The Member Forum encourages Small Business owners and executives to share tips, support each other, enhance collaboration and strategic alliances, and exchange insights. It is a forum that encourages active group discussions and a community of peers.
The Strategic Planning Software enables Small Business owners and executives to formulate a strategy, involve their team, report progress, measure performance, and promote accountability.
The Resource Library is a collection of case studies, theories, frameworks and findings of academic research studies. It provides information for practical solutions for any Small Business owner and executive.
If you fail to plan, you plan to fail
Many small business owners are simply too busy with the daily maintenance of their company that they do not have the time to plan and implement an elaborate strategy. Some may lack the knowledge or tools, and others are overwhelmed by the sheer thought of the complexity of strategic management.
However, research has shown that businesses that forego strategic planning are more likely to fail. Consequently, strategic planning is essential to a firm’s survival. Even more importantly, there is a positive relationship between formal planning and firm performance.
Although it may sound daunting, strategic management is simply a series of managerial decisions and actions that are focused on the long-term performance of the firm. It includes analyzing the company’s internal and external environment, formulating a strategy based on the firm’s vision and mission statements, implementing the strategy, and employing a system for evaluation and control.
Strategy is setting goals and defining the actions to be taken to achieve such goals with the resources available. However, small businesses often have limited financial and human resources, and consequently, are more susceptible to changes in their environment making strategic planning even more significant.
Strategati LLC can help you formulate and implement your strategy for your small/medium business!
Next Steps…
If you are interested in a membership and/or would like to receive more information on our strategic planning software, click the Count me in! button and our team will reach out to you.