Strategic planning can be challenging. It requires considerable thought and insight. Doing it well requires a structured approach to ensure objectives and targeted and met efficiently and effectively throughout the year. Garnet River can help.
Determine the scope of your organization
What is a regulated requirement? What, within your scope, is a must have vs a nice to have?
Settle on a strategy and communicate
Ensure your strategy can be executed in a cost-effective manner with a high likelihood of success. This creates a “buy-in” culture in which people understand the company vision and are excited to be a part of it. The result: people feel empowered, innovate more, and generate outcomes that drive company growth.
Identify your goals
Predicting the future’s not possible, but focusing on goals can help with risk anticipation and contingency planning.
Create plans and timelines to achieve your goals
Include objectives and systems, as well as quantitative-based key performance indicators (KPIs) to measure your success. When goals are aligned with objectives in a clear, time-defined manner, resources can be appropriately allocated.
Define roles and job responsibilities to evaluate resource allocations
Identifying impacted functional areas of the business as it relates to your goals provides boundaries and decision-making framework. This can foster an organized outline for decision-making and ensure your teams reduce waste and decrease while working on strategic initiatives.