Tip number 1. Get your strategy right!
a) Decide what you want to achieve over the next 3-5 years.
b) Write down two or three key priorities or objectives in plain English.
c) Make sure each of your key priorities are:
- Specific – so don't generalise;
- Something you can measure;
- Affordable and realistic; and
- Set the timescale for achieving each.
A bad example: 'be profitable'.
A better example: 'Deliver a profit of £100,000 in year one (2010/11) and increase it by 10% each year for the following four years (to 2015/16)'.
d) Add an Action Plan for year one to the Appendix of the strategy with a list of actions against each key priority or objective that will allow you to achieve your plan; and update it each year. Effectively this becomes your operational or business plan each year.
Now you and your workforce have a clear understanding of where you, as a business, are going and what you are trying to achieve. I wish you every success.
Further support can be obtained directly from Norma at nchristisonconsultancy.com |