Sucessful Companies Do

Whether you are planning to grow your firm for the 21st century or you are providing business planning for your clients, a lesson from top-performing companies can help.

According to AnswerThink [1], a consulting group, top performing companies integrate strategic planning with tactical and financial planning processes. More than two-thirds of companies worldwide currently rely only on financial planning to realize business goals.

Successful companies also don’t keep strategy a secret. They share it with all levels of the organization. The survey indicates this is a prevailing characteristic for top performing companies as is tying incentives and rewards to strategic goals.

Survey top performers completed strategic planning in a relative short amount of time, tailored custom reports to help managers understand what is “important,” and focused on action plans rather than budgets.

For more information, contact James M. Kenny [2] at Hackett Benchmarking Solutions (the research arm of AnswerThink) or call 330.656.3110.