Strategic Planning In Small Business

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Section 3: Company Mission Statement Your company mission statement explains what your business is trying to achieve. You see, for internal decision-making, your mission statement guides employees to make the right decisions; decisions that are in line with helping the company achieve its mission.

Then work backwards two more times to determine your goals for the next quarter and the next month.

Ideally you update you strategic plan monthly to modify this section.

Rather, in addition to defining who your key competitors are, you should list their strengths & weaknesses.

Most importantly, use this analysis to determine your current competitive advantages and ways to develop additional advantages.

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