By: Brian Ragan, Senior Strategic Management Consulting Services
The following is part 15 of a multi-part series on The KHA Way, KHA Management Consulting’s Integrated Service Offering. This blog series includes the benefits of using KHA Management Consulting Services and the components included.
Previously, we discussed the second phase, the Offering Alignment, of KHA’s three phases of corporate strategy. In this post, we will go more in depth into the third phase of corporate strategic planning, an organization’s Short-Term Tactics. This will look at how your firm takes actionable steps to reach your Long-Term Blueprint by putting your Offering Alignment into action.
Your firm’s Short-Term Tactics are not only a couple of devices that are aimed at guiding action. The tactics are also a set of meetings on a timeline that are aimed at helping you get closer and closer to your 10-Year target that you defined in your Long-Term Blueprint. The devices used in defining your Short-Term Tactics are your 5-Year Change Missions, 1-Year Plan, and Quarterly Targets. These items are to be discussed, prioritized, and assigned ownership to your leaders during quarterly meetings. The progress towards these goals must be continuously documented in those meetings as well. If you would like help in organizing these devices and facilitating quarterly meetings, please let us know. At KHA Management Consultants, quarterly target meetings are one of our favorite consulting offerings.
After you complete our 5-Year Change Missions planning session, you should have a clear and concise vision of what the organization will look like and grow to over the next five years. Your vision will include revenue projections and profit figures as well as targeted metrics. Targeted metrics include metrics on the number of employees, cultural changes, client demographics, and 10-20 other facets of your organization that you either desire to change or want to enhance further. We will help you craft these targets and communicate them to your team. We must figure out how to get there during the next session.
With your 5-year Change Missions in hand, we will work with you to create tangible action items that will dominate the next 12 months of your organization’s existence. These action items will have metrics tied to them, which should be reflected on a dashboard and be tracked on a daily, weekly, or monthly basis. Our team will advise you on how obtainable your goals might be and guide you on what obstacles you may be facing soon. In addition to this, as your trusted advisors, you will have access to our team of experts at each crossroad you encounter.
At KHA Management Consultants, we work with mid-market industry leaders to identify what makes the organization, its stakeholders, and its’ employees tick. We facilitate Process Alignment with your organization’s key constituents to ensure buy-in, ownership, and a new way of thinking about the organization and its stakeholders amongst all levels. From a resource perspective, we primarily use our unmatched experience but also tap into the top-level resources such as those made available by Harvard Business Review, relevant strategic management authors, and MentorPlus. Some of those materials, frameworks, and lessons have been used in authoring this series.
KHA Management Consultants, the consulting department of KHA Accountants, PLLC, based in Flower Mound, Texas, is always looking for opportunities to work with key clients ready to take their organization to the next level. If you have a desire to improve, take the first step toward success with the strategic management experts, and contact us at 972-221-2500.