Strategic Planning In Business Management

Strategic Planning In Business Management-86
Whatever your situation, just be prepared to let go and switch strategies as necessary.Corrective action needs to be taken quickly to compensate for the dynamic business environment most organizations operate within.These issues can be problems, opportunities, market shifts or anything else that is keeping you awake at night and begging for a solution or decision.

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1-2 weeks (1 hr meeting with Owner/CEO, Strategy Director and Facilitator (if necessary) to discuss information collected and direction for the continued strategic planning.) Who is going to be on your strategic planning team?

You need to choose someone to oversee the implementation (Chief Strategy Officer or Strategy Director) and then you need some of the key individuals and decision makers for this team.

*To access the worksheets under “Tools & Techniques” please refer to our Strategic Planning Kit for Dummies.

Strategic issues are critical unknowns that are driving you to embark on a strategic planning process now.

An organization that develops and executes a strategic plan gains significantly from the experience, and starting with a working model and then building a tangible plan can be more successful for your organization than having no plan at all.

Over the life of your strategic plan, you may discover that some of the underlying assumptions of your strategy are flawed or incomplete.

An environmental scan is also referred to as a PEST analysis, which is an acronym for Political, Economic, Social and Technological trends.

Sometimes it is helpful to also include Ecological and Legal trends as well.

Move at a pace that works best for you and your team and leverage this as a resource.

For more of a deep dive look into each part of the planning phase, you will see a link to the detailed How-To Guide at the top of each phase.

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