Strategic planning is an organization’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It is here that priorities are set.
Whether you are planning a new business, rescuing an old business and growing a current one, our global team is able to sit down with you and your team to evaluate, discuss and project. Our approach is fully customizable – traditional, modern and innovative – we involve ourselves deeply in your business model to come out with the best range of solutions.
Identifying your Core Values is a critical component towards defining your starting point and your journey.
Values really don’t get the credit they deserve! People often see them as a throw-away and vacuous – more aimed at marketing the organization than guiding its true internal behaviors. But a well crafted set of values can be the difference between success and failure in your strategic plan
The values that should go into your strategic plan are not the usual sickly-sweet values you’ll see in corporate marketing videos aimed at customers. Instead they need to be a frank self-assessment of how you want your organization to behave as it goes about delivering against its vision and mission / focus areas. They should ideally reflect the values of your very best people, and the values that have helped you to succeed the most in your journey to date
A Vision is critical for the success of your enterprise
Creating a vision statement is the obvious starting point for defining your overall vision. But you may also want to consider creating a mission statement too. A mission statement differs from a vision statement – A vision statement defines where you want to be in the future. A mission statement defines broadly how you will get there (part of your journey).
A clear vision will help:
- Bring alignment to your organization. People will unify their efforts towards a common goal, driving increased efficiency
- Create goals which are cohesive and focused
- Inspire employees, investors and other stakeholders to invest in your business both emotionally and commercially
A strategic plan is nothing without a set of clearly defined outcomes.
A strategic plan is nothing without a set of clearly defined outcomes. Visions, missions and focus areas are a great starting point – but no-one will take your plan seriously unless you can clearly articulate what steps you are going to take to get there – and what success looks like for each of those steps.
Action + Detail + Metric + Unit + Deadline
A lack of accountability will absolutely destroy your strategy execution
This is such a small detail, but it is also one of the key elements of a strategic plan that so many organizations fail to implement. A lack of accountability will absolutely destroy your strategy execution. Lacking or confusing accountability results in:
- Outcomes not being delivered because no-one knew who was in charge
- Conflicting interpretations of what the business should be working on
- Increased ‘finger pointing’ and hearsay when things don’t go to plan
- No-one taking any satisfaction or pride in the outcomes delivered by their team
You need to define your accountability in your initial strategic plan as a part of defining your journey. Ideally, the people responsible for a particular segment of your plan should also have been critical contributors to the plan itself. That’s the best way to drive engagement and to self-enforce accountability.