Are you hoping to invest more time into growing your business instead of getting bogged down by day-to-day business challenges? In our last article, we put the spotlight on the most important tool for refocusing your energies on your company’s core goals: strategic planning. We concentrated on what a strategic plan looks like, and we …
Strategic planning is a management tool that guides your business to better performance and long-term success—and it's not as difficult as it sounds.
You can't build toward your future if you don't know what you want it to look like.
The short answer is: very collaborative. Strategic planning requires hearing from all levels of the organization; leaders, managers, co-workers, and employees. And at the end of the day, key stakeholders have to agree on the final mission, vision, and a set of objectives to align around and track priorities. When more stakeholders have input into the plan, then they are more likely to drive the implementation…
A strategic plan is a document where you write your business goals and strategies to reach them. Learn how to write a strategic plan for your business.
Plans are often very good things, but traditional approaches can be overwhelming and take too long.
Without a strategic vision, planning is often futile. The end result may be disjointed, unfocused, or overly cumbersome. But, once you identify your broader goal, crafting a strategic plan become simpler as you always have a guiding light to keep you on target.
Strategic planning goes on forever as objectives are met and new opportunities and challenges emerge.
Strategic planning creates sustainability within an organization. A strategic plan is developed to transform static goals into clearly defined, strategic objectives.
Don’t be afraid to give up on a goal that has proved overly ambitious, and other advice for administrators on strategic planning.
A strategic plan is useless without an implementation plan. One association leader shares how her board got smart about tactics.
An FA Insight study finds that RIA firms' strategic plans lack accountability, smart metrics and proactivity.
Companies today purchase the latest and greatest technology, provide minimal training, and then wonder why it’s not adopted across the board. Because it doesn’t actually help with sales execution.
For many executives, the idea of formulating and implementing a strategic plan is intimidating, but if you carve out the time to ask these tough questions and answer them truthfully, I think you will find that strategic planning is well worth it.
The same leaders who use the phrase: "Let's all get on the same page", then send out 110 slide Powerpoint presentations. We take it serious enough to create a
The most important part of any strategic plan isn't the plan itself, but what you get out of the planning.
Every small business needs a strategic plan that lays out your aspirations for your business. The mission and vision can be supported by details not only of the goals and objectives you've set, but also the actions you'll take to reach those goals.
When it comes to strategic planning, there are several key steps that organizations must prepare themselves for. Here are 11 steps to developing your organization’s strongest strategic plan to date:
A new study suggests that strategic planning remains a struggle for boards. A clearer picture of life without a strategic plan may help.