To begin some definitions are required so we are all on the same page. The definitions that support our premise are the following.
Objectives = Things and Activities that you do
Goals = Milestones and Business Metrics that can be Measured
The objectives, which are the things you want to accomplish in the coming year, lead to the goals you are trying to achieve which are measured by milestone attainment and business metrics. To achieve the objectives and the goals requires a strategy for the business.
The strategy is the focus for each individual business leader within the organization. You must ask yourselves what are the strategic components that each business leader is responsible for and which are collaborative, or co-owned. Your leadership team also needs to look at the tactical aspects that are required to deliver the strategy, the objectives, and the goal attainment.
The tactical activities become the business plan that drives the strategy which focuses all the business leaders on the objectives to accomplish which are measured by the goal attainment.
Your operating plan is now tied to your performance based strategy. Complete your objectives, achieve your goals, and the strategy is fulfilled.
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