(Note: Thought you might find this post valuable that I originally posted on my blog at theamsight.com.)
When you begin the year basking in the post planning afterglow (ok, maybe that’s just me), it’s easy to have crystal clear clarity on your goals, objectives and the priorities for the year. Widely Important Goals? Check! Key objectives set? Check! Laser focus? Check, check, check!
And then life happens.
It’s far too easy for important, strategic goals to get hijacked by those urgent “now” demands that consume most of our days.
Whether you’re a solopreneuer, a CEO, or a team leader, now is the perfect time to revisit, re-evaluate and recommit to those crucial goals.
To make it easier, I’ve identified the following four steps in this review process. I’ve also provided two templates you’ll want to make sure you download.
- Recommit to Goals
- Refine Actions
- Create Capacity
- Operationalize Reviews
RECOMMIT TO GOALS:
The first step in the review process is to recommit to your goals. First, you want to make sure those goals still serve you. Business moves fast and to be agile, you must identify whether the “why” of your goal is still relevant. The strategic plan review template is a great tool to help you and your team reassess and if appropriate, recommit to the goals that matter the most for the balance of the year.
This template includes very detailed instructions, but basically, it’s designed to help you identify the critical few goals you want to commit to and focus on achieving. The steps are:
- Evaluating the Goals: Review the strategic objectives or annual objectives you set at the beginning of the planning period. Are these still essential to achieving your most important organizational goal? If so, why? Are there new goals or opportunities that need consideration? As a team, rate how critical each of these objectives is to achieve the overall organizational goal.
- Uncover the Critical Few Goals: My rating system combines the weighting of “how important the goal/project is to achieving the overall strategic goal of the organization” and “likelihood of executing in the current year.” (For the critical few goals/objectives you determine from this evaluation, you will develop a 12-week action plan in the next phase of this review process.)
- Risk Assessment: For those goals you’ve deemed critical to success, there will always be challenges and risks. Take this opportunity to think about what those risks might be, how you can mitigate those risks and how you will respond should the risks materialize despite your best efforts. Simply the process of thinking through these risks will be tremendously valuable to your team.
NOTE: Don’t do this evaluation in isolation if you work with a team. It’s most valuable when performed with your teammates.