Small Business Today Magazine MAY 2014 CUSTOMIZED REAL STATE SERVICES | Page 20

EDITORIALFEATURE Visioning Scope- Applying Vision toward Your Organization’s Progress By Hank Moore, Corporate Strategist™ V ision is a realistic picture of what is possible. Visioning is the process where good ideas become something more. It is a catalyst toward long-term evaluation, planning, and implementation. It is a vantage point by which forward-thinking organizations ask: “What will we look like in the future?” “What do we want to become?” “How will we evolve?”   7 Steps toward Strategic Vision:  1. Analyze the company’s environment, resources, and capabilities. Determine where the Big Picture existed before, if it did at all. Crystallize the core business in terms of viabilities to move successfully forward to some discernible point. 2. Clarify management values. Usually, management has not yet articulated its own individual values, let alone those of the organization.This process helps to define and develop value systems to create success. 3. Develop a Mission Statement. It is the last thing that you write and not an end in itself. In reality, the Mission Statement is rewritten several times as the planning process ensues. The last draft of the statement will be an executive summary of collective ideas and works of the Visioning Team. 4. Identify strategic objectives and goals. I ask clients to do so without using the words: “technology,” “sales,” and “solutions.” Businesses fail to grow because they get stuck in buzz words and trite phrases that they hear from others. Technology is a tool which feeds into tactics.  Sales is one of dozens of tactics which an organization must pursue. Tactics feed into objectives which feed into goals which feed into strategy which feed into vision. 5. Generate select strategic options. There are many ways to succeed and your game plan should have at least five viable options. When the Visioning Program matures and gets to its second generation, you’ll find that winning formulas stem from a hybrid of the original strategic options.  Creative thinking moves the company into the future. It never rehashes its earliest ideas. 6. Develop the vision statement. It will be action-oriented and speak from the facts as well as from the passion of company leaders. It will include a series of convictions why your organization will work smarter, be its best, stand for important things, and be accountable. 7. Measure and review the progress. By benchmarking activities and accomplishments against planned objectives, then the company has a barometer of its previous phase and an indicator of its next phase.   7 Biggest Visioning Challenges: 1. Settle the organization’s short-term problems. Otherwise, they will fester and grow.  Many organizations fail because they deny the existence of problems, proceed to place blame elsewhere or hope against hope that things will miraculously get better. Unsolved problems turn into larger roadblocks to growth. 2. Never let the vision lapse. Keep the vision grounded in reality through benchmarked measurements. Keep the communication open and the people will keep the enthusiasm alive. Renew the vision every five years with a formal process and include newer employees. Stay on top of the latest in business strategies. Therefore, you will 18 SMALL BUSINESS TODAY MAGAZINE [ MAY 2014 ] have the advantage over emerging competitors. 3. Effecti