It is a process of defining organizational strategy or direction, and making decision on allocating resources (capital and people) to pursue this strategy.
A strategic plan is the formalized roadmap that describes how your company executes the chosen strategy. A plan spells out where an organization is going over the next year or more and how it’s going to get there. Typically, the plan is organization-wide or focused on a major function such as a division or a department. A strategic plan is a management tool that serves the purpose of helping an organization do a better job, because a plan focuses the energy, resources, and time of everyone in the organization in the same direction.
A strategic plan
ü Is for established businesses and business owners who are serious about growth
ü Helps build your competitive advantage
ü Communicates your strategy to staff
ü Prioritizes your financial needs
ü Provides focus and direction to move from plan to action
Factual Solutions© offers training and consultancy services in Strategic Planning. Please contact our office for more information.