strategic plan

Topics: Strategic management, Strategic planning, Strategy Pages: 24 (5033 words) Published: March 31, 2014

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Other Items: - Bad Advice
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Business Planning Papers:
Developing a Strategic Plan
Page Contents

1. Introduction to Strategic Planning
2. Key Steps towards a Strategic Plan
3. Use Hindsight when Strategic Planning
4. Effect not Equal to Cause when Planning Strategy
5. SWOTs - Keys to Business Strategies
6. Simple & Short Strategic Plans
7. Using the Strategic Planning Worksheet
8. Strategic Planning Worksheet
9. Introducing PlanWare
10. Copyright & Legal Stuff

Free Online Strategic Planner

Free Online Strategic Planner for creating a 3-page strategic plan based on the structure used in this white paper. Use it to organize your thoughts, structure your ideas and compile a short but comprehensive strategic plan for any size and type of organization.

Recommendation: Review the paper on this page before using the planner.

Click here to see feedback from past users of this planning tool (opens in a new window) and click here to see a sample plan (use back button on browser to return to this page). 1. Introduction to Strategic Planning

If you don't know where your business is going, any road will get you there. What is a Strategic Plan?

Entrepreneurs and business managers are often so preoccupied with immediate issues that they lose sight of their ultimate objectives. That's why a business review or preparation of a strategic plan is a virtual necessity. This may not be a recipe for success, but without it a business is much more likely to fail. A sound plan should:

* Serve as a framework for decisions or for securing support/approval. * Provide a basis for more detailed planning.
* Explain the business to others in order to inform, motivate & involve. * Assist benchmarking & performance monitoring.
* Stimulate change and become building block for next plan.

For inspiration (and a few smiles), have a look at some of the quotations and examples of bad advice included in other pages!

A strategic plan should not be confused with a business plan. The former is likely to be a (very) short document whereas a business plan is usually a much more substantial and detailed document. A strategic plan can provide the foundation and frame work for a business plan. For more information about business plans, refer to How to Write a Business Plan, Insights into Business Planning and Free-Plan: Business Plan Guide & Template.

A strategic plan is not the same thing as an operational plan. The former should be visionary,...
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