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Strategic Planning – Planning for Success using your Strategic Roadmap.
Written by:Article Overview: So what is a business strategic plan? Basically it is a combination of what you want your business to be and a roadmap to get. Here’s how to get your company focused, stable and profitable.
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Strategic Planning – Planning for Success using your Strategic Roadmap.
So what is a business strategic plan? Basically it is a combination of what you want your business to be and a roadmap to get. Here’s how to get your company focused, stable and profitable.
1. Company Vision: Start off by deciding your company’s vision. What do you want your business to be to your clients, your competitors and your staff? Describe what you business will look like, what it will sell and to whom.
2. Core Values: What will be your company’s core values? How do you want your company to operate in its market? What do want your company to be recognized by? For example The Body Shop built it’s empire on quality, low cost body products, ethically produced from natural products, without testing on animals and sold in basic containers.
3. Company Objectives: What do you want your company to achieve in the next 5 years?
4. Company Plan: Define a 5 year and 1 year plan, with broad timescales, milestones, goals and deliverables. Set yourself benchmarks that you can measure your success by.
5. Staff Involvement: You senior staff should have clear input into your business strategy and company plan. All of your employees should be aware of the plan and business strategy. There should be a review and comment process in place so that they may have buy-in to the business strategy.
6. Progress: Start you plan with a fan fare, involve everyone. Check frequently on your progress, review this against your goals, benchmarks and objectives. Make adjustments as required. Declare your wins to everyone with congratulations. Plan for adjustments to meet your failures – announce this with encouragement.
7. Enjoy the Process: As you become more experienced with strategic planning it will become easier and more natural. Enjoy the process and reap the benefits in a more focused and profitable business.
Strategic Planning + Reviews = Stable Business + Focused Business + Profitable Business + Happier Staff
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Article Tags: benchmarks, body shop, business strategy, company objectives, company vision, containers, core values, empire, encouragement, fan fare, milestones, profitable business, roadmap, s vision, stable business, staff involvement, strategic plan, strategic planning, testing on animals
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Different Hats
- CEO Sales & Marketing & Leadership Development Company
Strategic Vision 10
Alliances & Growth Strategies 10
Hiring & Managing People 8
Mentoring 8-9
Strategic Planning for Clients 10
Execution of Marketing Campaigns 9-10 (i have great people who do the nitty gritty)
Financial Management 9
Bookkeeping 3 (outsourced as I really hate the fine details like GST0
Administrative Follow Up 6-7 (again have great staff)
Writing & Publishing 9 (getting better all the time!)
Speaking 10 (so I have been told)
Self Promotion 9-10
Web development & Promotion 6-7 (learning more and have brought on players who are 10+)
Babysitting Employees (1 - wont do it, that's why I work so hard to hire and motivate the people I have)
Great topic Kevin!!
Jude
HRPreneur
- Hi everyone,
I am new to the forum and I recently started my own Human Capital (HR) consulting firm called HRPreneur Inc. HRP focuses on making human capital a strategic differentiator for SME's.
Below is a summary about HRP;
Who We Are:
HRP is a Human Capital consulting firm with 30 years of experience that becomes an extension of your company by providing a full array of services to help you create a highly engaged workforce focused on achieving strategic results in order to build a long lasting great company!
Mission:
HRP provides small and medium sized businesses a Strategic HR Business Partner to increase employee engagement, resulting in cost savings, increased productivity and results at an affordable rate!
Vision:
To inspire and warrant SME's reach their full competency!
Cost Effectiveness:
We provide over 30 years of experience at a fraction of the cost at a strategic executive HR business level
You will save between 50% to 60% in costs per year on salary, bonus, benefits, training, office space alone
We will provide you additional cost efficiencies through our services
Services:
• Strategic Human Resources Planning
• Organizational Redesign
• Change Management
• Organizational Culture Development
• Employee Engagement Programs
• Leadership Assessment and Development
• Compensation Design
• Talent Acquisition
• Assimilation and On-Boarding
• Performance Management
• Talent Management & Succession Planning
• Human Resources Due Diligence
• Human Resources Audit
• Full Service HR Outsourcing
Re: How do you make the most of your day?
- Planning, To Do lists, and deadlines all help me.
Also being self critical of my own time management helps me raise the bar.
I still check email too often though.
Re: Essential Leadership skills
- Vision
Values
Mission
Strategic Thinking
Decision Making
Communication
Team Bonding
People Development
Coaching / Mentoring / Guiding / Grooming
Presentation
Thanks
Robert
Re: Success
- I think it was Gary Player who said the harder I practice the luckier I become when it came to his success as a world class golfer. Planning and dedication to a task can make all the difference between success and failure.
MichelleJ
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