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OPEN MINDS Management Newsletter

Learn about new business models and the latest management best practices in our monthly, how-to guides on trending issues. Knowing the market—and knowing how to manage your way to success in that market—are two different issues. For thirty years, we have shared our field-tested models developed by our senior advisors and case studies that illustrate the challenges and tips for success.

November 2023 Issue
How To Build An Effective Strategic Implementation Plan: Making Strategy A Reality:
The OPEN MINDS Management Newsletter, November 2023
Plan Your Strategy, Implement Your Plan

Scott Fitzgerald said, ā€œAn unread book is just a block of paper.ā€ I would argue that an unimplemented strategic plan is equally useless.

I’m a big believer in strategic plans—for many reasons. The planning process is an opportunity to coalesce an executive team around a common set of goals and path forward, as well as prepare…

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Making Your Strategic Plan A Reality: Building An Effective Strategy Implementation Plan

ā€œStrategy without tactics is the slowest route to victory. Tactics without strategy is the noise before the defeat.ā€ Sun Tzu, Art of War

Sun Tzu’s Art of War is certainly one of the most famous studies of strategy ever written, and the concept of having a tactical plan for achieving victory—or in health and human services, an organization’s…

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Leveraging Key Performance Indicators For Managing Strategy Implementation

The well-known saying ā€œWhat gets measured gets doneā€ is often attributed to management theorist Peter Drucker. What he actually said was, ā€œWhat gets measured gets managed.ā€ The basic notion is that if you’re measuring something, then the probability of you acting on the information you now have is a lot higher. The simple act of…

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Strategy Implementation: Nine More Tips About Staffing & Budgeting

Successful implementation of an organization’s strategic plan depends on many factors—having a data-driven strategy, monitoring performance against metrics, having a well-defined process and action plan, an appropriate level of executive attention, communication, and collaboration. But one key issue is the inability of an organization’s human capital to change to make the plan successful. If the…

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Aligning The Finance Department To Drive Organizational Sustainability

Strategy drives structure…or so says Peter Drucker. For chief financial officers (CFO), the reality is a little more complicated. There are many factors that influence a market-driven, scenario-based strategy, and in health and human services, those market factors are often changing quickly. This means that CFOs need to view organizational structure as fluid and continually…

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