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Strategic Planning for Your Small Business

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Finalize the Strategies for Your Strategic Plan

Your strategies are the general methods you intend to use to reach your vision. Although strategies are embedded in all elements of your strategic plans, consider listing the top one to two strategies [more…]

Make Your Strategic Short-Term Goals SMART

Realistic goals ought to serve as a tool for stretching a company and its strategic plan to reach its full potential; this means setting goals high enough to be challenging to energize the company and [more…]

Write Your Long-Term Strategic Objectives

Strategic objectives are the general areas in which your effort is directed to drive your mission and vision. With strategic objectives, the company moves from motive to action. Strategic objectives define [more…]

Strategic Planning: Build Your Road Map

As your strategy map tells your interrelated strategy story, your road map shows you mileposts from current to future. Strategic planning is as much about the strategy, as depicted in your strategy map [more…]

Assemble Your Strategic Plan

It’s time to take all the research and strategic planning work you’ve done up to this point and put it together in one comprehensive document. This task may seem tedious, but you can no doubt find someone [more…]

Manage Your Strategic Plan’s Performance with a Scorecard

After you’ve researched, developed, and assembled your strategic plan, you’ve reached the point where you can actually operationalize and give your plan life. Remember that C-level leaders and board of [more…]

How to Measure Your Strategic Plan’s Success

You’ve developed your strategy plan and have a clear road map designed to reach your vision. The next step is to put your plan into action and manage the process as well as the plan’s performance. Creating [more…]

Determine Targets for Measuring Strategic Planning Success

When measuring the effectiveness of your strategic plan, measures should be placed in context of a target to be reached in an identified time frame. The following are different ways to select your targets [more…]

Build Your Strategic Planning Scorecard

Although scorecards for measuring your strategic plan are effective, they can also be daunting. For your first crack at this tool, consider just building your scorecard for high-priority goals. Identify [more…]

Clear Strategic Planning Goals Produce Results

Organizations that execute with excellence focus on a handful of clear goals and align the focus of every department and employee to those few goals. Take FranklinCovey Co. and Harris Interactive, Inc. [more…]

Cascade Goals to Annual Action Plans

By the time company managers get to the action planning part of strategic planning, many are tired and worn out from all the work leading up to this point. But don’t stop yet! Setting action items and [more…]

Cascade Goals into Actions: Spreading Goals to Different Departments

When implementing your company’s new strategic plan, the planning team should ensure that the department level goals achieve the corporate goal after all department goals are completed. Follow these steps [more…]

Tips for Cascading Goals to Annual Action Plans

When you’re figuring out how to measure the success of your strategic plan, you’re basically developing an action plan for each goal. An action plan explains who’s going to do what, when they’re going [more…]

Avoid Land Mines in Your Action Plan

The design and implementation of your strategic plan depend on the nature and needs of the organization. Some organizations are more political, departmentalized, controversial, or dysfunctional than others [more…]

How to Ensure Your Plan’s Financial Viability

After you’ve completed your goals and actions, assess the financial viability of your strategic plan. While your action items and goals are fresh in your mind, estimate the costs associated with the implementation [more…]

Strategic Planning: How to Project Your Financial Future

You can see in black and white how successful your business and your strategic plan can be by putting all your revenue and expense assumptions together and projecting them over three years. Projecting [more…]

Strategic Planning: Forecasting with Indicators

When developing a strategic plan, one method of getting a better handle on the future is through extrapolating the past. You can do so by finding a leading indicator that your company’s sales revenue lags [more…]

Distribute Pieces of Your Strategic Plan by Audience

By creating these different versions of your strategic plan based on who is going to be reading it, you will see how much easier implementing your plan is when employees have the information they need [more…]

Strategic Planning: Metrics Make a Measurable Difference

Strategy planners want to see lasting, positive results. Whether you’re internal to your organization or an external consultant, you likely understand the importance of SMART goals. Chartering actions [more…]

Execute Your Strategic Plan

Implementation is the phase that turns strategies and plans into actions in order to accomplish strategic objectives and goals. Implementing your strategic plan is as important as — or even more important [more…]

Strategic Planning: Avoid Implementation Pitfalls

Although implementation of a strategic plan may not be the most exciting topic to talk about, it’s a fundamental business practice that’s critical for any strategy to take hold. The strategic plan addresses [more…]

Strategic Planning: Cover All Your Implementation Bases

Before you start the process of implementing your strategic plan, evaluate your strategic plan and how you may implement it. As a business owner, executive, or department manager, your job entails making [more…]

Get Implementation Support for Your Strategic Plan

Often overlooked are the five key components necessary to support implementation: people, resources, structure, systems, and culture. All components must be in place in order to move from creating to activating [more…]

Strategic Planning: Determine Your Implementation Plan

Implementing your strategic plan includes several different pieces. Executing a plan can sometimes feel like it needs another strategic plan of its own. Use the following set of comprehensive implementation [more…]

Strategic Planning: Ensure Accountability to the Process

Accountability is key to successful implementation of any strategic plan — hands down. If you and your team don’t have to report to anyone on your progress, the plan may find itself farther and farther [more…]

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