All businesses have been affected by the tough economic conditions we’ve been experiencing in the past year or so. Factors such as decreased business revenue, lay-offs, new personnel, changing clients, delays in payment on accounts, etc. impact the roll-out of a strategic plan. That is why a business must view the plan as “fluid”. It needs to adjust to long term changes.
How does a business adjust? Minor changes may require the extension of completion dates for strategic initiatives. Staffing changes may require a reassignment of initiatives. If there are significant staffing changes and the team is all new, it would be important to have a discussion reviewing the process used for the development of the plan, the assignments, etc. No matter what the factors are that cause a change in the rate of implementation, it is still critical for a business to have a strategic plan and keep their eyes focused on the direction for the business. Contact me if you’d like assistance with this.