TIPS FOR WINNING STRATEGIC PLANNING

TIPS FOR? A WINNING STRATEGIC PLANNING

The strategic plan is the document that winning entrepreneurs, business owners and CEOs use to create the future of their businesses, today. Businesses always face an uncertain future and must prepare for that future. Unfortunately, some business owners prepare for the future by waiting for it to happen to them and their businesses.

Successful businesses, however, prepare for their own future by following the counsel of management guru, Tom Peters,by creating their desired future, today. Once they create that desired future, they religiously follow it through with first class implementation.

The document that Winning entrepreneurs, business owners and CEOs utilize to create the desired future of their businesses is the strategic plan. The strategic plan itself is a product of the strategic planning process. The quality of the strategic plan is a reflection of what went into the strategic planning process.

?A winning strategic plan is a product of a thorough strategic planning process. The converse is also true.

Here is a list of easy to implement tips that success conscious entrepreneurs, Business owners and CEOs utilize to make their strategic planning process better:

????????? Create a diverse and appropriate team to lead the planning process

????????? Allow time for Big picture, strategic thinking

????????? Get Maximum commitment from key leaders of your business

????????? Allow for free and critical discussions regardless of hierarchy within your business

????????? Think Execution before starting

????????? Use an external facilitator, if you can afford it.

????????? Choose only actionable plans

????????? Don?t cast your plan in stone:

????????? Clearly articulate next steps after every strategy session

????????? Make strategy a habit, not just a retreat

Following the above tips will enable your strategic planning process to be rewarding and produce a winning strategic plan that creates the desired future of your business, today.

Once you have created your strategic plan, it is important that you optimize the implementation. A plan that is not going to be implemented is useless and should not have been created in the first place. Implementation of your plan brings out the best for your business: ensures the realization of your vision, takes your business up the learning curve, your business learns what works and what doesn?t work, benchmarks you with your competitors and much more importantly, makes the next planning phase better and positions your business for the next phase of growth.

The purpose of starting or buying a business is to grow it. You cannot grow a business without being in control of the future. What enables winning entrepreneurs, business owners and CEOs to stand out is how they are able to not only craft their strategic plans but how they deploy implementation of the plan to achieve the twin overriding goals of all businesses: Business growth and the maximization of productivity.

The Author, Dr. Kennedy Ononaeke, a business growth strategist? is the Managing Consultant /CEO of Winning Edge Consulting Limited, a healthcare consulting and training firm. For a free complimentary consultation on how to create a winning strategic plan call him on 2348035875796 or email: kennedyononaeke@winningedge.com.ng.

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Source: http://winningedgecomng.blogspot.com/2012/02/tips-for-winning-strategic-planning.html

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