Strategic Planning
Strategic Planning PDF Print E-mail

Strategic planning is oftentimes a fuzzy subject for most business owners and managers. There are businesses that devote very little time to strategic planning and those that spend a great deal of time and effort on developing their strategic plans. Unfortunately, without a well defined and time tested process to follow, even those businesses that devote significant time and effort to strategic planning don’t get the results they want in order to position their companies for long term success.

The Family Business Institute utilizes a comprehensive approach to strategic planning based on our proprietary process “Strategic Planning for the Closely Held or Family Business.” Skilled FBI facilitators, our proprietary process, and a committed management team are all necessary ingredients for a successful strategic planning effort. When all of these critical success factors are in place, outstanding results can be expected.

Specific Services

Research & Analysis

All successful strategic planning efforts begin with a robust assessment of the current landscape. Do NOT assume – KNOW the point from which you are starting. Organizational, customer, competitive, and financial analyses are undertaken to provide solid grounding for the strategic planning process.

Strategic Planning Workshops

A series of facilitated strategic planning workshops are conducted with the Strategic Planning Project Team progressing through the strategic planning process in a logical fashion. The process includes the establishment of company targets, development of company mission, vision, and values, SWOT analysis, development of company goals, strategies, objectives, and action plans, organizational review and development of key performance indicators (KPI’s), the financial plan, and KPI dashboard.

Strategic Plan Documentation

Some clients are comfortable writing their strategic plans based on the outputs from the facilitated strategic planning workshops while others engage The Family Business Institute to assist in and oftentimes drive the development of the strategic plan document. While the document is an important end product, it must be stressed that the process itself and the resulting decisions, actions, and alignment of the management team are the most valuable parts of developing a strategic plan.

The Family Business Institute Difference

Our commitment to helping you achieve breakthrough success is absolute. Drawing upon our unparalleled experience in working with family enterprises across virtually all industries and business functions, we educate our clients about the need to utilize a comprehensive and integrated approach for the benefit of their family business system. The Family Business Institute differentiates itself by addressing not only the typical financial side of the family business triangle, but also the other two sides which deal with operational and/or interpersonal issues.

Ready to Learn More?

In addition to the services listed above, the Family Business Institute can also assist you with many more services in the area of Strategic Planning. For more information, contact us at (877) 326-2493.