Do your 2010 Initiatives Translate into Individual Plans?
Well it’s that time of year again when we set annual goals both corporately and individually. Have you determined what your company’s initiatives are going to be for 2010? Have you translated the desired outcomes for these initiatives into deliverables and activities for your professionals?
This is necessary if you want your professionals to be able to prioritize their tasks and execute the corporate strategy. Otherwise the “urgent” will always trump the “important” and your company will fall into the statistical abyss that says 90% of all well formulated strategies fail due to poor execution. (Kaplan and Norton, The Strategy-Focused Organization, Harvard Business School Press, 2001).
Basically each professional has four aspects of their job that they are trying to accomplish each day:
- Time management – are they making efficient use of their time?
- Work productivity – are they doing enough of the right things?
- Quality of work – are they doing the right things well?
- Significance – are they doing the right things in a manner that result in maximum impact in moving the organization forward?
Their individual plans should leave no doubt in their minds on what their priorities, deliverables and expected outcomes are to be from their efforts. In addition, it is executive leaderships’ responsibility to insure they understand how their individual plan and corresponding effort ties back to helping achieve the corporate strategy.
by: Terry L. Massey