We have heard of this saying " If you fail to plan, you plan to fail" but what does planning, particularly strategic planning mean for your business. Planning stage starts with evaluating where you are today. Click through to find out the simple 7 steps process

1. 7 Steps to
Strategic Planning
Process
Revive Group

2. Revive Group
" If you fail to plan, you plan to fail"
but what does strategic planning
mean for your business

4. Examine your business from customer’s
point of view:
Look at what you do best Who your competitors are

6. After realizing where you are today
• Plan where you want to take your business to
• Set future directions
• Define your business priorities

8. • Which choices should you make to ensure
future success?
• What differentiates you from your
competitors?
• What are the core activities you must do well?
• How do you encourage, motivate and fulfill
your people’s needs?

10. Evaluate Strategic Options
Use Value/Effort Assessment and Weighted Criteria evaluation
techniques to determine the most appropriate option

12. After carefully
drafting the
choices you
have, it is time
to assess the
risk, evaluate the
likelihood and
impact of each
Categorize the risk rating from highly likely to low
Evaluate how likely is this to happen
Establish what are the impacts of the exposure
Determine what could cause exposure to risk
Identify risk categories (Financial, industry or management risks)

14. Establish Key
Performance
Measurements to
ensure the
strategic options
are performing as
planned.
• Customer satisfaction: Surveys, number of new
and repeat customers
• Financial performance: Revenue growth rate,
profit margin, net profit
• Internal processes: On time deliveries, full
capacity utilization
• Employees: Hours of training, employee
turnover and engagement rate

16. Review the options and conduct a pre-
implementation review before finalizing your
decision
Involve your managers and other parties in
the review process and ask for feedback.

17. Remember Smart
planning can take your
business to places you
never imagined possible

18. Ready to Plan?
Start Today