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Why The Best Leaders Have A Strategic Plan Episode 26

The Solutions Oriented Leader podcast

Release Date: 09/08/2019

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The best leaders in the world understand the importance of strategic planning and their success. In this episode of the solutions aren’t leader podcasts we’re going to discuss why the best leaders have a strategic plan and the importance of the strategic planning process in their business growth and success.

There are a number of reasons why you should implement a strategic planning process in your organization. The number one reason is that no plan is the plan to fail!

It’s important to understand the definition of the strategic planning process wherein managers set short-term and long-term goals for the organization. It is also important to establish metrics in order to gauge where you are and what you need to do in order to accomplish your goals.

Benefits of strategic planning:

  • It gives your team the big picture of what needs to be accomplished and why.
  • It helps you to use your resources more efficiently, saving money and time.
  • It helps to define your culture and the way that you do business.
  • It makes team members accountable for their actions and productivity.
  • It adds to the overall value of your company, Association or organization.

 

Six quick steps to designing a strategic plan:

 

  1. Look at past strategic planning documents and evaluate how well the business attained those goals or fell short of those goals.
  2. Draft a vision statement and allow input from all your key stakeholders.
  3. Use the vision statement as a guide to create a mission statement and the list of company values to support your strategic plan.
  4. Understand and assess any potential roadblocks to meeting your strategic plans, making notes of the limitations an understanding who your competitors are.
  5. Decide how you can to communicate your plan to the entire team in order to get buy-in.
  6. Last create some action steps for your team how will it work towards goals? What should the resource allocation look like? And who is ultimately responsible and accountable for that portion of the plan.

 

These are general considerations to think about you start to design your strategic plan. Reach out and let’s discuss your goals objectives and how we can add value to your company. You can connect with me at [email protected] Or call us at 888-267-6098.

 

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