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RMI Case Studies

Case Study

Strategic Business Planning

Industry:

Private Sector … (but the public sector could take a lesson here).

Problem:

“Only 10% of business strategy effectively formulated is effectively implemented” (Fortune Magazine). Translation: There is a 90% chance that your competitor’s business plan is not linked to execution!!

Solution:

“The difference between a vibrant and thriving business and one that has plateaued and is in decline is simply that growing and effective business’s have a clearly defined purpose and a strategy to achieve it.”

   In Harvard Business Review, Michael Porter underlines the importance of strategic planning for leaders when he writes … “If you want to make a difference as a leader, you’ve got to make time for strategic planning”. At RMI we have come to realize that (in order to be effective) strategic planning involves both strategic thinking and acting.

   More than at any other time in history, North America, along with much of the world, is exploding with change – fast, frightening change. We refer to it as megachange. It has affected every institution - business, government, schools, and the church. It is occurring at a number of levels: national, corporate as well as individual. The result is a revolution taking place all around us that is likely to be as profound as any in our past.

   Some wrongly advise us to just be patient, that in time ‘this too’ shall pass. What is the explanation for this megachange? What is happening? We believe Peter Drucker sums it up best:

   “Every few hundred years throughout Western history, a sharp transformation has occurred. In a matter of decades, society altogether rearranges itself – its world views, its basic values, its social and political structures, its arts, its key institutions. Fifty years later, a new world exists. And the people born into that world cannot even imagine the world in which grandparents lived and into which their own parents were born”.

   Drucker’s point is that we are living in one of those rare points in time when an old world view (modernism) and many of its trappings are dying and another (postmodernism) has been born. The consequence is a massive shift in our culture, science, society and institutions. This change is enormously greater than the world has ever experienced and we (the business community) are caught in the middle of it.

   We are living (Drucker reminds us) at a frightening point of absolute, chaotic discontinuity, watching the old die off and the new rush in to fill the vacuum. Where does business fit in all of this? How are we doing? Will you realize your business planning as a result of effective leadership and efficient management, or just good fortune? What would your bank manager prefer?

   RMI’s proven strategic assessment, planning and implementation process works with business (of all size and sector) to define where are we (current state), where are going (desired state) and having the gaps defined … managing the migration plan (to desired from current state) as a disciplined project to ensure that ‘change’ is managed in a planned, organized and controlled manner.

   What characterizes and distinguishes an RMI Strategic Planning Engagement … is that ‘strategy is linked to execution’. That in itself … is a significant competitive advantage. As research indicates … there is a 90% chance that your competition does not have a strategic plan, let alone have it linked directly to operational execution. That is the RMI advantage.

I’d be pleased to show you how:

 

Rick Kneeshaw
Rick@RMInnovations.ca