Category Archives: Vision

Do you think, or do you just do?

Planning, business planning, strategic planning. Whatever term you put on it, it requires thought.

And thinking implies effort.

Most times, its just easier to do. Its just easier to repeat how you have been successful in the past. Assuming that the future will be no different.

But unlike that financial planning adage “past performance is no guarantee of future performance” we assume that how we have operated in the past will hold us in good stead into the times ahead.

But will it?

Think of what the internet has done to retail.

What about low-cost imports from China?

And, what about the changes in people’s spending behavior?

Will there be changes that affect you? Reflect on this anecdote: as much as we have learnt & discovered over the last 75 years, we will repeat over the next 25.

Consider the following and the impacts that they have had:

  • Amazon.com
  • cordless tools
  • GPS
  • internet
  • just-in-time manufacturing
  • low-cost air travel
  • Microwave oven
  • MP3 player
  • MRI
  • to name but a few ….

So, what are the inventions, innovations, new things and processes that will impact upon your business? Upon how your organization operates and succeeds?

For more, visit Dellium Advisory, follow on Twitter, connect using LinkedIn, or review my IT-centric blog.

Advertisements

Facing the future

How do you face the future?

How do you think about the potential directions you or your organisation could take?

How should you respond to potential risks and opportunities?

One way is to use the Futures Triangle. A framework for looking at what has happened and what could happen.

The first set of questions are about your past:

  • what is the weight of the past?
  • what is holding you back?
  • what are your burdens and responsibilities?

The second set of questions are about the drivers of change:

  • what factors are causing you to change?
  • what are the changes you should resist?
  • what are the changes you should embrace?

The third set of questions are about the images of the future:

  • what attracts you about the future?
  • what repels you about the future?
  • what will success look like?

By thinking through these can you make the case for change, or make the case for staying as you are?

 
For more, visit Dellium Advisory, follow on Twitter, connect using LinkedIn, or review my IT-centric blog.

Strategic Planning: What is your vision?

The vision statement indicates the characteristics of your organisation in the future and can help answer many questions about what it does.

Now, it is important that a vision statement be able to stand the test of time and provide guidance to decision makers as they determine the direction of the organisation into the future. It’s vital that your vision statement is a reflection of your intent.

Most vision statements include some aspects of three important elements:

  • a core ideology
  • an envisioned future
  • recognition of service to stakeholders

The core ideology of the vision statement contains a statement about the firm’s values and “reason for being.” The envisioned future is a statement that describes what the organisation will be like if it achieves its most important goals. What does success look like. Whilst the final part of the vision statement is the recognition of how the organisation serves its stakeholders, including owners/creditors, employees and customers, as well as the community and society.

 

 
For more, visit Dellium Advisory, follow on Twitter, connect using LinkedIn, or review my IT-centric blog.