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strategic planning

Well, of course you do.

At least, I sure think you do. My standard comparisons are: chefs need recipes, pilots need flight plans, actors need scripts, football teams need game plans, teachers need lesson plans–and so on and on.

What do business plans do? They answer three core questions about your business: Where are you? Where are you going? How will you get there?

I think people may define “business plan” too narrowly. They think of it as the booklet you prepare when you’re going to a bank or other investor to obtain financing. Not that this isn’t a good… Continue reading

Planning is an unnatural process; it is much more fun to do something. The nicest thing about not planning is that failure comes as a complete surprise, rather than being preceded by a period of worry and depression.

Sir John Harvey-Jones

Why Do Strategic Planning?

To See Where You Are

Some people, in some organizations, don’t really want to know where they are. There is some bliss in ignorance. These people will do tomorrow what they did today and hope for the best. They think they know who their competitors are, but they may not. They think they have costs… Continue reading