Companies need to answer the question: What do we wwant to look like in three or five years time. Determination of future goals and what it will take to accomplish them results in higher performance and growth. Strategic planning requires answers to the following questions:

• Where are we now?
• Are we in the right business/es?
• Where do we want to go?
• What actions should we take to get there?

Why is strategic planning important for your company?

• Organizations and people perform better when they know what they are expected to achieve.
• Each year's annual business plan is part of the roadmap to achieve the plan.
• Systematic planning facilitates alignment between departments.
• The drivers of the strategic and annual business plans cascade down the organization as the basis of performance objectives for each department and individual.
• The actions and strategies identified in the strategic planning process become accountabilities for employees throughout the organization.
• The plan establishes expected return on investment for your business

Requirements for Effective Strategic Planning:

• Build the Plan on research of market trends and customer needs;
• Ensure the vision, mission and values of the organization are relevant and that the strategic plan is aligned with them;
• Define the metrics to be achieved;
• Develop the strategies and action plans to achieve the planned targets and objectives;
• Recognize infrastructure needs (the human resources, organization structure, technology, business processes, facilities, etc.) to support planned growth;
• Ensure participation throughout the organization.

How PSG can assist in the strategic planning process:

• Direct activities of your own project team - staff research and preliminary plans;
• Conduct online customer perception surveys of key customer and stakeholder groups;
• Conduct employee surveys to obtain essential feedback;
• Facilitate planning sessions;
• Summarize the issues and prepare the framework for write-up of the strategic plan;

Contact Performance-Solutions-Group, Inc.
For more information, please contact us at (203) 987-3338; info@performance-solutions-group.com