Simple model for strategic planning

I really like simple models to communicate ideas, and I often see good ideas in the communications section of Ezine.  The following diagram illustrates one of their planning tools for communicating a new idea.  The text is a summary from the article but the graphic is mine.

Strategic plan2

Take a sheet of paper and divide it into about four equal parts by drawing a horizontal line across the page and a vertical line down the page.

Starting in the upper-left corner, write down the germ of the idea. Take just a few words and describe the basic idea. Don’t elaborate and don’t use any space beyond that square, which will force a certain amount of conciseness. For example, “Try invoicing occasional customers at mid-month and end-of-month, rather than just at month-end.”

Moving to the upper-right corner, concisely explain the ‘what’ and the ‘why’ of the idea. What will I gain by pursuing this idea? For example, “Could improve cash flow and reduce our line of credit cost by 5%.”

Now, go to the bottom-right corner and make notes about the ‘who’ and the ‘how’ involved in implementing the idea. For example, “Sales reps submit billing info by the 10th and 25th of each month, billing department processes and prints invoices by the 15th and 30th.”

Finally, in the lower-left corner, explain how you will know whether or not the idea worked. What will you measure or monitor to see whether or not you’re getting the benefits you identified in the upper right corner. For example, “Review the accounts receivable ratios and the costs of the line of credit each month.”

Steve Richards

I'm retired from work as a business and IT strategist. now I'm travelling, hiking, cycling, swimming, reading, gardening, learning, writing this blog and generally enjoying good times with friends and family

2 Responses

  1. Anonymous says:

    looks like the HTML on this one is a bit messed up.The picture has words over it…

  2. Anonymous says:

    yes, that will teach me to write on a large screen and not test out at 1024*768. Anyway smaller image seems to have fixed it.

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