Basics of Strategy Development
When establishing or growing a business, we are here to help you create and achieve your ever-changing goals.
Understanding how to improve your company’s growth can help you operate efficiently.
What
A company’s plan to achieve consistent growth by use of specified techniques and detailed criteria
why
Reevaluate and examine the current state of your organization in order to maximize growth
How
Vision, experiences, mission, research & define
When
Yesterday.
Benefits
Who wants to be boring when you could be amazing?
Encourages Productivity
Enables an organization to participate and prepare for the future by predicting unfavorable circumstances and corrective action.
Sense of Purpose
A definite direction and realistic goals that align with an organization’s mission. Success for effective team members.
Improves Productivity
Coordination between leadership and functionality to accomplish specific goals, which improves efficiency and productivity.
Increases Company Productivity
A well executed strategy will maximize the organizational growth and profitability.
Sustains Business Longevity
Continued strategic planning enhances an organization to grow beyond the first achievement. As an organization grows more complex, a refined plan will expand an organization in the long-term.
Components
Key component of implementation to observe objectives and deadlines
Vision & Business Objectives
Create clear instructions for what needs to be done and who is responsible.
Core Values
Guides top-level partners, departments leaders regarding who needs to be doing what and when.
SWOT Analysis
Identifies strengths, weaknesses, opportunities and threats. This analysis allows the company to rely upon its strengths and mitigate its weaknesses and threats.
Tactics
Operational details to maximize effort and efficiency. Team accountability.
Resource Allocation Plan
Locate the required resources in efforts to complete the plan, and how/who will be responsible for doing so.
Measurement
Track the company’s output, evaluate performance in relations to targets set prior to launch.
Development
Fundamental foundation to the success your organization
Analyze Industry
Establish mission and goals compared to industry, market and competitor trends
Perform SWOT Analysis
Investigate internal and external factors, positive and negative.
Mission Statement
Your organization’s defined goals and the plans for how to achieve them.
Vision Statement
Inspire your team to support the mission statement.
Long & Short Term Goals
Long-term goals align with the company’s mission statement. The Short-term goals are milestones to help your company achieve them.
Core Values & Objectives
Define your organization core fundamental beliefs
Execute
S.M.A.R.T. Goals to Improve your Organization
S = Specific
Be clear and specific as possible for what you want to achieve
M = Measurable
Evidence that is proven that you’re making progress towards your goal
A = Achievable
Reasonable goals to accomplish in a certain timeframe while maintaining motivation and focus
R = Relevant
Short or long term goals aligned with your values and relevant to growth
T = Time-Based
Prioritize goals to maximize realistic achievement
K.I.S.S. Principles
Keep it simple and straightforward, removing unrealistic expectations.
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