Give an example of short- and long-term growth strategies you set for a client.
An effective growth strategy has a long-term plan, but the success of the long-term plan relies on short-term, tiered goals that build long-term goals. Explain the importance of goal setting, and discuss a time when you helped an organization move toward strategic success in a manner that is aligned with its values and approach.
"A couple of years ago, I helped a healthcare organization on the west coast develop a growth plan that entailed building one new hospital and three new clinic locations over the course of five years. As the liaison for the entire plan, I knew that goal was aggressive but achievable if the right short-term goals were set. In working with high-level leadership and specific department leaders, goals and timelines were set for obtaining funding, building permits, staffing plans, and ribbon cutting from the start. Even to this day, I stay in contact with the leaders on a consultative basis to ensure that any hiccups in the short-term goals help meet the long-term goals. In the end, the success of a long-term goal is always reliant on many smaller short-term goals."
"During my time in manufacturing, I've quickly learned the importance of both short-term and long-term goals in achieving growth goals over time. Hitting short-term goals leads to success in the long term, and I utilize both long- and short-term goals when developing growth strategies. This is best shown when my current organization developed a fiscal growth strategy to increase overall revenue by 25% over three years. We looked in many directions to help this, but our main focuses were increased production and reduced waste. By casting such a wide net here, short-term goals for each aspect of the project were vital to increasing revenue by over 35% in that time frame. What a success!"
At RSM, "we believe that collaboration leads to better outcomes, and we seek and share perspectives to encourage innovative thinking to solve problems and enable others to seize opportunities. We demonstrate collaboration when we: Ask for people's opinions or perspectives. Cultivate diversity and include others. Reflect differing points of view in our questioning and recommendations. Connect across all facets of the firm as we continue to grow in size and complexity. The challenges we tackle in our business and for clients are tough, and no one person can have all the answers. By gathering diverse perspectives and collaborating, each of us will be stronger and better able to help others achieve their best."
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