Most businesses experience the pain points that come in an ever changing, fast paced economy. A business not in motion will become stale and will eventually find itself irrelevant and probably out of business altogether. All business should have the following:
1) Vision casting board – will outlines what you want to be, do, have and create in the next 3-5 years. This will be the foundation of the strategic plan and along with the strategic plan will determine the culture of the business and the value the business will bring. This is taking the vision for the company and visualize it for the leadership team
2) Strategic plan – one-page plan used to build consensus, establish priorities, assigns responsible parties with due dates. Updated at least annually. Will establish quarterly goals
3) Infrastructure roadmap – Who is responsible and accountable for each component of the plan. This may include such elements as an IT roadmap or innovation roadmap. The “who” is the most important part of the roadmap. Who determines where resources will be allocated and assigns accountability
Continuous improvement requires balance, vision, discipline and great leadership.
