bad rap because of some bad experiences people have had when engaging in some form of strategic planning meetings. Many times the combination of personal agendas, absence of open minds, and preconceived judgments about the strategic planning process can turn strategic planning meetings into real disasters. And frankly, there are many reasons why so many strategic planning meetings are unsuccessful. Your Strategic Thinking Business Coach has developed a list of the top 10 reasons why strategic planning meetings fail. And the Top 10 Reasons are:
Succession Planning: Planning for the Future Success of the Organization
Simply put, succession planning is the act of focusing on the future of your organization as it relates to the “people” side of the business. Typically, most people think of succession planning as it relates to replacing a retiring CEO; however, it can be equally crucial to extend succession planning to the entire management team and other key employees. Proper succession planning could mean the difference between a viable, thriving organization and one that could quickly go out of business. For most companies, succession planning is certainly on the “to do” list, but many don’t focus on it until it’s too late. There is no right or wrong process to follow – it’s more a matter of timing. Do it sooner rather than later is the key.

Role of Leadership in Planning
Executives love to talk about planning… most complain their processes don’t work very well. Harvard Business Review reports that only 11% of CEOs believe that strategic planning is worth the effort. Most planning processes are too complex, and only document decisions already made. CEOs have the responsibility to make their planning processes effective; I believe the key is to keep the processes simple and focused.
Writing Business Strategy Plans
Build a Strategic Planning Team- engage a cross-functional planning team to represent each department's needs. Hold a kick-off meeting to set strategic planning goals, schedule meeting times, and get organized for the planning process. Introduce the Balanced Scorecard Approach- review and distribute our Research Note "Map Strategy with Balanced Scorecard" to provide a framework to work from. Develop a Strategic Planning Charter- use our Project Charter template to document the goals and objectives for the planning process, and set plan completion timelines. Document Strategic Planning GAPS- evaluate your current strategic planning process and add GAPS to our GAP Analysis Tool under the Strategy tab. You will be using this GAP Analysis Tool through the entire strategic planning process, so consider distributing this tool to the wh
Planners vs. Actors: How to find a profitable balance between over-thinking and jumping the gun
Are you doing without planning or planning without doing? Both quick action and over-planning are problems. In order to have the best-executed strategy that will lead you to your goal, planning and expedient action are both critical. Ask yourself, can I plan more, or should I do more? Somewhere in the middle is probably the right answer.

What's Wrong With Your Corporate Planning Process?
Does your corporate strategic planning process consistently deliver the outcomes you expect or has strategic planning been devalued (literally or figuratively) within your organization due to its declining efficacy? Corporate planning in today’s rapidly-changing and uncertain business environment requires a strategic planning process that empowers organizations to achieve operational excellence on a day-to-day basis while also planning for the future. If your corporate planning process has lost its luster, consider what may be wrong.
Today’s Definition of Strategic Planning
A quick Google search for definitions of strategic planning will yield numerous variations. Often these definitions point to the blatant misunderstanding of what strategic planning truly is. At other times the term is flat out misused. In the end, we find that strategic planning lacks a widely accepted definition. It seems everyone in the field of planning has a different view on the exact definition. Yet, the definitions we most embrace, convey in one form or fashion, that the idea of strategic planning is to build and sustain competitive advantage by defining desired outcomes and creating some sort of go-forward plan to achieve those outcomes. This article offers a modern definition of corporate strategic planning.
How to crystalize business growth options through Strategic Planning
What is it? Why do strategic planning? When is the right time for strategic planning? Strategic Planning is a tool to formulate high level business strategy. It sets the table to allow preparation of detailed business plans. Strategic planning is undertaken to define the precise mission of the organization, prioritize opportunities and help manage growth. It is also a very useful tool in satisfying succession planning needs. Most strategic planning is undertaken to establish base guidelines for a business plan. It also provides the benefit of helping maximize resource utilization and prioritize growth options.
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