One important phase in completing your strategic plan? Taking steps to prioritize strategic initiatives so you can focus on those that you will be able to fund and implement. This is critical to get right so that you successfully complete the activities most likely to deliver on your expected results.
One simple prioritization technique employs a hybrid assessment. It merges implementation order and importance into four different designations you can use to prioritize strategic initiatives quickly. We worked with a team the other day to prioritize their entire plan in less than 90 minutes.
For each activity included in your plan, identify whether it:
How to apply each of these categories? We suggest the descriptions below as guides for when to apply each categorization:
Can Launch Now
Depends on Something Else
Makes Sense for a Later Phase
Raises Questions
We frequently use a Blast! online collaboration to facilitate the planning team through this exercise, as we did with the team mentioned at the start. The focus on their plan was upskilling employees to enable greater use of digital tools in a manufacturing environment.
If you can’t pursue everything you’ve imagined in your plan, use this simple strategic planning approach. It will quickly identify a team’s sense of how to prioritize strategic initiatives to deliver successful results.