by Karen Sock
Investing in a strategic plan is critical to the longterm success of your business or organization.
We all get busy and we spend a great deal of time focusing on what is immediately in front of us. Taking care of the daily demands of your business is important. However, planning for the future is equally important.
Taking time out of the day-to-day to look at your business or organization in a holistic manner to determine your strategic priorities for the next three to five years is critical to your success!
Here are some keys to a creating a successful strategy:
GET STAKEHOLDERS’ INPUT
It is important that all leadership, key contributors and business partners in your company or organization participate in the planning process. There are lots of key stakeholders in every business and organization.
KNOW YOUR WEAKNESSES
Scan the business environment and be honest about what you do well and where you need to improve is an important part of the process.
KNOW YOUR OPPORTUNITIES, THREATS
Take a look outside of your business or organization so that you are informed and proactive in seizing opportunities and meditating the impact of negative circumstances that are outside of your control.
CREATE ACTION PLANS
A strategic plan is a dynamic living document that outlines the key strategies and supporting action plans that are the roadmap for the future success of your business or organization.
Take time out to think critically and invest in a strategic plan.