• A Strategic Approach To Planning

  • Apr 13 2022
  • Length: 21 mins
  • Podcast

A Strategic Approach To Planning

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  • Summary

  • A survey of two thousand executives by McKinsey and Company showed that only 19% of companies have a definite and distinct process for developing strategy. That means for the majority of organizations, strategy development is a random and crisis driven event…if it even happens at all. Today, I’m excited to share with you a proven process for developing strategy. First, I welcome one of the greatest strategic minds in history, Carl von Clausewitz, to share his planning approach, and you’ll also learn how to distill your entire strategic plan into 1-2 pages. Then, I welcome the *almost* five-time Grammy award winning hip hop artist, Stra-Da-Gee, to perform his hit song on strategic planning entitled, ‘Strat Plan’. We will also talk about the importance of leading boldly through confident strategic direction, and you’ll be introduced to the Strategy Scaffold tool to bring together your purpose, business model, and plan.

     

    What You’ll Hear In this Episode: 

    • Strategic thinking is the generation of insights that lead to advantage, while strategic planning is the channeling of those insights into a directional guide to achieve your goals and objectives. 
    • GOST is an acronym for goals, objectives, strategies, and tactics. You’ll learn how it’s spookily accurate when it comes to setting strategy.
    • Good leaders continually reinforce the key elements of their plan, and filter out the extraneous noise that could get in the way of their team’s execution. 
    • When you try to do a little bit for everyone, you lose strength and focus. 
    • How does the ability to act boldly show up in history’s champions? 
    • What are the five primary phases of strategy development? 
    • You’ll gain access to the Strategy Scaffold tool.
    • Stra-Da-Gee, performing his hit rap song on the keys to strategic planning.  Lyrics Stra-Da-Gee (1).pdf

     

    Quotes/Tweetables:

    • “Do you have a strategic plan? If your plan could talk, what would it say?” 
    • “Good leaders continually reinforce the key elements of their plan, and filter out the extraneous noise that could get in the way of their team’s execution.”
    • “You will always have a choice between the most courageous and most cautious decision.” 
    • “Intelligence without audacity is not enough. You must have the guts to explode the game to upend your opponent’s thinking, and in doing so, unnerve them.” - Garry Kasparov

     

    Connect with Us!

    Strategic Thinking Institute

    Rich Horwath on LinkedIn

    Rich Horwath’s YouTube Channel

    StrategyMan vs. the Anti-Strategy Squad: Using Strategic Thinking to Defeat Bad Strategy and Save Your PlanDeep Dive by Rich Horwath 

    Elevate: The Three Disciplines of Advanced Strategic Thinking by Rich Horwath

     

    Mentioned : 

    Carl von Clausewitz 

    McKinsey 

    Garry Kasparaov 


    Keywords: strategic thinking, strategy, strategic planning, strategic, tactics, goal, goals, objective, objectives, plan, planning, business strategy, business acumen, executive coaching, executive coach, leadership development,, leadership, rich horwath, effective meetings, CEO strategy, CEO coach, productive meetings, carl von clausewitz, mckinsey, strategy scaffold

     
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