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Strategic Planning
Do you have a Strategic Plan or do you need help with one?
Do You Have a Compass?
Strategic Planning is one of the most important aspects of organizational design, management and leadership. It is the organization's compass. It is how an organization determines "True North". Done correctly, strategic planning is the foundation of effective organizational leadership. Done poorly, it is like going to a bad dentist without Novocaine.
Same old Stuff?
There has been a great deal of work on systematizing strategic planning over the years. And between academia and the consulting industry, traditional strategic planning has been institutionalized into a fairly consistent process in principle, with the major components of a strategic plan being fairly common.
The Stigma of Strategic Planning
Unfortunately, strategic planning has a stigma associated with it, with many who have experienced the process regarding it as a necessary evil. This stigma has arisen for a number of reasons including:
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Do you need help with your Business Plan?
Entrepreneurship depends upon the Business Plan
If you are not prepared to write your plan, to sweat the details, to crunch the numbers, to test the assumptions, do the due diligence, to fill in all the blanks, and get the help you need, then be prepared to fail. It makes no difference if the plan is for your Life or your organization.
Business Plans are a Myth
But, a Business Plan is not a thing. It is an attitude. Many think of a business plan as a written document used to assist in raising capital. We have written many Business Plans, all of which have been successfully used in capital formation for over $500 million dollars. It was not the plans that raised the capital. It was the process.
What happens when you lose your Business Plan? – Oh Shit!
Imagine you are about to pitch a major investor and your briefcase is stolen (with your plan inside) and your nice suit gets shredded by an elevator door on the way. You are left with nothing but your polka dot underwear and 10 minutes to pitch your plan. What do you do? Punt? Throw up? Or will you succeed nonetheless?
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