Fri 31 Aug 2007
Foolproof Tips for Executing Your Strategic Plan
Small business owners carry out strategic planning with a view to gain a competitive edge in the fast-paced business world; therefore, its importance should not be underestimated.
The tips listed below will help you to achieve your small business goals by showing how to efficiently execute your strategic plans.
Stick To Goal-Setting
A strategic plan can be executed effectively only when uniform planning, setting and achievement of goals is a priority. Without having goals, you really can't know where your business needs to go and how it will get there.
It is essential that you introduce and train your employees on the same lines of the goal planning, setting and achievement process that you have decided to include in your strategic plan.
Make it a point to identify what each person is expected to do in order to contribute towards the goal achievement process. Writing down clear, attainable and specific goals for everyone will help your business in the long run.
Review and Revise Your Strategic Plans
You have to check the progress of your strategic plans from time to time. You should hold meetings at regular intervals to monitor the advancements made and then modify your plan to address shortcomings in any area.
An important aspect of the strategic plan should also focus on holding your staff members accountable for the tasks assigned to them. Since they are all part of the team that contributes towards the goal setting and goal achievement process, each one of them also has a responsibility to achieve the goals that will enable your business to execute your strategic plan.
Effective communication of your progress (or lack thereof) is essential to keeping everyone constantly motivated and working on the right track.