Where Are We Headed?

At Floro Business Strategies, we’re working through several business-related questions in our 5 part Executive Coaching series, helping business-minded individuals understand how to plan for uncertainty using knowledge from past experiences–and projections from experts. In this article, we’ll discuss projections for the future–as they’re likely much different than one would have anticipated in our initial 2020 projections.

In many cases, before moving forward in the strategic planning process and creating an actionable strategic plan, we must reflect upon where we have been, where we presently are, where we want to be, and where we are headed. 

So, where are we headed? As we explore this question in hopes of building a better business in a changing world, think about each potential positive–and how to get there.

During this initial phase of discovery, moving too quickly through the process, or skipping steps, will not produce the desired outcome. Therefore, assessing the critical items in a step-by-step strategic planning process will lead to a successful conclusion and actionable results.

Floro Business Strategies creates well-designed strategic plans that serve as the foundation to build upon prior to executing a business alignment strategy. We use both proven and creative methods when partnering with executives to develop each component of a strategic plan. We incorporate into the plan a solid company structure and clearly defined corporate goals and objectives to ensure the long-term objective of achieving sustainable success is met.

Right now, businesses are responding to the call to take a socially responsible, purpose-driven and publicly accountable approach to all stakeholders — employees, suppliers and communities — in addition to shareholders. It may seem inappropriate to be thinking of longer-term sustainability in these times of emergency, but the lens through which we are forced to take urgent action right now is the one business leaders can use to ensure the rush to resolve one emergency doesn’t accelerate the onset of another. Let this be the beginning, not the peak, of a corporate transformation journey, so that once society is beyond the immediate threats, we move into a refreshed approach.

As you think about where your company is headed, begin to formulate ideas on how to get there. Typical components of our strategic planning process and plans include:

• A 1-3-5 Year Blueprint

• Alignment and Succession Planning

• Short, Medium and Long-Term Goals

• A Competitive Analysis

• New Marketing Opportunities

• Organic Growth

• Growth Through Acquisition

• A Defined Return on Investment (ROI)

If you’d like to discuss your projections with a seasoned professional, or even if you’re not sure where to start, contact Floro Business Strategies. We are here to listen and guide you through the process.

Floro Business Strategies: Where Business Leaders Meet the Future…Today