Strategic planning can make a difference. One strategic planning client doubled its stock price in six years. Another achieved six new earnings records over the course of a decade, eventually realizing earnings in a single quarter that matched its annual earnings target at the beginning of implementation.
Why? At ScottMadden, we believe strategic planning is about creating practical, actionable strategies that employees own and implement, not theoretical, academic strategies that only the consultants can understand. Strategic success is about coherence, buy-in, action, and accountability, not esoteric concepts and complex theories.
Business planning can make a difference, too. We believe in gap-based business planning. This process starts with establishing tiered metrics, sets stretch targets for those metrics based on benchmarks, performs root-driven analysis to identify the causes of gaps, and develops initiatives to close the gaps. As important as this front-end planning process is, it is the back-end monitoring, control, and accountability that ultimately creates a successful strategy. We have a structured monitoring, control, and accountability process that allows senior leaders to keep their fingers on the pulse of performance and take corrective action when needed.
Our practical and logical strategic and business planning processes have helped clients achieve and sustain first quartile and first decile results. They will do the same for your organization.