 If you don't
know where your business is going, any road will
get you there.
What is a Strategic Plan?
Entrepreneurs and
business managers are often so preoccupied with
immediate issues that they lose sight of their
ultimate objectives. That's why a business
review or preparation of a strategic plan is a
virtual necessity. This may not be a recipe for
success, but without it a business is much more
likely to fail. A sound plan should:
-
Serve as a
framework for decisions or for securing
support/approval.
-
Provide a basis
for more detailed planning.
-
Explain the
business to others in order to inform,
motivate & involve.
-
Assist
benchmarking & performance monitoring.
-
Stimulate change
and become building block for next plan.
 A strategic plan should
not be confused with a business plan. The former
is likely to be a (very) short document whereas
a business plan is usually a much more
substantial and detailed document. A strategic
plan can provide the foundation and frame work
for a business plan.
 A
strategic plan is not the same thing as an
operational plan. The former should be
visionary, conceptual and directional in
contrast to an operational plan which is likely
to be shorter term, tactical, focused, implement
able and measurable. As an example, compare the
process of planning a vacation (where, when,
duration, budget, who goes, how travel are all
strategic issues) with the final preparations
(tasks, deadlines, funding, weather, packing,
transport and so on are all operational
matters).
 A
satisfactory strategic plan must be realistic
and attainable so as to allow managers and
entrepreneurs to think strategically and act
operationally.
Here
are some of the strategic plans that we can help
you develop:
-
Overall Business Strategy
-
Business Marketing Strategy
-
Business Cost Reduction Strategy
-
Business Plan Strategy
-
International Business Strategy
-
Business Management Strategy
Louis Mamo & Company
Business Solutions Consulting Firm
290 SW 12th Avenue, Suite #4,
Pompano Beach, FL 33069-3214
Phone (954) 942-1120, Fax (954) 942-8981
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