Undertaking planning sessions helps business owners /CEOs / MDs to understand the resource constraints and business opportunities faced by their business, however market conditions and actual performance often differs from the conditions that were planned for. Most businesses try to have a business strategy; however, many fail to review and refresh their plan and often the plan is not regularly monitored. Here are some questions we should all ask ourselves:
- Does my business have a documented plan that details our goals each year?
- Do we have quarterly, measurable outcomes that are ‘owned’ by the people responsible for their outcomes?
- Do we review our performance at least quarterly (preferably monthly) for all staff?
- Does everyone in our business understand our vision/mission and live our values daily?
- Do we perform well perform well compared to other businesses in our industry?
- Are we able to adapt our plans to suit changing market conditions?
These questions are part of the balanced scorecard approach that Tweak HR uses to ensure that the businesses we work with have their activity aligned with their strategy. Click here for a free Business Health Check.
