Businesses are turning to consultants to guide their next steps now more than ever. Seeking help just makes sense if you want to strengthen the foundation of your business in order to support the growth you want to achieve.
Strategic planning is a process companies use to identify goals and the strategies necessary to accomplish those goals. The strategic plan creates an internal performance management system to monitor and evaluate progress. For example, a SWOT or gap analysis can be used to identify the underlying factors driving current performance.
The strategic planning process creates a plan document that serves as a roadmap for the organization. While each organization is unique, the essential elements of any strategic plan include:
Although individual departments may monitor sub-goals, senior leadership is responsible for the ongoing performance of the plan.
After the strategic plan is established, all employees are responsible for executing the plan strategies and monitoring progress.
In addition to the initial start-up phase, strategic planning can be a helpful process throughout the life of a business
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