Strategic planning is critical to boosting business performance and productivity – requiring commitment and buy in from all your team to maximise its success.
As a business strategist helping to increase the profitability and effectiveness of owner managed and family run businesses in Harrogate, Halifax, Huddersfield, and beyond – my key question to you is: What strategic plans have you drawn up to get your people into the best shape possible and improve the bench strength of your team?
Yes, it’s important that your employees know and understand your Vision, Mission, Values and Goals. But how many of them are ready – and able – to deliver the performance necessary to realise the goals that will power the business forward over the next few years?
Strategic planning will unearth the factors critical to your company’s future and success. For example, when planning their assault on the Tour De France in 2010, the management of Team Sky Pro cycling identified that gaining as much time as possible in the time trials – and losing as little time as possible in the mountain sections – were key success factors.
Sports scientists then undertook robust testing to earmark all the variables that could influence performance in these two vital areas. In the time trials they established that the aerodynamics of the rider’s posture and body profile – coupled with the extra power from the elliptical pedal chain ring – gave them the advantages to turbo-charge their 2012 victory.
In the mountains it was about power to weight ratios, the correct cadence (pedal revolutions per minute) to power up steep inclines, helping the rider’s body to recover while tapping into the team’s pulling power. Equipped with this knowledge, they drafted in new riders to bolster the team’s collective muscle power and required team members to drop up to 20 lbs of weight so they could sustain the effort throughout the mountain stages.
When putting your business under the microscope, what critical success keys will mark your success route and enhance your growth and profitability? Below are just some of many examples:
- Generating and converting new leads
- Powering up your profit drivers and enhancing your bench strength
- Your ability to innovate and diversify
- Your exporting expertise
Over the coming weeks we will put critical areas under the performance microscope and enable you to become the Team Sky of your market sector by asking the right questions, identifying the best metrics – and creating and implementing your strategic performance plan.
To get the ball rolling or to find out if your business strategy passes the test, contact me below, e-mail me via firstname.lastname@example.org, go to @richardwhatif on Twitter, Richard Bosworth on LinkedIn or post on www.whatifforums.com.