The Double Win 6 Essential Ingredients for Effective Strategic Planning
Sep 20, 2022
As the year ends, effective strategic planning takes center stage. Discover six crucial ingredients for crafting a successful plan, from employee surveys to vital financial data. Learn how to align annual goals with your long-term vision and maintain adaptability. Dive into analyzing product mix for profitability and the importance of understanding key stakeholders. The conversation emphasizes refining your mission and values as foundational elements for growth, along with insights from a recent impactful workshop.
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Employee Survey Reveals Insights
- Conduct an anonymous employee survey yearly to gain unfiltered, candid feedback.
- Use survey insights to adapt policies on flexibility and remote work based on employee desires.
Use Financial Trends For Planning
- Review 3 to 5 years of financial data to identify profitability and growth trends.
- Use projections and last 12 months vs prior 12 months analyses to inform planning and budgeting.
Monitor and Adjust Goals
- Regularly check progress on current goals to determine alignment with your long-term vision.
- Adjust timelines and plans as needed to accommodate evolving opportunities and priorities.