Is your current 90 day plan giving you the optimal returns?
At The Alpha Group we make certain that you plan how to successfully implement your business growth priorities and achieve real growth.
So, how does this happen?
Easy, its a six step-process using the power of the peer-to-peer advisory board.
Firstly the peer-to-peer advisory board help you identify what is your strategic problem.
Many companies claim to have a strategy for business growth, yet they fail to achieve substantial growth. Why is this? The answer is usually poor implementation of your strategy. Successful implementation of your growth strategy is one of the biggest challenges facing you, the Business Leader.
There are three factors for successfully implementing your FastGrowth™ Strategy:
1 Identify your projects
Break down your strategy into manageable projects
2 Plan your projects
Scope out and plan each project
3 Generate High involvement
Involve all your people in key projects
Secondly the peer-to-peer advisory board help you identify your key FastGrowth project.
Knowing your strategic problem lets you select appropriate FastGrowth™ Projects to address this. We recommend to you that they select six projects for the next 12 months, with two projects running concurrently for the first four months, priorities 1 and 2, then the next two projects running concurrently for the next four months, priorities 3 and 4, and finally the last two projects running concurrently for last four months, priorities 5 and 6.
By laying out the six projects in this way, this shows you the full scope of what they can acheive in a year, together with a clear framework for achieving this.
From this you select the one FastGrowth™ project that you want to successfully implement by involving all your people.
Thirdly the peer-to-peer advisory board help you plan your key FastGrowth™ project.
you find it is helpful to use this template to plan your project.
The title of the FastGrowth™ project:
Your project manager:
Proposed start date:
Forecast finish date:
Define your *S.M.A.R.T. goal for the project:
(specific, measurable, achievable, realistic, time-bound):
• Man days:
5 Analyse the risks:
• On your sales:
• On your operating profit:
Using a bar chart to plan your FastGrowth project
A project needs a plan that summarises what needs to be done, when it needs to be done and how the different tasks that make up the project interrelate. A good way of showing this is through a Bar chart.
Break your project down into a series of tasks - ideally between 8 to 10 tasks. List each task on a separate Post-it. Think about how long each task will take with the resources you have allocated and add that time to the Post-it. Shuffle the Post-its around on an sheet of paper to show the relationships between the tasks and the sequence that they need to be carried out in. Use lines or arrows to show the relationship between the tasks.
Transfer the information to a Bar chart showing the tasks, eight weekly divisions, and the person responsible for each task.
Check to see that the completion date of the last task matches your planned end date – if not, something has to change – either the planned end date or the resources you are allocating! Something unexpected usually occurs in projects so build in some contingencies – your risk analysis carried out earlier will help you identify what needs to be considered.
Fourthly the peer-to-peer advisory board help you decide the key measures for your FastGrowth™ project.
Your lag measures
b) Decreasing Your lead measures
Fifthly the peer-to-peer advisory board help you involve your people in your FastGrowth™ project.
you use the list below to review your options. They add your own options and then select your top three options.
1 Create curiosity and interest
a) Announce in emails to all your people that the company is about to embark on an important FastGrowth™ project
b) Put up some teaser information about this project on your company notice boards
c) Distribute a small gift with a note
2 Formally launch your FastGrowth™ project
a) With your project team, lead a high impact, companywide meeting to launch the project
b) Share the project plan of key tasks and ask for volunteers from your people to get involved in these tasks
c) Show what’s in it for individuals (WIIFM) and also what’s in it for department teams from being involved in the FastGrowth™ project
3 Regularly inform everyone about progress.
a) Provide fortnightly news updates about the progress of the project for both the project team leaders and departmental team leaders to brief your people.
b) Use relevant social media to keep all your people involved.
4 Make sure to recognise progress in a non-financial manner and say thank you.
a) Use interesting, non-financial monthly recognition e.g. mugs, pens & lottery prizes to recognise and reward the ideas, efforts and contribution of individuals.
b) Put team contributions on the company notice board to encourage friendly competition.
5 Make sure you celebrate success.
a) After 3 months hold a company wide meeting to let all staff know the progress that has been made on the project and to thank everyone for your involvement.
b) Share what went well and what was learned on the FastGrowth™ project.
c) Announce the second FastGrowth™ project.
Lastly the peer-to-peer advisory board help you take massive action.
The profound impact on you and your company of successfully implementing your quarterly priorities is that every three months you will make significant and sustained progress towards your goals.
If you would like to find out more about how The Alpha Group members Successfully implement their quarterly priorities then please get in touch and I will be happy to send you further information about visiting a suitable group, online, face-to-face or blended with a mixture of real world and virtual board meetings.