Strategic Roadmap: Strategies and Measures

May 15, 2019

What are strategies and measures? It's important to understand what the game plan is and how you would accomplish the goals and objectives that you set. It's critical when putting your strategies together to outline what are your deliverables and how you can measure success. There are three major strategies that an organization should concentrate on. The first one is business development the second one is operating efficiency in the third and final one is developing your people and bench strength.


Transcript

Matt Kerzner:It's very important that employees understand the strategy of the organization. There are three major pillars that can help the strategy of an organization. The first pillar is business development. How do we grow the business? How do we increase revenue? How do we maximize our profits? 

The second pillar is operating efficiently. This is how we do things
better, faster and more efficiently. But if we don't think smart on how to reduce overhead, we could lose it in another area. The third pillar is people development. It's actually starting with finding the right talent, developing the right talent and building all the core competencies to help them succeed within the organization. Another part of people is succession planning. It's having the right people in the right place. And I'm not just talking about the executives. It's all the key positions within the organization.If anyone leaves, who do you have ready today, tomorrow, and, in the distant future? People development is key. 

About Matthew Kerzner

Mr. Kerzner is a Director in the Center for Family Business Excellence. Matt has more than 25 years of experience in organizational development with a specialization in assisting family businesses and closely held businesses.

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