When planning something as important and monumental as a new strategy, you're going to want to make sure that the right people are involved.
For example, how interested is your board of directors?
What do you know about their role in following through with your new strategy?
Who else needs to be present when discussing the implementation details?
Try to find people who help you when it comes to managing your finances. You need people like accountants for example so as to help you with things like setting up your taxes. Tax and financial specialists are great too!
They really do help out a lot and make things easier for you. After all, you can’t take care of everything at once without having alternate options on hand.
Making sure areas like this are looked after is especially important if your business has expanded into larger areas or is even an online retailer because there are companies that specialize in these kinds of areas!
There are many different ways to plan the process of strategic planning. You can approach it from a central point, or from a broad base.
For example you could bring your senior team together and develop a strategy that is shared companywide, or you could ask all your employees for their opinions about your most pressing problems or where their greatest opportunities lie.
Either way, make sure you're clear in advance about how much time every person involved is expected to spend on contributing to the process, whether it's working with a specific sub-group of people, or contributing as an individual to a more general session.
The outcome is also of great importance - make sure you capture the results in a strategic planning document that communicates clearly to everyone in your business what your top-level objectives are.
You need to get feedbacks from all internal and external stakeholders and be sure they understood it right and know how to use it and what they have to do.
Such a document should:
- reflect the consensus of those involved in drafting it
- be supported by key decision-makers and stakeholders, including owners, investors, stock holders.
- be acceptable to other stakeholders, such as your employees