TAG | role of the CEO
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Effective Planning
0 Comments | Posted by crockbiz in Boards, Business, Consulting, Executive Coaching, Leadership, Management
Jim Crocker, CEO of Boardroom Metrics has posted a YouTube video on tips for running an effective planning process.
Having watched many clients waste time and resources on planning that goes nowhere, Crocker’s tips are (once again) simple:
- start early – planning for 2009 in February is a little late!
- make planning a priority – there will always be more important things to focus on for the company that isn’t really committed to planning
- planning is lead by senior management – the CEO in particular should have a clear perspective on what needs to be accomplished in the upcoming year and the key strategies for getting there – engaging the rest of the organization in the process is important but simply tossing planning to others in the organization never works
- planning and budgeting are inextricably linked – which sounds obvious but gets overlooked – budgets should reflect the allocation of resources necessary to execute the planning priorities – if they don’t, then the plan priorities are just imaginary ideas for making something happen
- follow-up to make sure the plan is working – too many organizations spend resources on planning then NEVER revisit the plan to measure accomplishments or check direction – which makes planning pretty much a complete waste of time
For people and organizations used to organized, well run planning processes, Crocker’s tips must seem overly simplistic. Unfortunately, they reflect reality – based on Crocker’s experience more companies fail at effective planning than succeed – usually because the simple approach required to execute properly is overlooked.
The video is posted here.
The Boardroom Metrics blog is here.
Jim Crocker, CEO of Boardroom Metrics has started posting some helpful insight on management and leadership on YouTube. His first post on this topic is describes the 5 key elements of the role of the CEO. According to Crocker, they are:
- defining the vision for the organization
- assembling (and leading, managing) the management team
- leading the planning process
- monitoring progress and reporting to stakeholders
- articulating the vision to employees, customer, suppliers and investors to engage them in the success of the business.
Obviously, Crocker is simplifying for affect and brevity – the role seems much more complicated than that – but when you think about it, if more CEO’s stuck to what he’s suggesting, they might do a better job.
