Strategic Planning

Strategic Planning

Strategic Planning Jonathan Poland

The strategic planning process is a systematic way for an organization to set its goals and develop the actions and resources necessary to achieve them. This process typically involves the following steps:

  1. Define the organization’s mission, vision, and values: This step involves clarifying the purpose of the organization and what it stands for, as well as its long-term aspirations and guiding principles.
  2. Conduct a thorough analysis of the internal and external environments: This step involves gathering and analyzing information about the organization’s strengths, weaknesses, opportunities, and threats, as well as the broader market and competitive landscape.
  3. Identify the organization’s strategic goals and objectives: Based on the analysis of the internal and external environments, this step involves setting clear and specific goals that the organization aims to achieve.
  4. Develop a strategy to achieve the identified goals: This step involves determining the actions and resources necessary to achieve the goals, as well as how they will be implemented and coordinated.
  5. Implement the strategy: This step involves putting the plan into action, including allocating resources, setting performance targets, and monitoring progress.
  6. Evaluate and adjust the strategy as needed: This step involves regularly reviewing the effectiveness of the strategy and making adjustments as necessary to ensure that the organization remains on track to achieve its goals.

Overall, the strategic planning process is an ongoing function that requires the involvement and input of the organization’s top management and other key stakeholders. It is essential for guiding the direction and decision-making of the organization and ensuring its long-term success.

Learn More
Employee Goals Jonathan Poland

Employee Goals

Employee goals are specific targets or objectives that are set for an individual employee in order to align their work…

Strategic Advantage Jonathan Poland

Strategic Advantage

A strategic advantage refers to a position that gives a company an edge over its competitors and makes it likely…

Adoption Lifecycle Jonathan Poland

Adoption Lifecycle

The adoption lifecycle refers to the process by which customers adopt and become familiar with a new product or technology.…

Key Employees Jonathan Poland

Key Employees

Key employees, or key personnel, are individuals who possess unique skills, knowledge, or connections that make their prolonged absence or…

Niche vs Segment Jonathan Poland

Niche vs Segment

A niche is a specific, identifiable group of customers who have unique needs and preferences that are not shared by…

Types of Fallacies Jonathan Poland

Types of Fallacies

A fallacy is an error in reasoning that can lead to an incorrect conclusion. Fallacies can be found in arguments,…

Customer Satisfaction Jonathan Poland

Customer Satisfaction

Customer satisfaction is the practice of measuring how happy customers are with a brand’s products and services. This is typically…

Team Manager Jonathan Poland

Team Manager

A team manager is responsible for directing and controlling an organizational unit. This leadership role involves authority and accountability for…

Pre-Sales Jonathan Poland

Pre-Sales

The term “pre-sales” can refer to a range of different things depending on the industry in which it is used.…

Content Database

Search over 1,000 posts on topics across
business, finance, and capital markets.

Research Skills Jonathan Poland

Research Skills

Research skills are abilities that enable individuals to effectively investigate, analyze, and communicate knowledge. These skills are essential for success…

Exit Planning 150 150 Jonathan Poland

Exit Planning

Exit planning is a comprehensive strategy for business owners to transition out of their company on their terms. It involves…

Business Development Jonathan Poland

Business Development

Business development is a multifaceted discipline that involves identifying and pursuing opportunities to grow a business. It’s a combination of…

Practical Thinking Jonathan Poland

Practical Thinking

Practical thinking is a type of thinking that focuses on finding timely and reasonable solutions to problems. This type of…

Digital Media Jonathan Poland

Digital Media

Digital media refers to any media that is created, stored, and distributed using digital technologies. This includes media such as…

Foot in the Door Jonathan Poland

Foot in the Door

The foot-in-the-door technique is a persuasion strategy that involves asking for a small favor or agreement first, before making a…

Joint Ventures Jonathan Poland

Joint Ventures

A joint venture is a business venture or partnership between two or more parties. It is a collaborative effort in…

What If Analysis Jonathan Poland

What If Analysis

What-if analysis is the process of considering and evaluating hypothetical outcomes. It is a common technique used in early stage…

Compliance Testing Jonathan Poland

Compliance Testing

Compliance testing is the process of evaluating an organization’s compliance with laws, regulations, and other standards to ensure that it…