Strategic planning
Date Submitted: 09/10/2006 03:28:48
Category: / Social Sciences / Psychology
Length: 9 pages (2595 words)
Category: / Social Sciences / Psychology
Length: 9 pages (2595 words)
What Is Strategic Planning?
Strategic planning and business development are intrinsically linked; the latter cannot be successfully accomplished without regard to the former.
A strategic plan should not be confused with a business plan. The former is likely to be a very short document whereas the latter is likely to be much more substantial and detailed. The former provides the foundation and framework for the latter.
If you don't know where your business is going, …
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…implemented:
1. CEO: Prepare comprehensive business plan and develop contacts to raise VC within 6-9 months.
2. CFO: Recruit Marketing Director and other key staff for marketing/sales and HR Director within 3-4 months.
3. TechDir: Review R and D resources and scope for technical alliances - expand with arrival of VC.
4. Board: Expand BoD to include further independent financial, technical and industrial expertise prior to seeking VC.
5. All: Develop and implement accelerated market entry and development plans.
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