If this sounds like your average workday, the reality is your organization has finite resources, and there always will be options, so how do you rationalize spending time on one initiative instead of another.
First, you need to inventory all of your assets – plant, equipment, human resources, products on the market, products coming on the market, changing regulations, industry trends, competitors.
All of these are related because when you put a focus on one, it diminishes your focus on the others.
We used to complain that we either had too much information , or too little, or it was in the wrong place.
Today, I would say we have too much information and it’s everywhere, and on top of this, some of the information is bad and some of it is not.
Consider my Blog. I have 100 + articles and I walk a tightrope each time I put out a new post (e.g. is it a duplicate of something already out there, does the advice go counter to what I have published in other blogs, are the topics interesting or boring, has the style of the posts changed over time for the better or worse?)
I used to have this nice binder to file all of my posts, but it filled up, and then I had two binders. You can see where this was going.
What’s the solution?
It’s called a Mind Map and wow, have these come a long way. First of all, you can start with a free one. Free is good.
OK, you don’t have a blog – that was just an example.
But, you do have a corporation to run and you do have options and scarce resources, so my advice is get with the program and start using mind maps upstream from your strategic plan.
In fact, make your mind map your stay-resident application in the background for all of your strategic planning activity.
If you do this you won’t have to focus so much on your juggling skills.
Worried about taking the plunge? Call me at 450 458 5601. Five minutes on the phone and you will have a free, first-class mind map downloaded and installed on your PC, ready for you to start making more effective decisions.
The rest will be up to you.