![]() Based on your SWOT analysis, identify and prioritize what your strategic plan should focus on this time around.ĭevelop your main strategies that address these issues and/or goals. Identify and prioritize major issues and/or goals. We’ll give into how to conduct a SWOT analysis when we get into the strategic planning frameworks below. Assess your organization’s strengths, weaknesses, opportunities, and threats with a SWOT analysis to get a better overview of what your strategic plan should focus on. Organizations with basic strategic planning experienceīusinesses that are looking for a more comprehensive planĬonduct a SWOT analysis. It’s a bit more dynamic and very popular for companies that want to create a more comprehensive plan. As with any strategic plan, it’s important to closely monitor if your company is implementing it successfully and how you can adjust it for a better outcome.Īlso called goal-based planning model, this is essentially an extension of the basic strategic planning model. Action plans will keep teams motivated and your organization on target. Ask yourself what steps you have to take in order to reach these goals and break them down into long-term, mid-term, and short-term goals.Ĭreate action plans to implement each of the strategies above. Outline strategies that will help you reach your goals. Setting clear business goals will increase your team’s performance and positively impact their motivation. The more ideas you can collect early in this step, the more fun and rewarding the analysis phase will feel. Gather your planning team and have a brainstorming session. Let’s take a look at what kinds of businesses can benefit from this strategic planning model and how to apply it.Ĭompanies with little to no strategic planning experience ![]() Later on, you can embellish it with other models to adjust or rewrite your business strategy as needed. If it’s your first strategic planning session, the basic model is the way to go. This model helps you outline the specific steps you need to take to reach your goals, monitor progress to keep everyone on target, and address issues as they arise. ![]() The basic strategic planning model is ideal for establishing your company’s vision, mission, business objectives, and values. Read: How to build a strategic plan for your nonprofit (with template) This will provide you with a basic outline of the steps to take during the strategic planning process. ![]() When your organization undergoes a strategic planning phase, you should first pick a model or two that you want to apply. You can use as many or as few strategic planning models and frameworks as you like. frameworksįirst off: This is not a one-or-nothing scenario. Create a strategic planning template Strategic planning models vs. Plus, get tips on how to apply them and which models and frameworks work well together. In this article, we cover the most common strategic planning models and frameworks and explain when to use which one. The model you choose can improve your knowledge of what works best in your organization, uncover unknown strengths and weaknesses, or help you find out how you can outpace your competitors. If you decide to use a model that already exists, you can benefit from a roadmap that’s already created. But sometimes, this tool needs to be updated to reflect new business priorities or changing market conditions. There are numerous strategic planning models and frameworks you could apply and while it’s often smart to combine a few, you can’t (and shouldn’t) use them all.Ī strategic plan is a great tool to help you hit your business goals. If you’re interested in creating or updating your strategic plan, you’ve come to the right place. We list the most popular models and frameworks and explain how you can combine them to create a strategic plan that fits your business. With the right strategic planning models and frameworks, you can uncover opportunities, identify risks, and create a strategic plan to fuel your organization’s success. Strategic planning is vital in defining where your business is going in the next three to five years.
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