Ask These Three Questions to Strengthen Your Strategy

How did we do? Was our strategy successful this year? 

It’s a critical question to ask at year’s end, especially as you gear up to kick off the next cycle, but shockingly few teams know the answer to that question. Others ask, but they have varying views. Most organizations are fairly adept at tracking plans, reviewing dashboards and conducting business plan reviews. However, knowing how well the strategy and growth are working is usually lacking.

Teams that conduct assessments often make another mistake in only asking how well they executed the plan. When gathering to review progress, the tempting question to start the meeting with is: Are we on track to plan? It’s a comforting question, as we like to be tracking, but starting a review meeting with that question makes a set of assumptions: there was only one track, we got it right the first time, and the situation has not changed. It’s hard to name an industry for which those assumptions hold this year! 

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