Wednesday, December 28, 2011

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Asks Enterprise Risk Management (ERM) Expert and Speaker

December 28, 2011 – Atlanta, GA – "Too many strategies suffer from blue-sky syndrome as a result of executive blind spots," warns Gary W. Patterson, FiscalDoctor® and author of the forthcoming 2012 book Finding Your Million Dollar Blind Spots©.

The reason why strategic planning sessions have become the laughing stock of corporate America in recent years is because too many executive teams refuse to roll up their sleeves and tackle the real issues and challenges they face. Instead, they put on blinders and craft strategies that are detached from the company's bottom line performance and market conditions.  For the most part, group-think mentality sets in and everyone goes along for the ride…usually heading in the wrong direction. Take the basic test below to see if your executive team suffers from blind spots.

1. Is your balance sheet based on facts and a rock solid analysis of your company's performance over the past two years? Or, are you manipulating the numbers to make the company and the executive team look good?

2. Has your top down strategic plan and budget been tested with bottoms up verification?

3. Does your five-year strategic plan sound suspiciously familiar by years four and five? In other words, does your executive team plug in the same financial assumptions articulated in an older plan?

4. Do you praise and pat each other on the back for all your hard work, knowing in your heart of hearts that many serious problems have been swept under the rug, including some dead weight? 

5. Do you leave the strategy meeting knowing full well that there are a few white elephants left in the room?

If you answered yes to any of these questions, you are undoubtedly suffering from blind spots.

About Gary W. Patterson

Gary W. Patterson, president & CEO of FiscalDoctor®, works with leaders who want to uncover their blind spots so that they can make better decisions.© He has helped  companies spanning supply chain, high tech, transportation, construction, and service industries. Patterson is a well-known speaker on enterprise risk management (ERM), operational risk management (ORM), strategic budgeting, risk assessments, leadership, and change management. His forthcoming 2012 book is titled Finding Your Million Dollar Blind Spots: What the CEO Needs to Know and Doesn't: The Why and How To Tell Your CEO". For more information on the FiscalDoctor, visit his website at www.fiscaldoctor.com. Patterson also offers a "free" fiscal fitness test at www.fiscaldoctor.com/fiscaltest.html. He can be reached at 678-319-4737.

© 2011 Gary W. Patterson All Rights Reserved. ###

Gary W. Patterson

Trusted Advisor

FiscalDoctor Inc.

Alpharetta, GA

781-237-3637