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The most important
component of successful leadership is the
development of a strategic plan. This plan gives
you the opportunity to plan the future, as you
would like for it to be, not just leaving it up
to chance. This planning process will help
everyone in the company know where the company
is going and how it is going to get there.
A Powerful
Strategic Plan
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Defines the
vision and values of the company in clear
language
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Has a clearly
defined future to strive towards
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States its
short and long range goals and objectives
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Solicits input
from the different levels of the
organization
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Creates
meaningful performance measures
There are right and
wrong ways of developing a strategic plan,
however. The best strategic planning process has
a new approach, new players, and new processes
to ensure success. One big difference is that it
is no longer just for top executives or the
corporate elite. Concepts and ideas from
managers, front line employees, customers,
suppliers and other stakeholders help create a
powerful strategic plan.
Plans, however do
not equate to action. In order for your
strategic plan to become reality:
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The plan must
be communicated throughout the organization
on a regular basis, such as at monthly
company performance review meetings.
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Each department
and each employee must develop their own set
of goals that support the organization's
overall goals.
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A measurement
and feedback system must be established to
let employees know how they are doing.
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The overall
goals should be tied to the compensation
system.
Implementing your Strategic Plan in this
manner will ensure that your team is pulling
together in the same direction to achieve
success!
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