Strategic Plans – How to Do Them | Small business news; tips; networking

Posted by IanDSmith under Strategy
From http://www.portfoliopartnership.com 3958 days ago
Made Hot by: SimplySmallBiz on January 21, 2014 10:39 pm

The Strategic Plan sounds like a big company tool. The sort of thing that IBM or Google might pull together. Well I’ve been involved in large and small companies, driving strategic plans for many years and I’m convinced they’ve become, ironically, the best tactical weapon at your disposal.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by lyceum
3956 days ago

Ian: Thanks for your input! Do you have any time frame for it to be called a strategic plan? 1 year, 1/2 year, a quarter, etc?

- 0 +

Written by IanDSmith
3956 days ago

Probably a three year time frame is ideal to get make sure you are thinking at the right level. This then allows more tactical 12 month, 6 month actions to be drafted

- 0 +

Written by lyceum
3957 days ago

Ian: I looks like you have covered the whole plan! How does tactics play along the strategic plan?

- 0 +

Written by IanDSmith
3957 days ago

Martin: I see tactics as mainly sitting in the department operational plans but some big tactical projects will be multi - departmental. The key is that all tactical moves sit within an agreed strategic positioning determined by the Strategic Plan. Thus talent works on the right stuff!

- 0 +