Strategic planning is a coordinated and systematic process of creating a plan for the overall management of a company and allocating resources to optimize future potential. Many companies start with an idea and a desire to be prosperous. Sometimes it works, but more often, it doesn’t. The two reasons are not unrelated, especially in tight financial times. After all, if you don’t invest in an excellent business strategy, such as using pomodoro method, why do you expect anyone else to put money into your business? Planning is more than just a team-building exercise, but among the benefits of using the comprehensive planning process described below is the creation of a good, cohesive management team.
Understand Your Business Orient Participants
Build a shared understanding of the preparation process and framework that provides a vision for your organization. This step defines the big picture of the process and explores options for fully building unique parts of the process. All of the participants in your planning team should come from the functional units of your company. This way, they can offer a different point of view based on their specialty. The end goal of these owners is a key factor in the strategy.
Review Your Goals
Set the starting point and explore options that add value to your current plan. If you are unsure of your position, it will be difficult for you to define your leadership. With a three-question customer-centric exercise, I define your current business and look ahead to the …