As the year winds down, it is human nature to reflect on the past year and begin to make plans for the next. Business planning is an important function in every organisation, but how often do we relegate it to the “something to do when I get time” pile.
A process of planning that works for me is to begin with the vision for the future, organisational values and mission or purpose. Develop goals, analyse the environment and then break it down into tactics or strategies to achieve the vision in the environment in which the organisation operates. Finally complete the business plan by identifying the gaps and the steps needed to address those gaps.