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Guide to Strategic Planning[1]

Guide to Strategic Planning[1]

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Published by: kemime on Jan 29, 2010
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A Guide To Strategic Planning
UKBA Business Advisors Ltd
| White House | 66 Altwood Road | Maidenhead | Berkshire | SL6 4PZPhone 0870 420 2756 | Fax 0709 280 8482 |www.ukba.co.uk|info@ukba.co.uk  © UK Business Advisors Limited is registered in England & Wales, company number 0528 8512.No unauthorised use of any of the contents of this ebook is permitted - All rights reserved
1
 
A Guide To Strategic Planning
UKBA Business Advisors Ltd
| White House | 66 Altwood Road | Maidenhead | Berkshire | SL6 4PZPhone 0870 420 2756 | Fax 0709 280 8482 |www.ukba.co.uk|info@ukba.co.uk  © UK Business Advisors Limited is registered in England & Wales, company number 0528 8512.No unauthorised use of any of the contents of this ebook is permitted - All rights reserved
2
Contents
Contents...............................................................................................................2
 
Foreword..............................................................................................................3
 
UK Business Advisors..............................................................................................3
 
The Basics
...........................................................................................................4
 
The Do's and Don'ts of Strategic Planning..................................................................4
 
The Real Definition Of Business Strategy....................................................................7
 
The New Strategic Planning.....................................................................................9
 
What is your SWOT?.............................................................................................11
 
Do it Yourself Strategic Planning.............................................................................13
 
The Vision
.........................................................................................................18
 
Are You Working On Your Business Or In Your Business.............................................18
 
Visioning - Three Reasons to Incorporate It Into Your Strategic Thinking......................21
 
That Vision Thing - Strategic Thinking for any Business..............................................24
 
The Secret to Success in Business Planning…plan your work and work your plan............26
 
What Does Strategy Mean To You - The Unspoken Secret?.........................................30
 
Where Will You Be In 2-5 Years?.............................................................................32
 
Strategic Planning - Why Should A Business Owner Bother Taking The Time To Have One?.........................................................................................................................34
 
The Execution
....................................................................................................37
 
Your Strategy Is Wrong, But That's Ok!...................................................................37
 
Your Action Plan… and how to execute it..................................................................38
 
Developing a Business Strategy is Simple - Executing is a Different Story.....................40
 
Strategic Planning Done Right: Tips to Develop Strategies and Deliver Results..............41
 
Bridging the Strategy - Execution Gap.....................................................................44
 
Strategic Planning – The 2 Gaping Pitfalls................................................................58
 
Strategic Planning - Helping You Make Those Hard Decisions......................................61
 
Strategic Planning – Everyone should be involve.......................................................63
 
The Results
.......................................................................................................65
 
How do you measure the risks and rewards that are associated with your business?......65
 
Measuring performance – Results make the difference...............................................68
 
Strategic Accountancy - Making The Numbers Really Add Up......................................70
 
Prepare For Change
...........................................................................................72
 
Strategic Change as a Journey...............................................................................72
 
Organizational Personality.....................................................................................75
 
Change: Cultural characteristics and expectations management..................................79
 
The Market
........................................................................................................83
 
How Easy Are You to Do Business With? Assessing your Structure when Working yourStrategic Plan......................................................................................................83
 
Does Your Operation Fit Your Product Mix?...............................................................87
 
Winning Marketplace Tactics?.................................................................................89
 
The Followthrough
............................................................................................92
 
Strategy is More Than the Boss's Business - It's Everyone's Business!..........................92
 
Where Will Your Strategy Guru Lead You?................................................................94
 
Strategic Planning - 3 Areas to Focus on When Doing Your External Assessment............97
 
Strategy Review
..............................................................................................101
 
Author Profiles...................................................................................................104
 
Acknowledgements.............................................................................................107
 
 
A Guide To Strategic Planning
UKBA Business Advisors Ltd
| White House | 66 Altwood Road | Maidenhead | Berkshire | SL6 4PZPhone 0870 420 2756 | Fax 0709 280 8482 |www.ukba.co.uk|info@ukba.co.uk  © UK Business Advisors Limited is registered in England & Wales, company number 0528 8512.No unauthorised use of any of the contents of this ebook is permitted - All rights reserved
3
Foreword
UK Business Advisors are pleased to bring you this free ebook with a selection of articles from independent experts from around the world offering their knowledgein the domain of strategic planning to help you grow and develop your business.Please take time to explore the information enclosed within the next 100+ pagesand we hope that you take on board some of the experience that is shared withinto your advantage.We welcome your comments on this ebook – please forward your feedback toinfo@ukba.co.uk.
If you would like some help with your strategic planning – please give usa call on 0870 420 2756 or email us at
info@ukba.co.uk
and also take alook at our “Strategy Review” briefing near the end of this book.
UK Business Advisors
UKBA: the local business improvement team
 
......with worldwide back-up.
The Pragmatic Approach to Business Solutions
 
Who are we?
- We are a group of independent business advisors workingacross the UK. Accredited by the Institute for Independent Business, we allhave hands on experience of running our own businesses. We know what it'slike!
Who do we work with?
- We work with small to medium sizedorganisations that are working too much "in the business", rather than "onthe business"....and who are looking to develop a future strategy, as well asbeing open to external help and support.
What do we do?
- We help small businesses grow to become biggerorganisations and achieve sustained profitable growth.
How do we do it?
- With expertise across a wide range of industry sectorsand skills, we adopt a hands on, practical approach to the issues facing abusiness.....working with Managing Director/Owners to resolve problemsacross finance, sales and marketing, operations, people and management.We develop action based, timed and measured plans to achieve results. Welook at where you are now, where you want to get to and how you are goingto get there.
Why do we do it?
- We get passionate about the different businesses thatwe work with and are driven by making your business (as well as ours!) asuccess.

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