Getting the Whole Firm on the Same Strategic Page

Source: Accounting Today

It’s getting to be an age-old problem—getting execution of your plans. Here are some practical suggestions:

• Limit the number of strategic initiatives to five.
• Make sure partners and staff know what they are.
• Develop a system that reports on the degree to which you achieve the initiatives.
• Understand how to communicate. What matters is not what you tell people, but what they comprehend and remember.
• When you experience success, tell everyone. Do the same with failures.
• Use a bottom-up approach to creating your strategies. If people are involved in their creation, they will be committed to them.
• Relate compensation to achievement of your strategic initiatives.

For the complete article, click here and select Help Your People to Think and Act Strategically.

From Accounting Today, February 11, 2008, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809.

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