3 Key Factors to Successful Strategic Planning
Posted by: Joseph Kuo | February 6, 2019
Over the years, I have realized 3 important factors to successful planning, both professionally and personally.
- Understanding that the process of successful planning is more important than the plan itself. In the fast-paced world of today, most plans are obsolete the moment they are finalized. However, the planning process is immensely useful because it forces us to ask questions and explore underlying beliefs.
- Monetary rewards are the byproducts of adding value. As the saying goes, only governments can make money; the rest of us have to earn it. I’ve never seen any mission statement or corporate value specify monetary gain as the primary goal. So it is with personal mission statements and family values. Frequently, what drives personal success is a focus on core values that goes beyond money. At the same time, we must have confidence in the value we deliver. Many people subconsciously limit what they receive because they don’t believe they deserve it.
- The importance of having an aligned team. In corporate, I had experienced occasions when our recommendations were not adopted by the executive team. At that point, we had 3 choices:
- Step back to see things fall apart and be satisfied that we were right, or
- Accept the executive decision and do our best to help achieve the company goals.
Recommendations are not predictions; they are our best attempt at projecting what might lie ahead.
If we can let go of our egos and be open to clients’ perspectives, we can often collaboratively uncover new paths that we never saw. Keeping these distinctions in mind, I learned to focus on how people perceive their challenges rather than how I would look at it. I work to cultivate resourcefulness and mindset that we can handle what comes in addition to planning for the future. I coach and support clients to take inspired actions and reach what they want in life faster. Finally, I accept that people change their minds, goals and perspectives; I am there to listen, appreciate and creatively strategize new plans of action.