The Business Journey

By: Kiran Chin

December, 2017

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Successful strategic planning

Managing a business requires an understanding that the process is a journey – one that takes effort, planning, understanding and time.

When first asked to deliver on business objectives it is important to acknowledge that getting to the goal is a journey. A popular analogy is to consider sailing.

 

Practiced navigators know that before beginning any journey, they must have an understanding of the final destination by visualizing both the end as well as the path that will lead him/her there.  The process involves an awareness of current surroundings combined with how to capture potential tailwinds while mitigating potential headwinds.  This visualization also requires identifying key waypoints along the route to demonstrate progress as well as to reassess the path that he/she is on is in fact the correct one.

 

Prior to starting the journey, the navigator needs to perform a gap analysis to determine what tools, capabilities and proficiencies will be required for the journey that lies ahead along with a compass that will help course-correct should the crew start to veer off course.

 

Finally, a practiced navigator needs the ability to make the tough decisions – assess changes in currents and knowledge of what to do when obstacles arise.

 

Because developing a business strategy requires more than knowing what to do, it requires an understanding of how you do it.

Insight

In today’s economy, where technology is forcing the world to move faster and the demand for results is heightened, many may lose sight of the fact that the journey takes time and planning to execute effectively.

 

However, there are tools and tactics that can help accomplish these goals faster.  You just need to know what they are and how to effectively leverage them.

FEATURED INSIGHTS

How to build a strategic plan

Strategy or tactics