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Meet Lois Greisen, Executive Coach and President/Owner of Eagle Associates. Lois is a Certified Business Coach with over 25 years of management experience.

Posts Tagged ‘Organizational Alignment’

05 Nov
4 Reasons to Develop a Strategic Plan
Posted by lois on Wednesday, November 5th, 2014 | permalink | trackback
Strategy Can Help Business and the Team Stay Focused

Strategy Can Help Business and the Team Stay Focused

Business Strategy – Heart of the Business

A good strategic plan can propel a business to be even more successful. Over 90% of success stories in business are attributable to a good strategy. There are a number of reasons that make the strategy the heart of the business.  Let’s look at four of them

1.  Helps in crisis prediction and prevention.  Many businesses end up losing equity or ultimately collapsing in the face of a crisis. A good business strategy is key in ensuring that crises are predicted before hand and prevented before occurring. For example, a good strategy defines the cause of action in case of raw material shortage. This ensures that the business does not go into crisis mode when the shortage occurs.  Strategy is a key to combating a host of organizational challenges.  Take time to develop your strategic plan.

2.  Acts as a reference point – A good business strategy also acts in the interest of the business whereby it acts as a point of reference. A good strategy gives the management and the workforce as a whole a sense of direction toward the accomplishment of set goals. This is crucial in building teamwork as well as ensuring that the whole organization’s labor force works towards achievement of common objectives.  Look at where you are today and strategize where you want to be in the future.  Strategic planning can help you get you there.

3.  Efficient resource utilization – One of the main causes of organization failure is the misappropriation of resources including time, money and supplies. Resources may be directed in a multitude of projects. A good strategy enables the right resources to the right projects by clearly outlining which projects will move the company in the right direction.  This reduces inefficient resource utilization.  It is too costly not to have a strategy in place.

4.  Customer attraction and retention – Businesses exist as a result of their customers. Customers are a very important element of the business and they need to be constantly attracted and retained. A good business strategy has in place customer attraction techniques as well as guides on how the organization can retain these customers. Without a good strategy, the business is likely to under perform and is at the risk of losing it customers to its competitors.

In conclusion, it is important that your business has a well-laid strategy in order to ensure that the business survives and thrives its challenges into the future.  A good business strategy is responsible for profits and loss prevention.  Schedule your strategy session.  Contact me today.

06 May
Are You Doing These 7 Keys to Success? Key Number 7
Posted by lois on Tuesday, May 6th, 2014 | permalink | trackback
Keep On Keeping On

Keep On Keeping On

As mentioned in previous blog posts, key number one in the seven keys to success, was to know where you are going.  Key number two was to develop a plan to get there.  Key number three was to implement the plan, key number four was to monitor the plan, key number 5 was to stay focused and key number 6 was to fail forward.  Today we will discuss key number 7, which is to never give up – keep on keeping on.

The 7th key in my seven keys to success is to never give up – keep on keeping on.  In his book Think and Grow Rich, Napoleon Hill says:  ”The majority of people are ready to throw their aims and purposes overboard and give up at the first sign of opposition or misfortune.  A few carry on despite all opposition until they attain their goal. These few are the Fords, Carnegies, Rockefellers, Edisons, and other outstanding achievers of the world.”  Many times we spend hours doing things like watching TV, playing games such as Candy Crush, reading posts on Facebook, shopping on the Internet or other activities that really aren’t very important to our lives and that will not help move us in the direction that we want to go. When we realize how much time we waste doing time-consuming activities that are not taking us in the direction we want to go, we can make better choices and pursue our goals. It’s easy to take instant gratification at the expense of our long-term goals. Persistence is the key to success.  If you do the right things every single day you will be successful. The key is to be persistent. Don’t give up.

I remember reading a book about a person who wanted to write for a living. Several years out of college, the individual realized that he had not written a single book. He realized that if he had written one page every single day he would’ve written several books. Little things add up. I also remember listening to an audio CD in which the person posted a sign in her office that read:  “You don’t have to do this the rest of your life; you do have to do it today!” So start with little daily actions and never give up – keep on keeping on.

If you need help holding you accountable with your actions contact me. Do it now as your first small action.

13 Jan
Are You Doing These 7 Keys to Success? Key Number 6
Posted by lois on Monday, January 13th, 2014 | permalink | trackback

Fail Forward – If Plan A fails, learn from it and move on to plan B

Focus on your plan.  If you fail, learn from it and adjust your plan and keep going.

Focus on your plan. If you fail, learn from it and adjust your plan and keep going.

As mentioned in previous blog posts, key number one in the seven keys to success, was to know where you are going.  Key number two was to develop a plan to get there.  Key number three was to implement the plan, key number four was to monitor the plan and key number 5 was to stay focused.  Today we will discuss key number 6, which is to fail forward.

Wouldn’t it be wonderful if all your plans were successful?  Well they won’t be.  When you fail you can do one of three things or variations of them:

1. You can quit. Give up.  Throw in the towel and have a pity party.   That won’t get you to your goal.

2.  Keep on doing what you’re doing and expect different results.  That is       the meaning of insanity.  If you keep on doing what you’ve always done you’ll keep on getting what you have been getting.

3. Evaluate what you have been doing.  Figure out what it is not working and change it or develop a better plan.

Item number three makes the most sense.   The key is to change what isn’t working and continue to do what is working and don’t give up. You only fail when you quit.

You might have noticed that I haven’t blogged since July.  I could do any one of the three items listed.  I could do the first one…quit and shut down my website.  That is not an option for me.  I could do the second item on the list and just continue in my path of not blogging.  That is not an option for me either since people go to my site for tips and information.  I like to give value to people whether or not they work with me so option number three is my choice.  I looked at my schedule and I am time blocking my time.  Today my main focus is scheduling a newsletter and blogs for both of my websites (my other website is www.CoachLoisG.com ).  So I evaluated what I was doing and came up with what I hope is a better plan.  If this plan doesn’t work, I will reevaluate and come up with another.

It is so important to have a strategy for your business and this is a great time to implement the steps I have discussed in earlier blogs.  This is step 6 in my 7 keys to success.  Go back and review the first 5 steps and make the New Year your best year yet.  Are you as successful as you want to be?  Please contact me if you want to learn more or would like some help.

12 Jul
Are You Doing These 7 Keys to Success? Key Number 5
Posted by lois on Friday, July 12th, 2013 | permalink | trackback
Stay Focused

Stay Focused

Stay focused – keep the main thing the main thing

 

As mentioned in previous blog posts, key number one in the seven keys to success, was to know where you are going.  Key number two was to develop a plan to get there.  Key number three: implement the plan and key number four was to monitor the plan.  Today we will discuss key number 5, which is to stay, focused.  Stay focused by keeping the main thing the main thing.  That might seem like an easy thing to do, but it isn’t as easy as it sounds.

 

I see a lot of clients that aren’t sure where they’re going.  If they’re having difficulty they may have a tendency to jump from one idea or project to another hoping that something sticks.  So it’s important to know where you’re going and then stay focused on the vision.  Have your vision posted someplace so you can look at it every single day.  Keep it in front of you so your mind can stay focused on it.  

 

Our minds have a tendency to wander and one thought will spark another thought and so on and so on.  That’s why they call them trains of thought.  Stay focused and keep the main thing the main thing.  Find your niche in your target market and stick to it. Don’t give up and when you have finally mastered that, then you can add something new; but not until you have it running like a well oiled machine.  If you try to do too many things at once you won’t master any of them.  Become the best in your field by staying focused on the main thing.  Let’s look at an example on a smaller scale.  Sally starts a home based business…let’s say she becomes a Mary Kay Consultant.  She starts off with a bang, but six months into her career, she is not happy with her results and someone convinces her to start another home-based business.  She starts selling jewelry, thinking that she will double her income with two businesses.  A couple of things happen.  First, some of her customers become confused.  They think that Sally is no longer selling Mary Kay and they order their re-order product from another consultant.  Second, Sally’s mind becomes confused and she doesn’t know which business to discuss with different people she meets so she doesn’t talk about either of them.  Sally becomes disheartened when her sales actually drop and she quits both and goes back to work in someone else’s business giving up her dream to be self employed.

 

I talk about the importance of having a strategy for your business.  Keep that strategy in front of you.  Stay focused and keep the main thing the main thing.  This is step 5 in my 7 keys to success.  Are you as successful as you want to be?  Please contact me if you want to learn more or would like some help.

 

13 Jun
Strategic Plan – Top Reasons to Develop a Strategic Plan
Posted by lois on Thursday, June 13th, 2013 | permalink | trackback

Many companies don’t have a written strategic plan or theyOrganizational Alignment have an outdated plan.  They just have a general idea of where they want to go.  They are headed in the right direction and probably make progress every year.  So why have a plan if things are going in a positive direction?  I have shared a couple of reasons and here is a fourth.

A fourth reason to develop a strategic plan is that the highest-ranking businesses have a strategic plan and the ones that fail often do not have a strategy.  Is that true across the board?  No, but it is typically true and wouldn’t you want the odds on your side?  I know I would. 

 

In order for your business to be successful, it needs a roadmap to take it where it wants to go.  You need to know where you are now and what results you want for your business in the future (vision).  If I wanted to go to San Antonio, California, I would need to map my plan from Frazee, Minnesota (since that is where I live)…not from New York City. 

 

As you develop your strategic plan you will assess your current strengths and weaknesses internally and look for opportunities and threats externally.  In other words, your SWOT analysis.  That is your starting point.

 

Now you can determine the things you want to achieve in the next year or so that will start to take you to your vision.  Then you can develop the strategy on how to get there.  Now you have a roadmap to success.  You need to be sure your people know about your plan and that they are working toward it and you need to be sure your operations or processes are moving in the same direction as well.  Developing a strategic plan is one thing, implementing and executing the plan must happen or your planning is fruitless.

 

 

 

Make strategic planning a priority in your business.  If you need help, please let me know.  Your return on investment could be the success of your business.

 

 

 

Please post your experiences with strategic planning that you and your company have seen so that others may benefit.  Also, if you liked this post, please share it with a friend and if you have not signed up for my newsletter, please do so.  Take action now.

 

11 Jun
Strategic Plan – Top Reasons to Develop a Strategic Plan
Posted by lois on Tuesday, June 11th, 2013 | permalink | trackback

Many companies don’t have a written strategic plan or they Execution Value Gaphave an outdated plan.  They just have a general idea of where they want to go.  They are headed in the right direction and probably make progress every year.  So why have a plan if things are going in a positive direction?  I have shared a couple of reasons and here is a third.

A third reason to develop a strategic plan is that it can help the organization benchmark its results.  Not only can the company benchmark results against itself, but it can also compare itself to other businesses in similar or like industries.  This can be beneficial if a sale of the business is planned.  Prospective buyers can utilize the information when making a decision whether to buy or not.  The seller can utilize the information when valuing the business for sale.  Benchmarking is also helpful when reporting to investors. 

In addition, knowing that progress is being made on the goals being worked on is very rewarding and motivational.  Employees see that they are making a difference and are more motivated to do better and committed and loyal to the company.  Teamwork improves and a positive work culture is generated.  Most people enjoy a challenge and goals set by both the team and the individual are motivational.  As staffs work toward the initiatives of the plan, work is more exciting and enjoyable.  A positive work culture will help the organization attract the best people and pay a competitive wage rather than a premium.    Employees will know where they are headed.

 

A strategic plan is beneficial both financially and emotionally.  It can help improve the profits of the organization and motivate and challenge the employees resulting in a win-win position.

 

 

 

Make strategic planning a priority in your business.  If you need help, please let me know.  Your return on investment will be worth it. Please post other reasons to develop a strategic plan that you and your company have seen so that others may benefit from your experience.  Also, if you liked this post, please share it with a friend.  Take action now.

 

 

05 Jun
Strategic Planning – Top Reasons to Develop a Strategic Plan
Posted by lois on Wednesday, June 5th, 2013 | permalink | trackback

Strategic planning can save the organization resources.  The second reason to

"When you say 'I will' with conviction, magic begins to happen." Wally Amos

“When you say ‘I will’ with conviction, magic begins to happen.” Wally Amos

develop a strategic plan is to save the organization resources including time, labor and money (time and labor translate into money).  Saving resources directly impacts the bottom line and isn’t that why companies are in business?  Even non-profits can do more good if they have more money to work with.  When an organization knows where it is going, resources such as time, labor and money etc. will not be directed at projects that are not taking the organization where it needs to go.  It will eliminate the “that didn’t work, let’s try this” mentality where one idea after another is tried until maybe something works or until all the capital is used up and the organization folds.  Even in the organization that something eventually works, a lot of the resources are wasted in the process.  Throwing money into a project and hoping something works is never a good idea.  Strategic planning only makes sense (cents).

If you need help with your strategic plan, please contact me.  Also, if you enjoyed this article, please share it with a friend and “Like” us on Facebook at https://www.facebook.com/eagleassociates?ref=hl.  Take action now. 

 

29 May
Strategic Planning – Why Develop a Strategic Plan?
Posted by lois on Wednesday, May 29th, 2013 | permalink | trackback

Many companies don’t have a written strategic plan or they have an outdated plan. 

Lois Greisen Certified Business Coach

Lois Greisen
Certified Business Coach

They just have a general idea of where they want to go.  They are headed in the right direction and probably make progress every year.  So why have a plan if things are going in a positive direction?  

The most important reason every organization needs to develop a strategic plan is to set direction for the business.  When the direction is set, then decisions can be made more consistently and a lot easier.  When a decision has to be made, the question “Will this take me in the direction we want to go?” is asked.  The answer to the question dictates the decision.  Decisions such as “Should we hire a new marketing director?” or “Should we purchase XYZ company?” or “Should we build a new facility?” are more easily answered when a strategic plan is already in place.   

By looking at its strength, its weaknesses, its opportunities and threats; it is able to maximize its strength and minimize or correct weaknesses.  The world is constantly changing and if the business does not change, it will become extinct.

Does your company have a strategic plan?  If you need help, please let me know.

10 Oct
Are You Doing These 7 Keys To Success? Key Number 3
Posted by lois on Wednesday, October 10th, 2012 | permalink | trackback

Implement the Strategic Plan – Key number three in the seven Keys to success is to implement the plan.  The first key was to know where you’re going.  The second key was to develop a plan to get there.   Now we need to implement that plan.  We can plan and plan and plan and if we don’t implement the plan nothing will ever happen.  We’ve all seen people like that.  They are great at coming up with an idea and they may plan it out to the smallest detail, but they can’t seem to get it off the ground.  You may have even done it yourself, I know I have.  Here is a personal example.  I used to be a sales director with Mary Kay cosmetics.  During our seminar in Dallas I would decide on some new goals and then I would plan it out on the plane ride home.  Often times when I got home fear would set in and I would reason why I couldn’t do it even though others could.  Our minds are funny things.  We can reason ourselves into or out of almost anything.  We can always find an excuse and we don’t have to look very hard to find one.  Sometimes we reason that we will do it tomorrow.  Then one tomorrow turns into another turns into another.   Pretty soon it’s a week, two weeks, a month, and eventually the year has passed and we have not implemented our plan.  That happens with many companies.  They spend a lot of money developing a strategic plan and then they set it down only to forget about it and a year later they realize “hey we’ve got that strategic plan someplace.  I wonder how we did.”. So that plan was pretty worthless to them.  I’ve also had clients who have hired another consultant to help them develop a strategic plan and the plan is so vague they don’t know where to start… so they don’t (start).

Implementation starts with making sure you have action steps that people can start acting on immediately.  We also want to drive the organizational initiatives from the plan down to the team and individual level so that people are working on them on a day-to-day basis.  We all know that little things add up.  A $100 dollars can go pretty quickly one dollar here, five dollars there.  The reverse is true as well.  So when working on your strategic plan, remember that small actions make a huge difference.  Doing little things on a daily basis and driving the initiatives from the strategic plan down to each individual’s daily actions assures progress on the results that you wanted to achieve.

So the third key to success is to implement the strategic plan.  Watch for key number 4 and contact me if I can help.

25 Sep
Are You Doing These 7 Keys to Success? Key Number 2
Posted by lois on Tuesday, September 25th, 2012 | permalink | trackback

Develop a plan. Once you know where you are going, you must develop a plan on how to get there.  Your plan is your roadmap.  It will take you from point A to point B.  If you were driving from New York City to San Francisco you would use some sort of a map to get you from one place to the other.  Whether you bought a road map or atlas or you mapped your route on your computer or you use your GPS on your phone or some other device you would have a map or guide to follow.  Without a map you might be zig zagging across the country ending way off course and wasting time and money spent in extra gas, hotel rooms and food.  You might end up going through rush-hour traffic in Chicago or you might go to an event you’d like to see and find that it is closed on a Sunday, the day you arrive.  Having a roadmap makes you much more efficient and saves expense.

That’s why we develop a plan…so that we can save resources…resources such as time, people or man-hours and materials.  Let’s talk about time first.  Have you ever done something without a plan such as remodeling of room where you ended up putting the carpeting down and realized later that you hadn’t painted the ceiling yet?  Now you have to waste time covering the new carpeting so you don’t get paint all over it.  Your thought probably was “What a waste of time!”  And you were right.  A plan would have saved you the lost time.

Next let’s talk about people.  You’ve seen or may have worked in a company where a project was initiated and yet not fully planned.  A team of people or even one individual may have worked on the project only to have the project dropped before completion to start another project.  Think of the man-hours lost…another lost resource.

We could use the same scenario when it comes to materials, but let’s look at another one too.  Have you ever been working on a project where you didn’t quite know what you were doing… you hadn’t planned it out first.  We did something like that when we were replacing our soffits on our house.  We bought the material and we cut the pieces of fraction of an inch too short.  The pieces went in and we thought everything was fine because they looked great.  On the first windstorm they blew out.  All that material was wasted.  Companies can waste hundreds of thousands of dollars in materials for poorly planned projects.

You know that the failure rate for new companies is very high.  I’ve seen figures around 85% failures in the first year.  One reason is they don’t invest in developing a strategic plan because it is an added expense.  They zig one way and they zag another way using all three resources; time, people and materials until they’re all out of money and they close their doors.

So the second key to success is to develop a plan.  Watch for key number 3 and contact me if you need help now.