| ENTREPRENEURIAL LEADERSHIP & STRATEGIC THINKING
|
Strategic
Thinking is a disciplined effort to produce fundamental decisions and
actions that shape and guide what an organization is and what it does,
with a focus on a predetermined future.
Strategic Thinking is the process of determining and envisioning the future to
which you aspire and the growth you will have to realize to achieve that future
state. It is a management tool which will help an organization do a better job
focusing the energy of its employees, and ensure they are all working toward
the same goals. It is also a tool used to assess and clarify the organization’s
direction and response to changing environments.
As an entrepreneur, you
will need to concern yourself with visionary activities, planning, and leading
people. As the leader for your business, people will look to you for direction.
People will also look to you for coaching, leadership, guidance, support, decisions,
and leadership stability. You now must decide what needs to be done to succeed,
and then you must do it, and you must do it the
right way.
Succeeding in business
requires a vision combined with the passion and commitment to pursue that vision.
It also requires a willingness to change, to learn, to become, and to take calculated
risks … it requires entrepreneurial leadership. Business owners and leaders
today have found that developing a strategy and an implementation plan is far
more effective than leaving the future to chance. Furthermore, developing a strategy,
a vision, a mission, and a specific plan of action contributes to long-term,
sustainable success. If implemented correctly, it will create higher levels of
motivation and commitment, and fuel continuously higher levels of achievement
from everyone within the organization. |
| Steps
for Planning an Effective Process |
• Basic
Foundation
• Vision and Values
• Values and Principles |
• External
Assessment
• Internal Appraisal
• Mission Statement |
• Critical Goal
Categories
• Market and Sales Plan
• Implementation |
| The
Results are Measurable |
• Increased
Revenue
• Strengthened Focus on Attracting,
Servicing,
and
Keeping Customers |
• Greater
Employee Contributions
to
Results Realized
• Defined Strategic Direction
• Developed and Sustained Values |
• Motivated
Employees
• Measurable Growth
• Sustainable Results |
| Developing
the Plan |
The
Strategic Planning process provides a format for developing specific
strategies, converting those strategies into a business planning process,
and establishing measurable and attainable organizational goals. It is
a process that involves not only determining where an organization wants
and needs to go, but also, how it is going to get there. Determining
where you want to take your organization is key. This process also includes
personal leadership components all entreprenuers need to take that key
and unlock the door to personal and organizational success! |