Building a Strategic Plan

8/16/22, 10:11 AM

Building A Strategic Plan | Gorman Houston | Strategic Management

a Building A Strategic Plan

Many businesses create strategic plans to improve problems or as a catch-all for the business moving forward. There are a few things you should consider when building a strategic plan for a business.

Strategic plans aren’t made to solve a problem within a business. The reason for a strategic plan is to nd success in your plans rather than work towards solutions of problems.

Finding the path to success should be the focal point of the plan, problem-solving is up to the leaders within the business to help take care of when they arise.

Make sure your strategic plan is open to all aspects of the business. This means to fully identify the market you are trying to tap into. Find the customers that will be part of your business and the general audience you are trying to attract. Keeping them in mind when creating the plan will drive the path in the right direction.

Establish achievements within the company. Create goals to reach for while on our path.

Having something on the horizon will o er some motivation on the path. Having stretch gormanhouston.org/building-a-strategic-plan/

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8/16/22, 10:11 AM

Building A Strategic Plan | Gorman Houston | Strategic Management

goals will be a little hard to reach, but will make the original goal seem easier to attain.

Be straightforward and keep the communication clear. Make sure that anyone can see the plan and understand it fully without complications. The easiest way to success is having everyone on the same page, and keeping the plan clear helps place everyone on the same foothold to achieve success. Make sure every employee understands the changes that need to be put in place for the plan to nd success. Change is hard to foresee, but when the change is clear-cut and you give the heads up that the path to success is lined with change, more people will understand the changes.

The hardest part of any plan is implementing it and getting the plan in place. Outlining the end goals and why the plan is in place, or explaining the reasons things are in the plan will get your employees on the same page when implementing a strategic plan. The biggest failures for plans is when the whole team is not working within the plan, understand the plan, or understanding the goals for the plan. Getting your team all on the same page will pay dividends in the end results.

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