The Circulatory Strategic Management Overview

One of the issues we still have today is that many companies believe that if it isn’t simple it must be too academic and thus not effective in the “real world of business”.

The KISS principle (Keep it Simple Stupid) is a very appealing operational principle. “Simple”, “direct”, “uncluttered”, “clear”, “easy to grasp” are all terminology used in defining the way we would like our lives, businesses and messages to work. In some cases it is possible and does work. In the case of business thinking and implementation in our era, it unfortunately does not.

It doesn’t matter what market you serve, if you don’t think about your business and pay attention to changing customer needs, methods and tools and adjust on an ongoing basis you run the risk that your competitors will. To think that they won’t is a dangerous assumption.

Focus is crucial for achieving objectives (the actions you undertake to meet your goals). Deciding what to focus on, how and what factors should be considered, how to prioritize them, what time lines and returns need to be accomplished, what decisions and groups of decisions need to be made and interact, is not simple and cannot be “KISSed”.

Examples in the diagnosis of attempts at oversimplification and/or tactical planning within your own company can be assessed simply by answering the following questions;

• Does it feel as though things are somewhat out of control?
• Does it fee like you are fighting fires all the time and never get time to manage the business? (The question now becomes if the “fixes” are put in place, do they align with our strategy or move us further from it?) Do we know what are goals are?
•  Are our accomplishments helping us reach our business goals?
• Do our people know what are goals are and how they impact them?
• Do you have multiple projects or actions going on in different areas of the company and they seem either to never get done, or are done poorly and not the way you wanted?
• Do you feel like you need expertise that you don’t have in certain areas and don’t know where to get it?

If you answer yes to any or all of these questions you are not alone and these principles will help you.

Agility and adaptability define success in today's business climate. It will continue to accelerate. It is more important than ever as companies look at reaching their potential that the employees at ever level of the organization have a good understanding of the strategic objectives and that they have goals and are compensated, measured and rewarded based on job metrics that provide a "line-of-sight" to the objectives.

Performance Capital® Services Top 10 Reasons Strategic Performance Management

1. Engages everyone in the organization in the understanding of the business objectives and ties their efforts to directly to achievement of the results.

2. Integrates strategic thinking as a real-time and on-going process Vs a static event.

3. Measurement of processes provides a basis for re-engineering and project prioritization.

4. Visibility provides accountability and better, faster decisions.

5. Provides valuable information in the design of compensation and award plans better aligning efforts and rewards towards organizational objectives.

6. Potential to provide information for benchmarking against external sources.

7. Assists in the communication of management changes and decisions as people become more educated about the reasoning and goals through the process.

8. Presentation of visible metrics at optimal periodicity is motivating and can be used for competition and contest.

9. Improves Net Income by improving the use of scarce organizational resources.

10. Allows measured responses to market threats and/or opportunities.