23 February 2018

Obstacles to Planning for Success

Wendi Hill
Consulting

We’ve all heard the popular adage, attributed to Benjamin Franklin, "Failing to plan is planning to fail." There are many reasons why we sometimes fail to plan for success, and consequently, succeed only in failing! But even when we do take the time and spend the resources on developing a success plan, obstacles often arise in both the planning and execution phases.

Let’s take a closer look at some obstacles to planning and executing a successful strategy!

The Business Environment

Business landscapes are constantly shifting according to the whims of a free market and the impulses of customer behavior. Understanding this reality and creating a plan that is agile and responsive will ensure that your business plan survives the mercurial shifts of an ever-changing environment.

Proper Focus

Focusing on a strategy that is out of step with market realities or focusing on feel-good metrics that bear little resemblance to the bottom line will render any plan powerless to achieve success. Focusing on results and ways to accurately measure success will ensure not only success, but also that your strategy will be well-informed to adapt itself when necessary.

Buy-In and Resistance

Understanding the “Why” underlying your plan is critical for gaining buy-in and overcoming the natural resistance to change throughout an organization. Allowing others to feel that they have had a voice in the planning process and are valuable engines of change within the execution strategy is key to a sense of ownership and an efficient execution.

Accountability

Once your plan has been crafted and buy-in has been obtained, now execution takes place. Key to successful execution is proper accountability. Who owns the success or failure of the plan? How do we keep ourselves accountable rather than letting our strategy fail for lack of proper implementation? These questions need to be addressed and hard-wired into the plan itself.

Focusing on a strategy that is out of step with market realities or focusing on feel-good metrics that bear little resemblance to the bottom line will render any plan powerless to achieve success. Focusing on results and ways to accurately measure success will ensure not only success, but also that your strategy will be well-informed to adapt itself when necessary.

Wendi Hill

Steps to Execution

Prioritizing your strategy and developing well-timed steps to execution can be just as crucial as the plan itself. A well-thought through plan must be implemented in the correct order and according to changing business circumstances. Don’t let a good plan fall apart in the execution phase due to an ill-timed implementation strategy.

Obstacles to planning for success will inevitably arise. But preemptive planning and execution can help you avoid common pitfalls. Market Momentum can help! We have the advantage of having worked with many clients in diverse industries. We’ve seen it all! And we know what to anticipate and how to hurdle the greatest obstacles. Contact us today to begin the process of formulating a success plan for your business!

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