There Is No Effective Business Plan Without A Strong People Plan

executive leadership
During this past week, I spent a full day in a strategic planning session, for a business in which I am an independent Board member of the business. First, let me compliment the CEO of this business for pulling together this strategic session and inviting not only his senior team but Board members in effort to get all involved in the development and buy-in of this plan going forward. The session was very well done and that started with pre-session calls to each participant by the strategic session facilitators to gather data, opinion and information which would allow the session to begin with a running start and real time data. In addition, the session was very focused in our day long session in terms of actions, breakouts to facilitate uncovering priorities, and focusing on the outcomes for the business to go forward in a unified financial, market and resource direction.

While I think you get from my notes above that this was a very effective strategic session and I know that most of my readers are aware that I don’t really believe you have a business without this type of strategic planning, I want to share with all of you the most often discussed subject throughout the day as we developed the plan. I am sure by now that you have guessed that answer based on the tittle of this blog. If not, I will tell you the number one subject that came up over and over again was the personnel needed to execute/implement the plan over the coming year. In fact another Board member in the room, even made the statement much like my title for the blog which was to my best recollection, “the best people beat the best business plan every time!”

So, while I would like to write more about the strategic planning process and the necessity to do this at least once a year, I want to really close this blog with a focus on the people resource part of business planning. Again as I have shared with so many, I believe there is no real business until a business identifies its success factors (price, share, asset leverage) and a strategy to get to these success factors. However, at the heart of closing the gap between the success factors and the strategy is two absolutely essential components—people and processes. While I will write more about this in the future, I wanted to share with all of you again, just as I write in my book, that real business success is not in the planning but in getting the best people in place to execute the business plan!

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