Business & Strategic Planning

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Strategic planning is an organization’s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.

A company that produces a regular business plan is often the sign of a well-managed business. It provides direction and focus, and is an essential document when seeking financing. It defined objectives, strategies and actions and enable management to track performance and  take corrective action in good time. It enables management to step back at least once a year to contemplate the  bigger picture, look at strengths and weaknesses, and tackle the negatives. It should be a living document and not something  stored in a  file. It should be a roadmap to success.

  • Performance Tracking

    Plutus Consulting Group

    Of all the components that are part of the strategic planning process this is the most critical component. Articulating with specificity where the company will be at a specific point in time in the future (usually 5 years out), with clarity.

  • Vision

    Plutus Consulting Group

    Your vision is ideally a short and inspiring statement of what the organization intends to become at some point in the future.  It is the image that the business has of its revenue and  other key  goals before it sets out to reach them. The involvement of your employees in creating the vision will assist in getting their buy-in and engagement, and it is essential that you  communicate your vision to everyone in your organization. It should be reviewed annually.

  • Business Plan

    Plutus Consulting Group

    An overall plan needs to be determined and sequenced by function to establish the key milestones that will determine success for the upcoming period, usually an annual exercise.

  • Industry Analysis

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    Successful enterprises typically have a good appreciation of their Industry, and keep up to date with economic trends and opportunities. It is recommended that management have a  process to update market trends, competitive activity, pricing changes,  industry innovations, regulatory environment, and other factors pertinent to your industry. We can  provide you with a template.