Creating a Strategic Plan
What is a strategic plan? Do I need one?
Strategic planning is often used to create a solution to a specific problem. For example, restaurants that have great nighttime business but no volume during the day would benefit from a strategic plan specifically focused on increasing daytime business. Small independent bookstores struggling to compete with neighborhood giants would benefit from strategic planning to highlight competitive advantages in order to attract traffic to their shops. A clothing store with high sales volume but slow inventory turns would benefit from a strategic plan specifically targeted improving productivity of their merchandise buys. Do you see where we are going with this?
Ask yourself the following questions to see if your strategic plan is truly "strategic" and then feel free to send us your answers to see if we can help you plan to get back on track.
Are your strategic ideas: