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Creating, managing and reviewing a strategy requires you to capture the relevant information, break down large chunks of information, plan, prioritise, capture the relevant information and have a clear strategic vision.Jamie Mac Donald is Head of Client Development at Mind Genius.
All the planning and hard work may have been done, but it’s vital to continually review all objectives and action plans to make sure you’re still on track to achieve that overall goal.
Managing and monitoring a whole strategy is a complex task, which is why many directors, managers and business leaders are looking to alternative methods of handling strategies.
And what do they need to make sure they don’t get lost?
A strategy, of course, which some may also call a roadmap.
Like the vision statement, this defines the organisation’s purpose, but it also outlines its primary objectives.
This focuses on what needs done in the short term to realise the long term vision.Whenever you set off across new territory you’ll want to consult a map, otherwise you’ll get lost.Stepping forward into the unknown (also known as ‘the future’) is what companies do every day.Whether you’re looking to set new business priorities, outline plans for growth, determine a product roadmap or plan your investment decisions, you’ll need a strategy.Coming to the realisation that your organisation needs one is easy. Here are six simple steps to help you deliver an effective business strategy: To know where you’re heading, you have to know where you are right now. It includes your company’s organizational structure, marketing plan and financial projections.A strategic plan, on the other hand, answers "how will I do it? It includes a detailed action plan for the next few years to achieve your company’s goals.Since 2001, Mind Genius has been helping professionals, teachers and students around the world to maximise their effectiveness.Mind Genius enhances and complements the productivity tools that you use everyday.…Both should include a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) and be reviewed regularly so that they’re up to date.The business plan is a broader, more preliminary document that sets your course when your company may still be nothing more than a twinkle in your eye.