Why You Need a Strategic Plan for Your Social Enterprise
Episode description
“Strategic planning is the continuous process of making present entrepreneurial (risk-taking) decisions systematically and with the greatest knowledge of futurity; organizing systematically the efforts needed to carry out these decisions; and measuring the results of these decisions against the expectations through organized, systematic feedback.”
-Peter Drucker
More information can be found at www.socialchangeleaders.net
Do you have a strategic plan for your social business? Do you think that strategic plans are only needed for large corporations or nonprofits? In this episode, co-host Stephanie Malon-Rufi explains why EVERYONE needs a strategic plan, plus the benefits of strategic planning and what you need to think about when you do it. In this solo episode, she covers:
- How to define some key terms. Strategic plan, business plan, business strategy, strategic planning –- what do they all mean?
- Why do her clients all have a strategic plan but not all have a business plan
- How a strategic plan actually guides your day-to-day work and decision making
- Key benefits for your as a leader to have a strategic plan
- The topics you cover while doing strategic planning
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