“The passion created by shared vision creates synergistic empowerment. It unleashes and combines the energy, talent, and capacities of all involved. Creating shared vision produces its own order; trying to control produces the opposite effect – dysfunctional disorder or chaos.”(1)
A shared vision combined with a strong strategic plan for guidance and direction is a recipe for company success.
Purpose, Direction and Allocation of Resources
What is a strategic plan? One definition: “Strategic planning is an organization‘s process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy.”(2)
Strategy can be defined in many ways and usually involves setting strategic goals, determining actions to achieve them, and mobilizing resources to execute the actions.(3) In short it is the activity of determining what a company’s purpose is and how to get there by combining the company’s capabilities, assets, and human resources.
Is it an Art?
Conceptual definition: “Strategic planning is the art of creating specific business strategies, implementing them, and evaluating the results of executing the plan, in regard to a company’s overall long-term goals or desires. It is a concept that focuses on integrating various departments (such as accounting and finance, marketing, and human resources) within a company to accomplish its strategic goals. The term strategic planning is essentially synonymous with strategic management.” (4)
A good company strategy should include and be related to its shared vision via its vision and mission statement.
Company Focus and Intended Outcomes
With a Strategic Management tool like Kudosee, you can set priorities, focus energy and resources. This strengthens operations, and ensures that employees and other stakeholders are working toward common goals. Kudosee allows everyone in the organization to be involved in establishing agreed upon goals, and their intended outcomes/results, and assess and adjust the organization’s direction in response to changes as they happen. (5)
An increasing number of companies and organizations use strategic planning. What’s the return on investment? “While planning requires a significant amount of time, effort, and money, a well-thought-out strategic plan efficiently fosters company growth, goal achievement, and employee satisfaction.”(6)
“If your company does strategic planning, you need to use Kudosee.
This interactive, graphical, and fully sharable platform illustrates the corporate strategy breakdown and allows users to get involved from anywhere in the world. The days of having endless meetings about where the company is going according to the business plan is behind us. Departments don’t have to physically meet weekly.
Kudosee, puts under one platform, the company strategies, how to implement them, and monitors them into the hands of its users who can edit, share and be rewarded for their completion. Check it out.” Steven Parkes
Written by: Val McCarty
- First Things First. Covey, Stephen R. 1994 Roger Merril l, Rebecca R Merrill, Simon & Schuster; pp 219