How to create an Effective Business Annual Planning Agenda for 2022
Business Planning for 2022
2021 is coming to an end, many businesses may still be struggling with the pandemic worldwide.
There might be a looming sense of confusion and being overwhelmed when it comes to conducting the business annual planning for the following year.
As we engaged with our clients, many have told us that they are winging it and trying to survive while others have skipped the whole business planning and attempt to fire fight their way out of the current situation. As the famous quote from Benjamin Franklin, “ If you fail to plan, you are planning to fail. How true this is especially in times like now.
In the Scaling UP framework, the annual planning is the most important event of the year as it is an opportunity to showcase the wins, flush out the business constraints and make plans to tackle the key challenges or learnings faced by the company and the industry.
This business annual planning is chunked down into quarterly, where the quarterly plans set the directions and focus for the team’s daily execution towards the business goals as well as the longer-term strategic goals.
Once the goals have been set coupled with critical actions and the critical number, it can then be consolidated in a dashboard to monitor progress and drive accountability. After using our dashboard for the past few years, it helps me to predict if I could hit my business goal for that quarter and forecasting is more accurate compared to the past where I needed to make a smart “guesstimate”.
“If you fail to plan, you are planning to fail” -Benjamin Franklin
With so many changes going on, it can be challenging to create head space to have an effective strategic planning session to align the team. We have your back! And have taken the liberty to craft an agenda for you.
AGENDA
Step 1: Complete 4Decision Assessment (optional).
Step 2: Review the past year’s WINs(Results), LOSE (Lost opportunities) & Learnings
Step 3: Discuss about the business’s Strength, Weakness, Trends.
Step 4: Search the Internet for Oglivy’s 4Es of marketing and add to the ongoing discussions.
Step 5: Review your core customers and gather customer’s input.
Step 6: Identify Top 3 business issue to be addressed.
Step 7: Set Smart Business goals to unlock the top 3 business issues including financial goals.
Step 8: Complete the goal setting using OKRs or Leading and Lagging indicators (based on your familiarity).
Step 9: Consolidate all the inputs using a one-page strategic plan and monitored through your dashboard.
Here is a free document for your download if you prefer to have a time-based agenda with hour-to-hour schedule on what to do for the Strategic planning session.
Download your 10-page annual planning guide by Verne Harnish from Scalingup.com here >>
Hope you find this information useful, if we could be of assistance or that you would like someone to facilitate the meetings or simply test our Complimentary 4 Decision Assessment, do write to grow@growthcatalyst.com.sg
Our offering includes EDG Grant Consultancy. Plan for your best 2022 today!
4 Decision assessment is a powerful tool that focusses on 4 important decision every business owner get right. They are People, Strategy, Execution & Cash.
In Growth Catalyst, we have contextualised this tool and given it an Asian perspective and incorporated the feedback from all our clients.
Upon completion, you will receive a report to identify at least one strength & 1 area of opportunity.
Our 4 Decision assessment is an online for business owners and top management leaders who are keen to gain insights on the overall health of the organisation in the 4 key areas.
This is an online diagnostic tool thus you will just need to provide your email address for yourself and up to 10 of your key leaders to gain access into our 4 Decision assessment
Just 4 simple steps to follow:
1. Fill in the contact form below.
2. Provide your email address and up to 10 of those whom you would like to invite to participate in our 4 decision assessment.
It will be much preferred if the invites are of executive decision making authority that can impact your business.
It starts when you gain access to our 4 Decision Assessment.
All companies have strengths and weaknesses. Many of them do not know them and thus this online assessment create a platform to assess their business based on the 4 key decisions as designed by the best selling business book – Mastering the Rockefeller Habits. It is evident that after multiple conversations with our clients.
They all want to 3-5X their business but do not know what or where to start and a good starting point is to understand the current status of the business before charting a new roadmap ahead.
