Wednesday 13 November 2019

Ted Fick: Key Elements to Include in Your Strategic Plan


As a transformative leader and senior executive, Ted Fick knows that for any successful turnaround to work—particularly at the corporate-level—a robust, comprehensive strategic plan must always be in place.

As such, great care, research and evaluation must be performed to ensure that strategy is not only tailored to the organization’s unique situation, characteristics, and goals but also has the focus and framework that provide the best opportunity at successful, sustained execution.
Key Elements to Include in Your Strategic Plan


Key Elements to Include in Your Strategic Plan

As Ted Fick knows, there is no one-size-fits-all approach to business strategy; though, every strategic plan should at the very least include several keys elements, such as:

·         A mission statement that clearly defines why your organization exists.

·         Guiding principles or attributes that describe which behaviors are acceptable and which aren’t throughout your organization.

·         Value propositions that explain the value you offer your stakeholders.

·         Clear goals that show where you want your organization to go.


·         Focus areas that define how you’ll get your organization to the next level. 

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