Annual Strategic Review

Current Status

Not Enrolled

Price

NZ$997.00

Get Started

This course is currently closed

Goal setting is important. But setting goals is not a strategy. We all want to grow. But growth is not a strategy. We all want to improve our businesses. But improvement is not a strategy.

Strategy is understanding how your industry is likely to play out and making wise choices and investments to position yourself for future success in your industry – to create a competitive advantage and ultimately achieve your BHAG.

There’s no quick and easy way to do the Annual Strategic Review. You need to go back to redo your Industry Analysis. You redo Michael Porter’s Five Forces analysis. You redo your PEST analysis. As Albert Einstein said, “The questions remain the same; it’s the answers that keep changing.” You must go back and revisit the questions and discover how the answers have changed.

You can almost bet that your Industry Analysis will identify changes from the year before. They will usually affect the OT part of your SWOT analysis. That should start you thinking about new Opportunities and Threats.

The process we follow is similar to the Quarterly Strategic Review, but we spend more time “stress-testing” your long-term (3 to 5 year) strategic moves to make sure they reflect the issues in your updated industry analysis.

We’ll also set your Annual Initiatives + Milestones for the coming year, and Strategic Priorities (Big Rocks) for the coming quarter.

You will obtain superior results if you watch these videos while filling out the survey workbook:

  1. After Action Review
  2. Industry Analysis
  3. Core, Context, Non-Core
  4. BHAG
  5. Long-Term (3 to 5 year) Strategic Moves
  6. SWOT Analysis
  7. Annual Initiatives & Strategic Projects
  8. Implementing Strategic Projects

In these videos, I share best practices, real-life examples, and teach you step-by-step how to make good decisions in each area.

Note – The videos can be viewed at 2X speed.  Please allow 4 hours to watch the training videos and complete this survey exercise. You don’t need to do it all in one go. Working through the prework in 1-hour chunks works best for most people.

It’s certainly going to make you think, but the quality of your strategic decision-making will be driven by the quality of thinking that happens prior.

Kind regards,
Stephen Lynch