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2013 Financial Planning, Budgeting & Forecasting Survey |
“Aberdeen Group”• 12% indicated that operational forecasts are not
aligned with overall business objectives suggesting - those in charge of corporate strategy are unhappy with the forecasts prepared by operations because they are inconsistent with overall goals
• 48% indicated that they have difficulty aligning operational execution with financial planning, budgeting, and forecasting suggesting those close to the front line may not have formulated or understood how they are to meet broader organizational goals
2013 “Corporate Strategy Priority Survey” | Frost and Sullivan
Three primary obstacles & challenges to setting and implementing strategy:
(1)Balancing demands for short term profit with long term strategic plans
(2)Insufficient support from Senior Management - 37% of organisations cited change management effectiveness as “below average”
(3)68% cite inadequate communication and 72% don’t identify or address resistors to change
Evolving Management MindsetTraditional Approach & Mindset Evolving Approach & Mindset
4 Employed as a Commitment ToolUsed as a Control Device
5 Focus on Value CreationFocus on Spending Budget
6 Explaining Past & FutureExplaining Past Performance
7 Shared Business UnderstandingSiloed Perspective’s
Collective Ownership3 Management Ownership
8 Continuous ImprovementSporadic Improvement
2 Highly Accurate / Data AvailablityLow Accuracy / Data Shortage
1 Shorter Interval ControlsAnnual Planning and Reviews
Copyright 2014 | ORION SUN TZU™
cogs of strategy
COORDINATION ORGANISATION
INFORMATION
How can we ensure success and develop activity
momentumby aligning people, technology
and processes with goals – “The System”
How do we organise people and what policies processes and framework do we need to support plans
What data do we need to mine; what does it tell us and how can we use this knowledge to make more informed decisions
Copyright 2014 | ORION SUN TZU™
STRATEGY
Where do we want to go or be?
How did we get where we are? What do we need to specifically do or achieve?Where have we come from and
what’s going to happen in the future?What’s our strength’s & weaknesses in reaching our plans and goals?
What do we need to do, when and how? And with what tools?
If things change, what do we need to do to manage and respond to those changes?
How can we ensure things go according to planned? How can we motivate staff?
“The General”
• Ability to Coordinate• Promotes speed• Develops momentum• Clear, fair and bold• Analytical foresight• Justice, righteousness• Responsibly driven
Copyright 2014 | ORION SUN TZU™
