Business Strategic Plan Template

Business Strategic Plan Template-53
Recommendation: Review the paper on this page If you don't know where your business is going, any road will get you there.Entrepreneurs and business managers are often so preoccupied with immediate issues that they lose sight of their ultimate objectives.That's why a business review or preparation of a strategic plan is a virtual necessity.

Recommendation: Review the paper on this page If you don't know where your business is going, any road will get you there.Entrepreneurs and business managers are often so preoccupied with immediate issues that they lose sight of their ultimate objectives.That's why a business review or preparation of a strategic plan is a virtual necessity.

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A statement along these lines indicates what the business is about and is infinitely clearer than saying, for instance, "we're in electronics" or worse still, "we are in business to make money" (assuming that the business is not a mint ! Also, some people confuse mission statements with value statements (see below) - the former should be very hard-nosed while the latter can deal with 'softer' issues surrounding the business. designs, develops, assembles and markets systems for data base management.

These systems integrate its proprietary operating system software with hardware supplied by major manufacturers, and are sold to small, medium and large-sized companies for a range of business applications.

which indicates in a factual way the purpose and activities of the business in terms of operations, (unique) characteristics, functions, customers, offerings, sectors/segments, scale/scope/penetration, methodologies, technologies, resources etc.

Just answer the questions as to what the business is and does in qualitative terms.

Some essential points which should to be observed during the review and planning process include the following: As the precursor to developing a strategic plan, it is desirable to clearly identify the current status, objectives and strategies of an existing business or the latest thinking in respect of a new venture.

Correctly defined, these can be used as the basis for a critical examination to probe existing or perceived Strengths, Weaknesses, Threats and Opportunities.

The former should be visionary, conceptual and directional in contrast to an operational plan which is likely to be shorter term, tactical, focused, implementable and measurable.

As an example, compare the process of planning a vacation (where, when, duration, budget, who goes, how travel are all strategic issues) with the final preparations (tasks, deadlines, funding, weather, packing, transport and so on are all operational matters).

A variety of processes will be established, both at a laboratory and production level ......

as well as the development and manufacture of special processing and test equipment required to carry out these processes. Principal customers for these products are expected to be the manufacturers of advanced electronic systems .....

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