Question

In: Accounting

Why is engagement planning so critical?

Expert Solution

A iistrategic iiengagement iiplan iiwalks iiyou iithrough iia iiseries iiof iisteps iithat iistart iibefore iiyou iibegin iibrainstorming iiideas iifor iiyour iistrategy. iiIt iialso iioutlines iiclearly iiwhat iiyou iiwill iido iiand iiwhen. iiThis iiwill iiallow iiyou iito iimaximize iithe iichances iiof iiyour iinew iistrategy iibeing iiembraced iiby iithe iiorganization. iiThere iiare ii5 iikey iisections iito iia iistrategic iiengagement iiplan

1. Pre-Planning

2. Cascading iiStrategy

3. Strategy iiCommunications iiPlan

4. Combining iiStrategy ii& iiBusiness iiAs iiUsual

5. Celebrating iiSuccess

1. Pre-Planning

The iifirst iipart iiof iiyour iistrategic iiengagement iiplan iishould iiaddress iiinvolving iipeople. iiFurther, iihow iiyou're iiactually iigoing iito iigo iiabout iiinvolving iipeople iifrom iithroughout iiyour iiorganization iiin iiyour iistrategic iiplanning iiprocess. iiBy iiinvolving iipeople iiearly iion, iiyou're iimuch iimore iilikely iito iiget iibuy-in iito iiyour iigoals. iiThere's iia iifine iiline iiof iicourse iibetween iigenuinely iiinvolving iipeople iiin iiideation iivs iisimply iipaying iilip-service iito iitheir iiideas iiand iithen iidoing iiwhat iiyou iiwere iigoing iito iido iianyway. iiIt's iifine iito iihave iia iirough iiidea iiof iiyour iivision ii(as iia iileader, iithat's iiabsolutely iipart iiof iiyour iirole) iibut iiyou iineed iito iibe iiopen-minded iienough iito iithe iiideas iithat iicome iiyour iiway iias iipart iiof iithis iiprocess.

2. Cascading iiStrategy

Let's iiassume iiyou've iisuccessfully iicompleted iiyour iistrategic iiplanning iiprocess ii(we've iiwritten iitons iiof iicontent iion iithat iisubject, iiso iicheck iiout iithis iiguide iiif iiyou iineed iimore iihelp iiwith iiactually iicreating iiyour iistrategic iiplan). iiThe iireality iiis iithat iiyour iiplan iiwill iistill iibe iifairly iihigh iilevel iiat iithis iistage. iiTo iioperationalize iiyour iiplan, iiyou're iigoing iito iineed iito iicascade iiit iithroughout iiyour iiorganization.

ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii ii iiCascading iistrategy iiessentially iimeans iitaking iithe iihigh iilevel iielements iifrom iiyour iistrategic iiplan iiand iiassigning iithem iito iikey iipeople, iithen iiworking iiwith iithose iipeople iito iidevelop iithem iiinto iimore iidetailed iigoals. ii

3. Strategy iiCommunications iiPlan

The iithird iipart iiof iiyour iistrategic iiengagement iiplan iiinvolves iithe iicreation iiof iia iicommunications iiplan. iiThis iiis iiwhere iiyou iitake iiyour iistrategy iion iithe iiroad iiand iistart iito iiwhip-up iisome iiexcitement iithroughout iithe iiorganization.

4. Combining iiStrategy ii& iiBusiness iiAs iiUsual

One iiof iithe iihardest iithings iiabout iiany iinew iistrategy iiis iihow iiit iifits iiin iiwith iibusiness iias iiusual ii(BAU). iiWhat iiI iimean iiby iithat, iiis iihow iipeople iijuggle iiexecuting iithe iinew iistrategy iiwith iidelivering iiagainst iitheir iiday iijobs iiand iiKPIs. iiIt's iinaive iito iithink iithat iipeople iiwill iibe iiable iito iidrop iieverything iithey're iiworking iion iiand iifocus iitheir iienergy iion iiyour iishiny iinew iistrategy. iiThat's iinot iito iisay iithat iithings iishouldn't iichange iiunder iithe iinew iistrategic iiplan ii- iibut iirather iithat iichange iineeds iito iibe iirealistic iiand iiwell-managed.

5. Celebrating iiSuccess

iiYou’ve iidone iia iiload iiof iiwork iiso iifar iion iicreating iithe iiperfect iistrategic iiengagement iiplan ii- iinow iiit's iitime iifor iithe iifun iibit. iiThe iilast iipart iiof iithe iiplan iiinvolves iifiguring iiout iihow'll iibe iicelebrating iithe iisuccess iiof iiyour iinew iistrategy. iiI'm iinot iinecessarily iitalking iiabout iithe iiultimate iisuccess iiof iiachieving iiyour iivision iistatement ii- iithat iiwill iilikely iitake iiquite iia iiwhile. iiRather iithis iiis iiabout iicelebrating iiall iiof iithe iismall iiwins iialong iithe iiway. iiThe iireason iiis iithat iiit's iithese iismall iiwins iiwhich iiwill iisustain iithe iienergy iiand iifocus iiof iiyou iiand iiyour iipeople iion iiyour iistrategy.

ekkarill92 answered 2 years ago

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