1901 N. Moore Street, Suite 502 | Arlington, VA 22209 | 866-568-0590 | [email protected], Copyright © 2020 Ascendant Strategy Management Group LLC d/b/a ClearPoint Strategy |. Check out our Strategic Business Plan Template in case you need one. Business owners often look for strategic plan examples. Write yourexecutive summarylast. There are six key components of a business strategy. The following framework will guide you through completion of your basic strategic plan document. They’ll give you even more guidance on what a strategic plan should look like. It’s just a page or two that highlights the points you’ve made elsewhere in your business plan. It defines what the business needs to do to reach its goals, which can help guide the decision-making process for hiring and resource allocation. Business Plan. (There are many models for strategic planning -- this framework is for conducting a goals-based plan.) Related: The 5-Step Strategic Management Process Additionally, it provides structure for your firm’s strategic planning process. Its spectrum was to move from being thought of as a “no-frills airline” to “freedom in the skies.” A marketing shift was also needed, positioning Upward Airlines as “one cost,” instead of just “low cost,” and focusing on standardizing expectations for customers. Good strategic planning examples all set clear priorities for an organization and focus employees and resources on established goals. The business strategy also guides many of your organizational decisions, such as hiring new employees. Or if you want to talk to someone, feel free to contact us and we’d be happy to help. SWOT stands for strengths, weaknesses, opportunities and threats. Strategic Plan Template for Business by Armin Laidre. Upward Air’s SWOT analysis revealed: After an environmental scan and SWOT analysis, you should identify key changes your organization needs to make, which can then be plotted out on a shift slide. Core values describe your beliefs and behaviors. This is a common strategy used by Fortune 500 companies to gain an advantage in a new or rapidly growing market. Dunder Mifflin is a local paper company dedicated to providing excellent... Executive Summary Example for Strategic Plan. The point of this section is to succinctly outline your plan for the business … While your personal vision is just as important to your strategic plan, it … Strategic Plan Example: Strategic Themes and Goals Although objectives, strategies, and tactics are core elements in any example of a strategic plan, they are not the only elements. These range from political and economic factors to competitor developments. A strategic plan can clearly present the management’s desired future for the organization: Your strategic plan can present your long-term goals. This can mean investing in research and development, acquiring a smaller company to gain access to their technology or even acquiring employees with unique skills that will give the company a technological advantage. Our services include office management and business process reengineering to improve efficiency and reduce administrative costs. Listed below is the strategic planning process: (If you need to take a step back and reevaluate your goals prior to plotting them on a spectrum, here are examples of strategic planning goals and objectives.) They include: Related: Ultimate Guide to Strategic Planning. Business Ideas; ... and the attractiveness of the market based on strategic value, market size, market growth, and potential for profit. This strategy works well for office supply companies and banks, as well as online retailers. When selecting and creating your financial objectives, consider what you’re trying to accomplish financially within the time span of your strategic plan.