2007 Thoughts on Strategic Planning for the Year Ahead

by Lance Winslow - Date: 2006-12-15 - Word Count: 248 Share This!

Strategic planning and business is paramount to winning market share and growing the company. Unfortunately, strategic planning has become a buzzword by MBA business consultants and the university professors. In fact, often an MBA course will have several course titles with the words; Strategic Planning. So you can imagine how important it is to the top business colleges and universities in our nation and to the corporations who will hire these Business Management Graduates.

In your organization you should talk about strategic planning and even consider all the aspects necessary for a small-business startup company, which plans to grow large; from Seed to Weed if you will. You see, an idea without action is worth little and Failure to plan, planning to fail. In my career I've built a small company into a multi-state Franchising Company. We started out recently with 53 units in 39 cities and eventually using the franchise business model we ended up servicing 450 cities, 110 markets by selling franchises in 23 states in four countries.

Was all that part of the original business plan? Actually it was. Although many business writers, business associates, vendors and even franchisees called us lucky. It wasn't so much luck as it was proper planning to take advantage of opportunities in the marketplace as they came along. This is why you much understand and discuss; Business Phases, Business Plans, Marketing Plans, Exit Strategies, Succession Plans and overall strategic planning. Perhaps this article is of interest to propel thought in 2007?

Related Tags: strategic planning, 2007 thoughts, year ahead

Lance Winslow, a retired entrepreneur, adventurer, modern day philosopher and perpetual tourist.

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