owen at owengreaves dot com

Posts Tagged ‘Strategic Plan’

What's Your Plan For 2010?

You notice I didn’t ask you what your New Years Resolution(s) was or going to be? I don’t believe in or like New Years Resolutions because they set you up to fail. I won’t go in to why but I think you already know. We take more time to plan our vacations than we do our careers and or business goals for the next 1,2,3…5 years.

If you are a business owner you know that everything is in the plan, without it you don’t have a target, objectives and a road map to where you want to be in the next year, or the next 5. There are plans and then there wish lists, plans have long & short term goals. Wish lists don’t, they are nice to have’s or something you would like to have happen as a bonus to your plan.

Many of you are wondering what 2010 will bring, is business going to improve, will you find more work and so on. I don’t have a crystal ball, if I did I would know what’s going to happen to me let alone the sate of the Global market. I know this, we spend far too much time worrying, chasing and forgetting what’s truely important in our day-to-day lives.

Youv’e heard it said before, no one ever says on their death bed that they wished they worked more hours and had a bigger house or more money. They always say, I wish I had of spent more time with my kids, wife and taken more time for myself. You should know that I survived a heart attack in 2001, I can tell you first hand I never once thought about my job, my car, my house or any posession. I can tell you that I thought about my Lisa, my two boys Tyler & Brandon, my goals since then, to be and do more with them more often. I have and I continue to make sure my family gets the best of me.

We all have plans for different parts of our lives but mostly about our work and things we want from a material point of view. Business plans are abundent this time of year as new goals are put forward, hoping business will be better the next year than the last.  That’s OK, you should set those objectives, it’s good business to do so.

In 2010 much is going to change, but what? How will it impact your business and could you survive those changes you don’t see coming.  The level of risk when planning to upgrade full ERP systems, Payroll Software or an Office Suite may be low, but what happens when your business doesn’t reach sales objectives? How do you respond, what should you do? If you have a plan, you’ll know exactly what to do and even see clearly what steps to take to turn things around.

There a many, many templates and websites that can help you if you don’t have a plan, the business plan, the I.T. Strategic Plan and so on. I review many business plans and even more I.T. Strategic Plans and I can tell you almost immediately which ones are going to help when a crisis arrives. Everything is in the Plan.

What’s Your Plan For 2010?

Mine? Go over my plan and make adjustments as needed long term. I’m currently working on my short term plan, for the coming year called 2010. I’ll share some of my plans in my next Blog post.

You? Do you have one you can work from to ensure the next year has a road map?

Social Media & The I.T. Strategic Plan

strategic_planThe past three years have seen huge growth in a phenomenon called Social Media, very few organizations understand what it is and don’t have a solid strategic way of maximizing the potential market growth. They know their staff are spending vasts amount of personal time and company time in those networks but don’t understand why and or the power of Social Media Networks.

The challenge with Social Media Networks are many but the one CEO’s and the like will struggle with is control and how they can leverage those environments. Which Network do we hitch our wagon too? How does it work and why? How do we control those networks for our purposes? You can make up your question here as it fits with the not knowing of how to harness a wild beast called Social Media.

Has the time come for organizations to take Social Media Networks seriously and should they include them in their I.T. & Business strategic plans? What’s your plan? Does your company have an I.T. Strategic Plan? Do you know what one is and looks like? Does the I.T. Plan align with with business processes?

Here is a breakdown of how an I.T. Strategic Plan might look:

1.) Purpose (Vision, Mission)

2.) Services

3.) KRA ( Key Result Areas)

4.) Objectives

5.) Action Plans

6.) Markets

7.) List of Similar Providers

8.) Current Business Relationships

9.) Key Success Factors

10.) Core Competencies

11.) SWOT (Strengths, Weaknesses, Opportunities and Threats)

12.) Budget Alignment

13.) Planning Observations

This is not written in stone but you get the idea, each consulting group will have their own framework, this happens to be mine. If you have questions or thoughts please leave a comment and I’ll try to answer your request.

No matter how or what you do and or how you use technology (Information Technology) you should have a plan and Social Media Networks could be a strategy in your plan, it depends on the perceived value of those networks.

If you would like to hire Owen to assist you in developing a positive I.T. Strategic Plan and ensure that plan aligns with your overall business strategy you can e-mail me: owen@owengreaves.com