This final “Drucker question” posed by the authors of The Five Most Important Questions is this: What is your Plan?
If you know what you do, who your customer is, what they value, and what your results should be, the final question is about what you are doing to get there. The sub-questions are, “Should the mission be changed?” and “What are our goals?”
This all leads to your plans – long term (multi-year and strategic in nature), annual goals (the 10 or fewer big ones for the current year), and operating plans (work plans, budgets, business plans, cash flow projections, etc.)
Too few organizations are specific about plans at all three of these levels, and of those that are, too few are disciplined in using them as management tools to achieve their desired results.
Perhaps it is time for you to ask some questions about your organization’s plans and how well they are working for you. If your answers are not as positive as you would like, then what’s next?
One final question may be of value. In that Peter Drucker has had such a powerful influence on so many, would you benefit from reading some of his writing or the work of those who have interpreted him? You never know what you might learn and what might happen as a result.
That’s where I am.
If you would like to get a better handle on governance, I simply offer a shameless plug for my book, Board Essentials: 12 Best Practices of Board Governance. A friend who chairs both a corporate and a nonprofit board suggests it as a great primer.
And for more information visit www.boardtrekconsulting.com