As your business grows, management likely has a vision of where they want to take it next. Finding the time and energy to develop that vision may be a different story, and articulating it into actions your management team can implement is yet another challenge entirely.

To give key management a designated opportunity to think strategically about your business, where it’s heading and how you’ll get there, Doeren Mayhew’s business advisors offer strategic planning assistance.

 Identifying Your Need for Strategic Planning

• You need to take strategy from your mind and into implementation mode by the management team
• The business needs to focus activities and major initiatives
• You feel as though no one follows through on initiatives, or you have ideas that never come to fruition
• Clear and consistent communication is lacking
• You need to formulate a succession plan
• The business is not meeting its goals
• You’re a multi-location business that is getting inconsistent results

Strategic Planning Results

• SWOT analysis to explore strengths, weaknesses, opportunities and threats
• Budget development
• Short- and long-term goal setting
• Review of financial data and key performance indicators
• Sales and marketing effectiveness
• Vision and mission documentation
• Consensus and understanding of business purpose, direction and goals
• A management team better equipped to think strategically