Strategic Planning In Business Management

They should address what you need to do in the short-term (think 1-3 years) to achieve your strategic objectives.Organization-wide goals are annual statements that are specific, measurable, attainable, responsible and time bound.By creating a SWOT analysis, you can see all the important factors affecting your organization together in one place.

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Whatever your situation, just be prepared to let go and switch strategies as necessary.

Corrective action needs to be taken quickly to compensate for the dynamic business environment most organizations operate within.

Take the Strengths, Weaknesses, Opportunities and Threats you developed earlier, review, prioritize and combine like terms.

The SWOT analysis helps you ask, and answer, the following questions: “How do you….” *To access the worksheets under “Tools & Techniques” please refer to our Strategic Planning Kit for Dummies.

On average, this process can take between three and four months.

However no one organization is alike and you may decide to fast track your process or slow it down.

Often your organization’s mission and vision may remain the same while your objectives and goals will need to be revised or updated.

When this happens, you will need to either adapt your strategy or begin the process over again. Some organizations can maintain a strategic plan for a year or longer, while others have to respond to market changes more frequently.

Move at a pace that works best for you and your team and leverage this as a resource.

For more of a deep dive look into each part of the planning phase, you will see a link to the detailed How-To Guide at the top of each phase.

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