I was in awe of the elaborate strategic plan, the leadership team and I just produced. After three dedicated days of planning and brainstorming, we had seven pages of strategic initiatives to serve our business well for the next 36 months. Six focal points, with five to seven initiatives for each focus point. It was very impressive. What made it so impressive was also why it didn’t work. Trying to pursue way too many initiatives created too many distractions and lacked the intense focus required to execute at a high level.
I have realized a few key points over the last decade of building a high-performing business. Annual assessments and reviews are mission-critical. In the absence of goals and a plan, a person and company will flounder.