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.
