Strategic Planning

Strategic Planning


The traditional goals of Strategic Planning are:

  • Develop and implement a strategic plan that supports the organizations’ mission, vision, and values
  • Creates organizational and business unit plans
  • Identify and evaluating new business opportunities
  • Provide training and education related to planning
  • Perform market assessments and forecasts
  • Reconcile the plan with capital and operational budgets, as well as with human resource and facility planning
  • Monitor plan implementation and measure results

Factors effecting the choice of the strategy

External Factors

  • Economic, societal, political, and governmental regulations
  • Competitive conditions and industry attractiveness
  • Company opportunity and threat

Internal Factors

  • Company strengths and weaknesses, competencies and capabilities
  • Personal ambitions and business philosophies of key executives
  • Shared values and company culture


Explore what Strategic Planning options make sense for your business,
contact Vermillion Financial Advisors today.

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7 Focus areas of Strategic Planning »