Planning is very important to set your company up for a successful year. You have probably heard the saying, "If you don't know where you're going, any road will take you there." This is essentially a paraphrase of an exchange between Alice and the Cheshire Cat in Chapter 6 of Lewis Carroll's Alice's Adventures in Wonderland: "Would you tell me, please, which way I ought to go from here?"
To give your business an edge against the competition in 2019, you might be considering some ways to level yourself up in the process. Instead of looking for extra hours, more meetings, and hiring new personnel to help you tackle it all, have you considered using fitness to your advantage? The benefits of being physically active and healthy are many, but for the business-minded, the boost in mental productivity, creativity, and optimism are three tools you need to increase your success in the coming year.
I have recently been involved in a few conversations with clients that are new to the Rockefeller Habits or to long-range planning. The questions that keep coming up are "Where do I start?" and "Should I first establish my BHAG (Big Hairy Audacious Goal), 3-5 year strategic plan, Core Values, etc.?"
I previously wrote a blog titled 21 Production KPI Examples to Improve Manufacturing Performance, and many people were interested in learning more about how to measure and improve on-time delivery, one of the specific KPIs I mentioned. I am often asked how to improve on time delivery in manufacturing companies. The on time delivery KPI time as one of their most important Key Performance Indicators as it is directly related to customer satisfaction and repeat orders. So, let’s dig a little deeper into effective ideas to improve on time delivery.
Most Companies Fail Due to Poor Strategic Execution
As a fan of Blue Ocean strategy, you already know how important it is to have the right strategy. But, a great strategy executed poorly produces lackluster results and missed targets. Unfortunately, most companies and top executives focus their efforts on developing a strong strategy but spend very little time converting those strategies into “execution ready” plans that clearly define the actual work team members need to do to bring the 3-5 year strategic plan as determined in your planning process to fruition.