What is the hardest part of strategic planning? The answer to that is clearly its implementation. But making the process a ‘whole of organisation’ experience can ensure buy-in and leadership across the business. Bringing in other stakeholders including both suppliers and customers, can further enrich the process.
It is now well established that diversity strengthens companies. It does not—as we have recently seen with some boards—protect against failure.
With the fallout of the Banking Royal Commission expected to continue for a long time following its final report, various corporate experts have called on the need for active corporate values led from the ‘top-down’.
Innovation just doesn’t ‘happen’, nor does devoting a day or two workshopping the topic necessarily fire up the organisation. Before even taking this step, it is probably best to think about what it actually means for you and your team.