| Having a strategic plan is necessary in today's global | | | | the key management decision makers take the time |
| market place where at every chamber or networking | | | | to independently review: |
| event another competitor has joined what many | | | | Quality |
| business owners already perceive to be a tight | | | | Production |
| marketplace. Yet, before you, as the small business | | | | Cost effectiveness |
| owner or the chief executive officer, begin crafting | | | | Turnover |
| or writing that essential strategic plan, these 7 tips | | | | Strategy |
| may ensure that your efforts are executable. | | | | Safety |
| Identify Your Purpose PersonallyKnowing your | | | | Waste & scrap |
| purpose is the foundation for your future business | | | | New products or services |
| actions. As the chief executive officer or small | | | | People development |
| business owner, your purpose along with the creation | | | | Time management |
| of vision, values and mission statements will expedite | | | | Then through a facilitated and collaborative |
| the decision making process and ensure alignment | | | | debriefing, those same executives will begin to |
| and consistency of those decisions.Define why you | | | | identify some of the gaps within the executive team |
| are in businessThis may sound simple and it is. | | | | including leadership. This preliminary action may reveal |
| However, this question does create a top of mind | | | | that the top decision maker may require some |
| awareness that is invaluable when working through a | | | | business development or executive leadership |
| strategic planning process.Use a Qualitative/Subjective | | | | coaching. |
| Evaluation for the Executive Management TeamHave | | | | |