Now that the new fiscal year is here, it is imperative for all forward looking companies to ensure they have a Strategic Business Plan for guidance and accountability.
A Strategic Business Plan will be a strategic commitment document which maps out the future of the company by identifying which products and services will be supplied, the appropriate market place, and how this will be achieved.
It will also ensure that all key stakeholders are accountable to complete their nominated tasks and meet day to day objectives.
A Strategic Business Plan will also identify immediate opportunities for sustainable growth and profit through increasing current customer sales, winning new customer sales, potential acquisitions and/or joint venture partnerships.
Strategic Business Plans are formulated out of a comprehensive Business Review which forms the basis for consensus by all key stakeholders in support of a case for change with a common objective of achieving increased growth and profit.