SIMPLE STEPS TO SUCCESSFUL STRATEGIC PLANNING

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SIMPLE STEPS TO SUCCESSFUL STRATEGIC PLANNING
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WHAT IS A STRATEGIC BUSINESS PLAN?

• A strategic business plan is a plan that creates
  the perfect blend of the needs of the company
  with the needs of the market. This plan is the
  ideal path of a companys road to success and
  takes into account its strengths, weaknesses and
  resources to create a full proof plan. A
  strategic business plan should be
• Long term oriented
• Flexible
• All-inclusive
• Goal oriented
• Researched
• Properly Managed

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WHAT ARE THE STEPS IN THE STRATEGIC PLANNING
PROCESS?
The strategic planning process is a crucial step
in the success of a business or brand. Many
companies have different types of planning
processes according to their own preferences and
details. However, every plan has a few broad
steps that must be follow regardless to make sure
that the plan has a strong flow and impact. These
steps are Get prepared This step involves
getting together all the information about a
business and identifying the issues that need to
be addressed. Write down vision mission
statements In this step one must have clarity
on the vision and mission of the company and
should write these down in a physical format.
This will include the company goal, values,
statements, and a future image of the company.
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Do a SWOT Analysis With all the information
gathered, one must perform a Strength, Weakness,
Opportunity and Threat analysis to get an in
depth look into the brand. This analysis will
reveal a lot of hidden features about a brand and
is an extremely important aspect in strategic
planning. Write down the priorities After all
the negatives positives have been gathered and
identified, it is important to create a list of
the priorities. These priorities will define what
aspects need immediate attention and what are
critical talking points. Putting together a
plan In this step all the information that has
been gathered will be put to use. A physical plan
will be put into place keeping in mind all the
issues and needs of the company. This plan should
be comprehensive and in one document to ensure
that there is a proper flow and feel.

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Distributing the work A strategic business plan
must always be segmented properly to ensure
better working. Just like the plan, the tasks and
actions should also be divided properly among the
employees and according to the resources of the
company. Push out the plan In this step, the
once written down plan takes a physical shape and
is finally put out. All the aspects are ready and
take effect. It is important to ensure that all
the activities are aligned and everybody has one
single goal in mind. Review the plan After a
considerable amount of time has passed, one must
review the plan that has been in action. The
issues and successes must be noted and action
must be taken accordingly.
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THANK YOU