Four Essentials to a Strategic Plan That Works

The Double Win

Michael Hyatt

Education, Productivity, Influence, Teamleadership, Self-improvement, Selfdevelopment, Achievement, Business, Intentionality, Management, Personaldevelopment, Selfleadership, Leadership

4.8 • 1.5K Ratings

🗓️ 25 July 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

You know you need to make a plan for the company’s next year, but you feel a familiar sense of dread. Every year, it results in a giant, convoluted binder that is inevitably pushed to the back of the shelf three months in. How do you plan more strategically, so you end up with something that actually works? Is there a better way to set the company up for the future you want? In this episode, Megan talks with her husband, Joel Miller, Chief Product Officer, about the four essentials you need to create a strategic plan that works. They discuss the vital importance of vision, alignment, and execution—and how to ensure you have all three and don’t lose any of them along the way. You don’t have to settle for planning that is onerous, cumbersome, and quickly irrelevant when you incorporate these four ingredients to transform the planning process and clear the way for success. In this episode, you’ll discover—Common pitfalls of having an overcomplicated planHelpful questions to ask while creating a long-term visionWhy you must not confuse operational plans with strategic plansHow to create alignment between the vision and individual tasks Resources:Strategic Planning Checklist See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	The impositional feeling, that horrible feeling of this thing being imposing that you have
0:06.1	Like is transferred to all those good and important initiatives and goals that you've set
0:14.5	Hi, this is Megan Hyatt Miller and this is lead to win our weekly podcast to help you win at work and
0:21.3	succeed at life. So this week
0:23.9	I'm so excited to be here. My dad will be back from sabbatical with us very soon
0:28.8	But in the meantime, I have a great show today all about four essentials to a strategic plan that works and I'm joined
0:37.6	By my husband and our chief product officer Joel Miller who is going to
0:43.1	Help unpack this topic with us because man
0:45.6	This is a pain point that people are thinking about right now. Isn't it Joel?
0:48.8	Oh, they definitely are. It's the time of year where if you're not already started you're late and it's definitely a top of mind
0:56.3	Yeah, and you know, I think we all probably have had a
1:00.5	Strategic planning horror story in our career, you know sometime where
1:05.8	You created this elaborate strategic plan maybe with consultants and then it was
1:13.1	Collecting dust on the bookshelf in your office after that month, right?
1:17.9	Yeah, it's the dreaded binder that you know is yeah is produced with a great deal of effort
1:25.0	With many different departments and teams and leaders and conversations and deadlines and on and on and on
1:32.0	It's like a full-time job to create the thing and then it's finally finished
1:35.8	And you feel total relief and you put it on the shelf behind you and you never look at it again
1:40.5	Right
1:41.4	Which is really unfortunate because as it turns out a strategic plan is something that every business needs
1:47.6	This is a really critical part of charting a course to the future
1:51.7	So we've got to have a strategic plan, but we've got to have a strategic plan that works
	...

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