Connor Business Resources

Strategic Planning Tips

Tracking SMART goals

Inherent in the structure of SMART goals; goals which are Measurable, Achievable, Relevant, and Time-bound, there tools for tracking them. If a SMART goal is written correctly, the degree to which it succeeds will be reflected in the outcome. SMART goals can be used to act as benchmarks in your strategic plan and with all the technological support available, tracking them has never been easier.

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Converting Strategy into Tactics

No matter how well organized or effectively stated a strategic plan might be, it will not help your business or organization if it is not implemented correctly. Goals cannot be accomplished simply by stating them clearly.  Strategy will only take your organization so far; tactics will help you make your strategy a reality. A simple explanation of the difference between the two is given here: “The difference between strategy and tactics: strategy is done above the shoulders, tactics are done below the shoulders.”

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Understanding and Benefiting from SMART Goals

It’s critical for business owners to effectively implement a SMART goal strategy in a company’s business plan. It is necessary to have a clear understanding of the SMART goal framework. The acronym “SMART” is most commonly defined as:

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Adjusting Strategic Plans

When following your company’s strategic plan, it is vital to remember that, as well thought out as it might be, there will always be opportunities and reasons to adjust it. The need for change and adaptability is inherent in the style of management that is strategic planning. Perhaps the market changes or your company experiences significant staff turnover. Whatever the cause, you must be ready to adjust your strategic plan accordingly.

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Setting SMART goals

It is imperative that the business owner and management team understands how to set the SMART goals. Taken step by step, the process is simple and results in a clear and concise goal.

SMART goals must be Specific,Measurable, Achievable, Relevant, and Time-bound. The best way to illustrate the difference between a SMART goal and a more general one is through an example:

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Super Strategic Strategies

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Let’s start with the how-to, shall we? (side note: You may know some of this and other strategies might be new for you. You have permission to take what works and leave the rest behind.)
 The REAL answers to your ‘Strategic Stuckness’ are embedded in the question raised earlier though, “if it’s so easy, why aren’t we all doing it?” We’ll dive deeper into THAT on our call 9/11/17, but for now, let’s jump into some effective strategies!
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