BHAG and Business Planning
Tuesday, October 13th, 2009I’ve been feeling a bit uninspired to write, but that’s probably since I have been writing business plans. So some thoughts on business plans.
Several years ago, I worked with a friend on mine, Herb, on some strategic planning. He is the ultimate in organization and thinking through goals to action. What I really appreciated was BHAG. Not an acronym I was used to, but very relevant. BHAG stands for - Big Hairy Audacious Goal. It is defined by Jim Collins and Jim Porras (Of Built to Last fame) as:
“A BHAG engages people – it reaches out and grabs them in the gut. It is tangible, energizing, highly focused. People ‘get it’ right away; it takes little or no explanation.”
It seems when we come together as business people we can have lofty goals, superfluous statements that do not translate into actionable weekly data. Getting a BHAG defined, helps organizations give voice to the dream. At the same time, while it creates focus, it enables the organization to define was is needed and attainable in the next 6, 12, 18 and 24 months.
Longer term and annual goals can be defined, followed by strategies and actions. Once this is done, the BHAG is the back drop to say ‘ does this get us to where we want to be in the next 5 to 10 years.’ We may get their faster just having it out their. Then again, the basics are in place as well.
Ok, that’s all I got.
Thanks Herb….














