Have you wondered if you needed a strategic plan for your business? A strategic plan isn\u2019t just a set of rules to follow. It is a philosophical approach to growing your business. The senior management team has to be deeply involved in this process. It requires that everyone in the company understands the strategy.<\/p>\n\n\n\n

Sounds like a daunting process, especially when coupled with the day-to-day management of the company? If yes, here\u2019s some good news. You didn\u2019t become a business leader because you wanted to stick to the status quo or let others guide your fate. You have come a long way, now it\u2019s time to take ownership of the process and steer the course.<\/p>\n\n\n\n

In order to begin your strategic management process, here are a few guidelines to follow.<\/p>\n\n\n\n

There are 5 -stages of this process.<\/p>\n\n\n\n

1. Setting your goals<\/strong><\/h3>\n\n\n\n

To do this, it is very important to clarify your vision in terms of your short- and long-term objectives. After, you will need to decide on the tasks required to achieve those objectives. Then, customize the tasks for your team. Assign each person with a task they can accomplish. It will be important to remember that for every task your goals will be detailed, realistic and match the values of your visions for your company. It will be helpful to write a mission statement in order to communicate the goals with your team and stakeholders.<\/p>\n\n\n\n