Strategic planning is about putting your plan into action

Strategic Planning 

Strategic Planning in Toronto

Do you need help defining where you want your business to be in the future? Do you need help determining your short and long-term goals and how to move your business forward? If so, RK Fischer & Associates offers strategic planning in Toronto to help your business thrive. 
 

Strategic planning is a process that organizations use to set goals and identify the steps needed to achieve those goals. The strategic planning process typically includes 7 steps:

 

  • Understanding the current state of your business

  • Developing goals and objectives for your future state (3-5 years out)

  • Determining the gap between your current and future state

  • Creating a plan of action for the first year, including responsibilities

  • Determining the Lead and Lag Indicators for each objective in year one

  • Developing a budget for the first year

  • Ongoing tracking and monitoring

 

Strategic planning is important for businesses because it helps them decide where to allocate their resources to achieve their desired results. By taking the time to make a strategic plan, businesses can increase their chances of success and avoid making costly mistakes.

 

If you need help with strategic planning in Toronto, look no further than RK Fischer & Associates. To find out more about our strategic planning engagement, click the button below or contact us and set up a free consultation to see if your business can benefit from strategic planning.