Who is responsible for updating and communicating a strategic plan

11-Oct-2019 22:44

Talk to them about the business, and get their thoughts on how they think the business landscape can change in the future. When you meet with your employees and any people outside of the company, remember that the discussions should encourage new ideas and thoughts.

Involving your employees in the strategic planning process also means they receive a sense of accountability that can increase productivity.

The strategic planning process may seem daunting at first, but when you understand what’s involved and how to do it, it’s not that complicated.

Despite the benefits of having a strategic plan in place, a growing number of small business owners aren’t focusing on the long-term strategies of their businesses.The strategic plan is a living document; it should change over time.It’s not uncommon for business owners to create a strategic plan with their employees and rarely—or never—revisit the document.But don’t be alarmed; strategic planning can help your business—big or small—and the benefits far outweigh any perceived negatives.

Regardless of the size of your business, a strategic plan is beneficial.Strategic planning gives you and your business time to figure out how to grow over the next few years and how to address new opportunities and challenges.

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