4 Ways to Improve your 2021 Strategic Plan

Bryan Gillum • January 4, 2021

4 Ways to Improve your 2021 Strategic Plan

Fall is in the air – the leaves are changing colors, we are full blown in football season and Starbucks has already started using their Holiday Lattes (it seems like that happens earlier and earlier each year!). It’s also time to set your organization’s 2021 strategic plan.


We have heard a common theme in our discussions with business leaders – how do you plan during a Global Pandemic!?

Yes, the world is unpredictable right now, but it is still possible to plan for 2021 and the future. For example, consider asking these key questions when completing the 2021 strategic and operational plan: 

 

  • Which components of your current year plan has been relatively unaffected by COVID?
  • Are you able to find any predictability during our “new normal”?
  • For those areas that are unpredictable, how can you estimate the potential floor and ceiling?
  • Could you group the unpredictable areas together and use the same estimates for all items in the group?


We are in unpredictable and uncertain times and the most successful businesses are taking steps to adapt their approaches. We have partnered with business leaders to help them take an innovative approach towards their 2021 strategic and operational planning process. Below are 4 examples of how we are helping businesses change their approach to 2021 planning:


 

  1. Create an abbreviated Q1 strategic plan with reasonable assumptions from Q4’20.
  2. Develop a best case and worst case annual strategic plan that allows for specific adjustments throughout the year.
  3. Integrate the strategic and operating plans into a hybrid plan for the first half of 2021.
  4. Create a two-year strategic plan that provides flexibility on the timing of implementing key initiatives.

 


There are very few businesses that have not experienced significant changes in 2020 and 2021 will require leaders to continue to be adaptable and open to change. If you are interested in a FREE consultation to help guide your 2021 planning process with a proven framework, get in touch and we will help you continue in the right direction. 

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