COMMON PITFALLS AND BEST PRACTICES FOR YOUR PLANNING PROCESS
Common Pitfall No.1:
Not Dedicating Time For Planning In Advance
2-days for strategic annual planning and Q1 (Ideally a month before the new year starts)
2-days for Q2, Q3, and Q4 quarterly planning (Ideally about 2-weeks before the new quarter starts)Additionally, each departmental or cross-functional team should meet after the executive team (usually about a week later) for a 1-day Quarterly Planning Session. Then, the teams should share plans with each other, work out cross-functional dependencies and finalize the details.
Common Pitfall No.2:
Ignoring Elephants in the Room
Common Pitfall No.3:
Failing to Write Goals Clearly or Define Success
Sometimes, discussions take longer than planned, and you can spend two full days planning and leave without a solid plan in place. Commit to finishing the plan. Extend your team's next weekly meeting or set aside a few hours the day after planning and ensure you have 3-5 well-written priorities for the quarter with an owner, due date, and clear Red-Yellow-Green success criteria at the end of it. Go through the plan together as an executive and get aligned on the goals and how success will be measured. Without this, your cascade teams will have nothing to anchor their plans to, and you'll end up misaligned with teams working on whatever they want and not what your leadership team has decided is most important to move the company strategy forward.
Common Pitfall No.4:
Failing to Engage Others in the Process
Common Pitfall No.5:
Failing to Utilize Effective Tools
If your goal-setting process has gotten out of control, consider simplifying it. Bring more focus, energy, and resources to doing the work rather than maintaining a cumbersome process that is no longer serving your business.
Schedule a demo and see how Rhythm Software can make your company-wide goal-setting process more effective and efficient.
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