Why Use Strategic Planning?
Put simply. To be the best.
“The real path to greatness, it turns
out, requires simplicity and diligence.
It requires clarity, not instant illumination. It demands each
of us to focus on what is vital and to eliminate all of the extraneous
distractions”
- Jim Collins, author
The Bottom Line
Impact
Impact of strategic planning:
12.3% increase in sales volume
11.1% increase in net profit
Impact of market focus:
17% increase bottom-line performance
25% increase in employee commitment
Impact of balanced scorecard:
Allows for 2.5 times more complete management of firm performance
** All of the above are built into the
MyStrategicPlan system.
Characteristics of INC 500 CEOs:
- Spend an average of 60 hrs/week
building the business
- Hardworking
- Goal setting first, action second
- 50% to 90% time spent on strategy
and business development
** To be eligible for Inc.
500, companies have to be independent and privately held, have
had at least $200,000 in net sales in Year 1 and $2 million
in Year 5.
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