Five Important Factors in a Strategic Plan Design - By Karla Hopkins

 

 

Create a Leadership Culture.   Leadership focuses on producing change and forward movement.  Leaders are able to clearly communicate their vision and can inspire others to be successful.  Any personality can be a leader, people just need someone to give them the room and support for taking charge of anything from their own job, to a department, to a business model.

One size doesn't work for all companies.  In additon to size, a company's position on its life cycle is an important factor.  For example a new company with a virtual business model would approach their strategic plan differently than a single shop third generation business.

 

Create a culture of shared accountability and personal responsibility.  Leaders who inspire trust and share their vision with their employees generally can create a team that supports them and their vision.  Their workforce becomes engaged in the overall goals of the company and these company goals become their personal goals.
 
Execute and implement timely.  Create a sense of urgency by getting senior leaders on board, communicate exhaustively, and reward incremental success in the strategic plan development.  Garner commitment and once you have employees who understand the vision, are involved with its process, own the future success, and believe in it, you can execute effectively.

Measure your success factors.  What are the metrics for measuring the success, are there rewards for stages in the plan, is the strategy clear, how is every level of the company benefitted from the plan.   According to Peter Dricker, management consultant, "what gets measured gets done"