fbpx

TIPS FOR BUILDING STRATEGIC FRAMEWORK

TIPS FOR BUILDING STRATEGIC FRAMEWORK

Both people and organizations need to establish a strategic framework for significant success
This framework consists of :

 
  • A vision for your future
  • A mission that defines what you are doing
  • Values that shape your actions
  • Strategies that zero in on your key success approaches
  • Goals and action plans that guide your daily, weekly and monthly actions
 

Your organization’s success and your personal success depend on how well you define and live by each of these important concepts.

Define your company vision

Being able to define your company’s vision in clear term is key and should be develop and made.  Publicly available to both employees and customers. The vision statement should answer the key questions that drive your business and also state where the company headed. What do you want your company to be? If you don’t know the answer to these questions off the top of your head, then you have some thinking to do! If you have the answers in your head, but not on paper—get writing.

Define your personal vision

Having strategic personal vision is just as important to your strategic plan, it does not need to be shared with your team and customers and should translate what you want your business to bring to your life there is also need for strategic alignment of both personal vision and organizational vision this would ensure that growth is translated from both end.

Be acquainted with your business

Ensure to carry out a SWOT analysis  (strengths, weaknesses, opportunities, and threats).This would help you to understand   where your business is now, you can make more informed decision so as to ensure growth in the business.

Asking relevant question such as “Why is this business important?” and “What does this business do best?” are a great place to start. A SWOT analysis can also help you plan for making improvements.

Establish realistic goals

This goals are mostly Short-term in nature and are realistic because they could be achieved over a short period of time goals also to  ensure that they are within reasonable limit the goals should be  smart in nature which is “S.M.A.R.T.” (Specific, measurable, actionable, realistic and time bound).

Outline strategies

Strategies are steps you’ll take to attain the set goals. If the short term goal is “build out a new product or service,” the strategies might be:

  • Researching competitor offerings
  • Getting in touch with vendors and suppliers
  • Formulating a development plan
  • Outlining a marketing and sales plan for the new offering

Create an action plan

Every action plan is an important part of a business planning and strategy development process. The best analysis would be based on in-depth market research, and creative strategizing are pointless unless they lead to action.

An action plan needs to be a working document; it must be easy to change and update. But, must also be specific about what you’re doing, when you will do it, who will be accountable, what resources will be needed, and how that action will be measured.

Cultivate strategic communication

To ensure that your team is up to speed, you must communicate strategically. Results-driven communication focus conversations and ensure to cuts out excessive meetings. Every communication should be rooted in a specific goal.

Include the how, where, when, and most importantly why every time you deliver instructions, feedback, updates, and so on.

Review and modify regularly

There is need for regular appraisal to ensure that you are following through with the goals. A weekly review of your goals, strategies, and action plans would help you see if there is need adjustment.

Hold yourself accountable

Not so many persons knows how to hold themselves accountable for action taking by them but Having a close space for advice and accountability is really valuable to  ensure the growth of any business so therefore

Having a business coach or mentor is great for this so as to ensure that you are accountable.

If you have a hard time sticking to your plans, you’ll have an equally hard time meeting your goals.

Be adaptable

The fact that it is nearly impossible to accurately predict the future is why been able to adapt to the change is important and this is done by monitoring the proposed plan daily and constantly look out for opportunities to exceed the earlier strategic plan by being more creative, and by exploiting the weaknesses in the competing market.

Create a strategic planning team.

A strategic planning team can help with every phase of the process, from creating a company vision to adapting your strategy week-to-week.

Compose your team of key management staff and employees—some visionaries and some executors.

If you think you’re “too busy” for start strategic planning, then you need strategic planning more than you know. Having a focused plan allows you to focus your energies, so you’re working on your business, rather than in it. As a business owner, it is your responsibility to steer the ship, not put out day-to-day fires.

Conclusion

Establishing a strategic framework can be essential for an organization to understand who they are, where they are going, and why. Organizations whose employees understand their mission and goals enjoy a 29% greater return than organizations that do not have a defined mission. Employees want their work to make a difference and to have a purpose, but 75% do not think their organization’s mission statement correlates with how they do business (Tom Terez, “Workplace 2000 Employee Survey”). Could this possibly describe your organization? In order for you to have a more engaged workforce and positive culture, a vision and mission must be clearly defined and lived up to. If you feel your organization could be helped by a more defined strategic frame work, but you are unsure on where to begin, let Tempkers  help guide you through that process to have a more engaged workforce and successful organization.

 

Leave a Reply

Your email address will not be published.