Archive for 2015

In 100 Words: Calibrating Your Annual Plan

Saturday, March 14th, 2015 by Troy Schrock

How is your annual strategic plan faring now that we are almost 90 days into the year? In What Makes an Effective Executive, Peter Drucker makes this statement regarding the strategic plan:

“It must not become a straightjacket. It should be revised often, because every success creates new opportunities. So does every failure. The same is true for changes in the business environment, in the market, and especially in people within the enterprise – all these changes demand that the plan be revised.”

It’s hard to say it any better. What fine-tuning adjustments do you and your team need to make?

“A written plan should anticipate the need for flexibility.” Peter F. Drucker

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In 100 Words: Consciously Carve Out Think Time

Saturday, January 31st, 2015 by Troy Schrock

Leaders commonly bemoan their lack of time to think. They know dedicated think time is a prerequisite for high value producing activities – creating, innovating, problem-solving, planning and prioritizing.

However, days are spent juggling tactical, low value producing activities. Even efficiency gains (many via technology) are easily squandered on other technologies which add little to no value (e.g., email).

The solution is simple – schedule think time in your calendar. Then, avoid the temptation to over-ride these commitments. Turn off email and phones. Even a couple hours of focused, uninterrupted thinking time two or three days each week will make an impact.

“Rarely do we find men who willingly engage in hard, solid thinking.” Martin Luther King, Jr.

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