\u00a0<\/em><\/p>\nWe say that the goal is \u201cgetting from one point to another\u201d. So we might as well walk there\u2026 Yes we might, but it would not need planning, would it? And it sure would not be strategic. Because in a competitive world \u201cwalking in a marathon\u201d will not win us medals.<\/p>\n
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There are many tools that support strategic planning. The most important and evenmore the most neccesary one is \u201cdetermining a vision\u201d. Having a vision is not only important for companies but also for individuals. Vision gives us direction, sheds light on our way and helps us move along on our path. Vision is to say: “I will be the winner of this marathon\u201d.<\/p>\n
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A company having a vision knows where it\u2019s going. It determines smaller goals within its structure and character which leads the company to its destination. However setting goals alone are not enough. The company should trace its actions leading to its goals with key performance indicators. In other words; what chronometer means to an athlete; is what key performance indicators mean to a company.<\/p>\n
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Vision: Being the winner.<\/em><\/strong><\/p>\nGoal: Running 100m in 1 minute.<\/em><\/strong><\/p>\nSmaller goal: Running 50m in 30 seconds.<\/em><\/strong><\/p>\nMeasure: Keeping track of every performance with chronometer.<\/em><\/strong><\/p>\n <\/p>\n
The crucial part for a company is to relate its operations to its vision. There is no obstacle for a company to reach its goals when it carries out its daily operations in line with its vision. With creating \u201cright\u201d strategic maps, determining \u201cright\u201d strategic targets and generating \u201cright\u201d key performance indicators provide an extensive comfort in achieving the success level required and allows great convenience and transparency in following of the company performance by the top-management.<\/p>\n
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Don\u2019t let the word \u201cright\u201d scare you off. Like most things in life, strategic planning is also open to revisions, changes and compensations. As long as you intent to grow, develop and generate innovation; all remaining steps will be taken spontaneously.<\/p>\n","protected":false},"excerpt":{"rendered":"
In today\u2019s competitive enviroment, strategic planning has gained even more prominence. Until 10-15 years ago, strategic planning was only being implemented in large-scale companies. Nowadays, most public institutions, private companies and even non-profit voluntary organizations -regardless of the size- has begun appreciating and showing great interest in strategic planning. What is \u201cstrategic planning\u201d? It is … <\/p>\n
Continue reading “Strategic Planning: An Evolving Marathon”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/posts\/199"}],"collection":[{"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/comments?post=199"}],"version-history":[{"count":2,"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/posts\/199\/revisions"}],"predecessor-version":[{"id":206,"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/posts\/199\/revisions\/206"}],"wp:attachment":[{"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/media?parent=199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/categories?post=199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gm-bd.com\/wp-json\/wp\/v2\/tags?post=199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}