Need a Strategy or Not?

 

A strategic plan requires an execution commitment, without one it can be a waste of time, money and other valuable resources.  Small to mid-size companies tend to neglect the need for strategic planning because they are so involved with the day-to-day operations.  Companies that devote the time, effort and resources to planning tend to deliver better results year after year.

 

The following questions can help you determine if there is a need for a strategy or not.

 

• Do you have a strategic plan for your company? Have you executed your strategic plan successfully?

• Do you make swift decisions consistently?

• Is there a common sales language in your company?

• Do all departmental goals align with company goals?

• Does everyone have access to your growth plan and play an active role in contributing to achieving company goals?

• Do you have a business continuity plan?

• What is your sandbox?  How do you rate compared to your competition?

• Have you determined what is holding your company back? Have you done a SWOT analysis? Based on results have you designed a short term/long term plan?

• From the top down is everyone aware of company goal and does your management team manage critical factors to achieve desired results.

• Do you have a client retention plan? Why does your client choose you versus your competition?