Strategic Roadmap: Initiatives & Projects
October 15, 2021
Strategy is the foundation of any business. Having a written plan that formalizes initiatives and projects in areas such as business development, operational efficiencies and human resource management can help the business, ownership and family be on the same page. When leadership and employees understand what their deliverables are, how they measure success, and what is in scope and out of scope on what they need to accomplish can help a business reach its short- and long-term objectives.
For example, business development. If you are now going to be looking at possibly a merger or an acquisition, what are all the steps that you need to do in order to make that happen? Who are the executive sponsors that are going to get behind this project? What resources do you need? Who are the teammates and what are they responsible for? What is the outcome that the stakeholders is going to get in this process? What are all the deliverables that you need to work on? How are you going to measure the success?
It's also very important to know what's in scope of your project and out of scope. When everybody on the team knows what they need to work on in order to make these goals come alive, it will happens so much smoother for you.