Seeking to align the practice of this methodology at all levels of management, there are two types of management that need to be developed. They are:
Cross-functional management: It concerns the long-term future of the company. The guidelines of this management are related to top management and division between departments. It is the management at the strategic planning level.
Functional management: is related to the routine activities of the company, which require constant improvement and maintenance. By improving the most basic, routine and operational processes, functional management aims to achieve the objectives of strategic planning.
For Falconi, Strategic Planning consists of three plans that must also be developed:
Long-term plan: considered between 5 and 10 years. The strategies defined here relate to the long-term future of the company. To achieve them, it is necessary to make structural changes to the business.
Medium-term plan: considered up to 3 years. In this plan, the targets are defined relative to the previously structured planning to reach the general objectives of the company. It includes the financial projections for the goals to be achieved.
Annual plan: it details all the important points of the first year of the medium and long term plans. This initial planning will shape and define what will be done at the beginning. In this way, it will serve as a basis for comparison and development in the coming years.
Both the short-term plan and the long-term plan need to be reviewed annually and must be constantly updated.
Conclusion
The use of the Falconi method has helped several companies to survive in business by returning satisfactory results, such as the effective implementation of a strategy through the distribution of initiatives, and the identification and correction of chronic problems with the help of the PDCA.
By using the Falconi method, the company is able to standardize its short to long term planning processes, strengthen the organizational culture and engage its employees.
Therefore, it is important to be cautious in its implementation. As this is a method that ends up leaving collective and individual goals exposed and therefore employees may feel pressured to achieve them.
Remember that employee engagement is essential for the strategy to work and for this to be done, everyone needs to feel motivated by the goals and their outcomes.
Focus on a clear management, with realistic goals and well-structured teams to considerably increase your results and achieve your goals!
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