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Strategic Planning-Business Enterprise Simulation
Strategic Planning-Business Enterprise Simulation
Strategic Planning
Goals, Mission, and Vision
A question for you:
Why do some small business
succeed and some fail?
Strategic planning is one key
element.
Example?
How do small businesses
undertake strategic planning?
1. Start with goals – what do I want out of my small
business?
2. Create a vision of what the business needs to
look like in order to accomplish your goals.
3. Create a mission to guide how you will serve
your stakeholders along the way.
4. Develop strategies to get you from where you
are now to where you want to be in the future.
Strategies require investments – which means
budgets and timelines.
1. Goal Setting
Life is a series of investments…you make
decisions about where to spend your time
and energy. Give some thought to what
types of outcomes would make you happy.
1. Set goals.
2. Determine costs and benefits of goal
achievement
3. Establish measurement tools
4. Periodically reassess and adjust goals as
needed
5. Enjoy achievement of goals
6. Set new goals
Questions to ponder
As an individual, do you have goals? Where do you
want to be a year from now? Five years from
now? Ten years from now?