Kodrey Overseas Global, our unwavering commitment is dedicated to delivering outstanding service, upholding the highest ethical standards, and fostering open collaboration. We prioritize creating positive and sustainable outcomes within the realm of business development services.
WHAT IS A STRATEGIC PLAN?
A strategic plan is a document used to communicate with the organization the organizations goals, the actions needed to achieve those goals and all of the other critical elements developed during the planning exercise.
Strategic planning is a systematic process for developing an organization’s direction. It also articulates the objectives and actions required to achieve that future vision, and outlines metrics for measuring success.
By helping you refocus on your foundational purpose, your goals, development and your opportunities, strategic planning reintroduces you to “the big picture.” It’s the basis for business owners to achieve their vision, which they communicate to stakeholders in a strategic business plan and program.
It’s common to confuse a strategic plan with a business plan, which is used to start a business, obtain funding, or direct operations and generally covers one year.
A strategic plan, on the other hand, is about high-level thinking and generally looks at 3 to 5 years. It can be created at any time and should be regularly revisited. Key points to review the plan include whenever a company begins a new venture (like launching a new product), if the economy or competitive landscape changes, or when new regulations or trends affect the business environment.
THE IMPORTANCE OF STRATEGIC PLANNING
Taking the time to identify exactly where your business and your executive team are headed (and how you’ll get there) can help mitigate the risks associated with business growth. In fact, the strategic planning process can fuel long-term success by bolstering these five key areas:
Focus & Direction
Stability & Longevity
BOOK A CONSULTATION
Kodrey Overseas Global Specializes in Business Consulting Services, Focusing on Saudi Expertise and Business Development in Saudi Arabia.
Book A Consultation to Discuss Your Needs and Learn How They Can Assist You In Business Development within The Kingdom.
Strategic planning It serves as a roadmap that defines the direction a company must travel, and that helps leaders prepare for potential roadblocks.
Our core values, which revolve around inclusivity and prioritizing the needs of our clients and society, drive us to create value and make a positive impact internationally.