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Implementation
Highlights,
The
Keys To Success:
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Identifying the strategically relevant corporate businesses is the
key step to the corporate wide planning process. (Developing a business unit strategy for an organizational
unit that is not, in fact, a strategically distinct business, is a recipe
for failure. Developing a
corporate strategy or a horizontal unit statement of direction without the
list of corporate businesses is a less than optimal solution.)
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With the list of the corporation’s strategic business units, and
the list of horizontal units, no entity should use the excuse that it
can’t plan until the others finish their plans.
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The fastest way to develop and implement strategic plans is to just
do it.
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Other ideas: think about
the customer; connect strategy with capital and budget allocation; embrace
debate; focus on meaningful activities; implement well; allow for the
creation of new spin-off businesses and products.
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The best way to develop and implement strategic plans is to buy
everyone involved with the plan or its implementation a copy of Structured
Strategic Planning and Michael Porter’s book Competitive
Advantage.
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