There a great verse in the
Bible which states “Where there is no vision people perish”.
Having a plan is vital for any
organization, business, sports etc. Without a proper plan, it is hard to
achieve goals. Hence most of the business indulge in developing corporate strategy planning in order to
achieve the desired goals and results. In order to develop a good strategic Planning, the below mentioned
5 steps should be followed.
1. Start from the point you are
in: A good Business Strategy Planning involves accessing your business from
the view point of outsiders. A honest assessment of the organization will help
you see where exactly you are in the Big picture and will give you a clear cut outline
of how you can achieve the desired goals. The best thing to do is an internal
as well as external audit to complete this assessment.
2. Set the Tone: Once you have completed the assessment and understood
where you are heading. The next thing to do is setting up priorities like
customers, markets etc. Prepare a list of realistic short term goals which will
eventually help you achieve the long term goals.
3. Achievements / Targets: In strategic
planning, most important thing after setting up the priorities is to set
targets of what exactly the company or the business is planning to achieve and
what exactly is the deadline in completing this task.
4. Accountability: Accountability should be part and parcel of the strategic planning. There is saying
that performance improves by monitoring, however it accelerates when it is
returned and reported. Hence departments and individuals should be appraised of
their roles and responsibilities and should be held responsible if there is no
progress.
5. Review: Business Strategy Planning does not end when the plan is
set forth. It requires constant and consistent reviews in order to better the
plan.
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