6 Ways To Build A Stronger Strategic Plan
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6 Ways to Build a Stronger Strategic Plan
Introduction
You've set ambitious goals for the year, with every intention of making it your best one yet. Yet, somewhere along the way, many of us lose momentum. By March, the excitement wanes, and plans fall by the wayside. What if you could identify the problem and stick to your plan, achieving what you truly desire? The solution lies in crafting a robust strategic plan.
Understanding Strategy vs. Tactics
A common pitfall is confusing strategy with tactics. Strategy defines your destination, while tactics are the steps you take to get there. Mislabeling goals as tactics is why many resolutions and business objectives derail early on.
Be Specific
Clarity in your objectives can drastically alter the trajectory of your efforts:
- Vague: "We will improve customer service response time."
- Specific: "We will reduce customer service response time by 29%."
Notice how specificity can reshape your approach to challenges and opportunities.
Let It Mature
Just like fine wine, developing a strategic plan requires time. It involves thoughtful consideration, research, and experience. Avoid rushing to create a plan. A hastily put-together strategy can be detrimental. However, don’t delay action indefinitely?"having a basic plan is better than having none.
Simplify Your Approach
To build an effective plan, use the A-B-C method:
- A: Define what you want to achieve (STRATEGY).
- B: Identify feasible methods to achieve it (TACTICS).
- C: Choose options that offer the highest rewards for the lowest effort (IMPLEMENTATION).
Consistently Follow the Plan
Many plans end up gathering dust on a shelf. It's crucial to actively refer to and follow your plan. Think of your strategic plan as a roadmap guiding you from one point to another. Consistent adherence ensures you stay on track toward your goals.
Embrace Flexibility
While consistency is key, flexibility is also essential. If necessary, adjust your plan to align with your organization’s best interests, but do so judiciously to maintain credibility.
Conclusion
By implementing these strategies, you can develop a strategic plan that withstands unexpected challenges throughout the year. Here’s to a year filled with growth and success.
David and Lorrie Goldsmith
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