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Execute For Growth

Execute For Growth. 2 Day Annual Planning Session. Release: 11-1-12. Opening Session. Objectives Review & confirm our strategy Set Annual Goals and 3-5 Key Initiatives for the new year Begin/Finish Q1 Execution Plan Create plan to cascade to teams & roll out to the rest of the company.

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Execute For Growth

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  1. Execute For Growth 2 Day Annual Planning Session Release: 11-1-12

  2. Opening Session • Objectives • Review & confirm our strategy • Set Annual Goals and 3-5 Key Initiatives for the new year • Begin/Finish Q1 Execution Plan • Create plan to cascade to teams & roll out to the rest of the company

  3. Agenda • Opening Session • Welcome • Review Previous Year • Review Prep Work • Part 1: Strategic Thinking • Review Strategy (Col. 1-3 OPSP) • Strategic Discussions (Agenda Items) • Winning Moves • 3-5 Year Plan • Part 2: Execution Planning • One Year Plan • Q1 Execution Plan • Cascade Plan • Communication Plan

  4. Opening Session Step 1 Check In • Everyone share: • a piece of good news • or a recent victory • or a brag 4

  5. Opening Session Step 2 The Year in Review • Results • What was our plan? • What did we accomplish? • Brightspots • What improvements did we achieve? • What worked well that we can use going forward? • Lessons Learned • What did not work so well, and what did we learn from it? 5

  6. Opening Session Step 3 Review Prep Work • Each person shares their: • Stop/Start/Keeps • Opportunities & Threats • Vote and agree on the top SSKs • Vote and agree on top 3 Opportunities • Vote and agree on top 3 Threats

  7. Agenda • Opening Session • Welcome • Review Previous Year • Review Prep Work • Part 1: Strategic Thinking • Review Strategy (Col. 1-3 OPSP) • Strategic Discussions (Agenda Items) • Winning Moves • 3-5 Year Plan • Part 2: Execution Planning • One Year Plan • Q1 Execution Plan • Cascade Plan • Communication Plan

  8. Strategic Thinking Part 1: Strategic Thinking • Step 1: Review Strategy • Step 2: Strategic Discussions • Step 3: Winning Moves • Step 4: 3-5 Year Plan

  9. Strategic Thinking Step 1 Review Strategy • Review the first three columns of the One-Page Plan: • Core Values • Core Purpose • BHAG • Brand Promise OR..... • Spend time working on ONE of these items

  10. Strategic Thinking Strategic Discussions Step 2 • Specific Agenda Items • Develop with the help of your Rhythm Coach

  11. Strategic Thinking Discussion Framework Step 2 • Successful Discussion if.... • List the Facts • Brainstorm ideas (keep these positive) • Any risks to consider? • Intuition (really like and want to sell us on before we vote) • Vote (3 votes each to determine the top items to do) • Conclusion – Actions to Take

  12. Update changes in Rhythm Strategic Thinking 12

  13. Strategic Thinking Step 3 a Winning Moves • A Winning Move is a specific 3-5 year Strategy designed to dramatically increase revenue. • Evaluate progress and potential of current Winning Moves • OR • Brainstorm new Winning Moves if needed

  14. Strategic Thinking Step 3 b Brainstorm Winning Moves • Brainstorm 20 ways to increase revenue • What are we GREAT at? • Revisit our BHAG, Brand Promise • New markets, new products • Vote and narrow down to top 5-10 for evaluation

  15. Strategic Thinking Step 3 c Evaluate Your Winning Moves • Use the Winning Moves tool to chart each of your top 5-10 moves • Identify the Winning moves you want to pursue • Your goal is to identify 1-3 Winning Moves to include in your 3-5 Year pan

  16. Strategic Thinking Step 4 3-5 Year Plan • Set revenue and profit targets • In addition to your Winning Moves, what other Operational Thrusts/Capabilities must you develop to achieve your targets? • The right mix will include: • 1-3 Winning Moves • 2-3 Operational Thrusts/Capabilities

  17. Strategic Thinking Update changes in Rhythm 17

  18. Summarize • We have completed Part 1: Strategic Thinking • What have we accomplished so far? • Each person share a favorite takeaway from our • Strategic Thinking time.

  19. Agenda • Opening Session • Welcome • Review Previous Year • Review Prep Work • Part 1: Strategic Thinking • Review Strategy (Col. 1-3 OPSP) • Strategic Discussions (Agenda Items) • Winning Moves • 3-5 Year Plan • Part 2: Execution Planning • One Year Plan • Q1 Execution Plan • Cascade Plan • Communication Plan

  20. Execution Planning Step 1 Part 2: Execution planning Step 1: One Year Plan Step 2: Q1 Execution Plan Step 3: Cascade Plan Step 4: Communication Plan

  21. Execution Planning Step 1 One Year Plan • Create Destination Postcard • Set revenue and profit goals • Agree on 3-5 Top Key Initiatives • Determine Accountability, Milestones & Red/Yellow/Green

  22. Execution Planning Step 1a Create a Destination Postcard for Dec. 31st • Imagine that you have a time machine. You zip to the end of next year... you had a great year! • Describe the feelings and the vision of your successful year • What were the Top 3 things that you achieved?

  23. Execution Planning Step 1a Use the Annual Planning Destination Postcard Tool • Each person should share: • Tell us about your great year... what happened that made it great? • What are the top 3 things or projects that made the year great? Each team member shares.

  24. Execution Planning Step 1b Set Annual Goals • Revenue • Profit % or $ • Market Cap • Cash • Other.....

  25. Execution Planning Step 1c 3-5 Top Key Initiatives • Discuss • Debate • Agree

  26. Execution Planning Step 1d For each Key Initiative • Who owns it? • What is Red/Yellow/Green? • How will you execute it over 4 Quarters? • Which quarter will you emphasize what key initiatives?

  27. Record your new 1 Year Plan in Rhythm Execution Planning 27

  28. Execution Planning Step 2 Q1 Execution Plan • Main Thing/Theme for Q1 • Company Top 3-5 • Individual Top 3-5 Priorities • RedYellowGreen • QA Your Plan • Rhythm It!

  29. Execution Planning Main Thing Step 2a What’s the Main Thing in Q1? Opportunities Threats Start / Stop / Keep Key Initiatives 3 Year Key Thrusts Habit / Skill 29

  30. Execution Planning Step 2b Top 3-5 Company Priorities • What are the Top 3-5 Priorities for the company this quarter? • Assign an owner for each • Determine Red/Yellow/Green criteria for each

  31. Record your Q1Plan in Rhythm Execution Planning

  32. Execution Planning Step 2c Top 3-5 Individual Priorities • What are the Top 3-5 Priorities for each of us? • Determine Red/Yellow/Green criteria for each • Share and agree as a team on each person’s Individual Priorities

  33. Execution Planning Step 2d RedYellowGreen • 2 ways to RYG: • Use a NUMBER • Use a Date • Tips • Focus on specific results • What does success look like?

  34. Execution Planning Step 2e QA Your Plan • Check: • Each of us have Individual Top 3-5? • Bulk of energy focused on #1? • RedYellowGreened?

  35. Record your Q1Plan in Rhythm Execution Planning

  36. Celebrate!!! • We’ve worked hard! • We have: • Reviewed Our Strategy • Set Our Annual Goals • Determined 3-5 Key Initiatives for the year • Started our Q1 Execution Plan

  37. Execution Planning Step 3 Create Plan to Cascade to Teams • Your Rhythm Coach will help you • Schedule your Team Planning sessions • Agenda for session • Share the Company’s Key Initiatives • Discuss and build the Team’s Top 3-5 initiatives for the year & Q1

  38. Execution Planning Step 4 Communication Plan • Make sure everyone in the company understands the company’s goals and priorities for the next year, as well as the execution plan for the first 90 days.

  39. Final Step • Review your Plan with your Rhythm Coach to: • Ensure completeness • Check that you are ready to Do the Work 39

  40. 1 Word / 1 Phrase Close

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