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Making a strategic plan is critical to the success of any business, but it is not always easy. Businesses often face challenges and obstacles that can hinder their progress and leave them feeling discouraged. However, overcoming these difficulties can be the key to success, making your business stronger and more resilient in the long run.
Below, we will discuss the most common obstacles companies face when implementing a strategic plan, and more importantly, how to overcome them.
What is a strategic plan?
Before we dive into the obstacles, let's first define what a strategic plan is. A strategic plan is a document that describes a company's goals, objectives and strategies for achieving them. It serves as a roadmap for the organisation, guiding decision-making and resource allocation. That is why it is so important to imagine where you want to be in the future and to define the most appropriate strategic actions to achieve that goal, especially in today's changing environment. But...
What are the obstacles we face?
Lack of clarity and focus
Many organisations fail to set clear goals and objectives, which can lead to a lack of direction and focus. In addition, if objectives are vague or too broad, it is difficult to measure progress and determine whether the plan is working.
To overcome this difficulty, it is important to set specific and measurable objectives, and to ensure that they are aligned with the organisation's vision and values. In addition, communicating these goals clearly and consistently to all team members is critical.
Resistance to change
Accepting change is not always easy, which is why team members may feel uncomfortable, especially if they have been used to working in a particular way for a long time. This can lead to a lack of cooperation and motivation in the implementation of the strategic plan.
To overcome this, it is important to involve the whole team in the planning process, and ensure that they understand the purpose and benefits of the plan. Establishing an environment of trust, support and accountability is key.
Lack of resources
Strategic plans often require significant investments in time, money and staff. It is important that the organisation has these resources, otherwise it may be difficult to move forward.
To this end, it is important to make a realistic estimate of the resources that will be needed to implement the plan and to ensure their availability.
Lack of monitoring and evaluation
It is not enough just to carry out the Strategic Plan, but once it has been implemented, it is important to carry out constant monitoring and evaluation to determine whether it is working and whether the previously established objectives are being achieved.
In order to develop it, it is very important to establish a monitoring and evaluation plan from the beginning. Nowadays, there are different tools that can help you to monitor in a simple way the implementation of the different lines of a strategic plan. At ieTeam we have developed the ieVolution platform, a tool aimed at helping companies to visualise the progress of their strategic plan in a simple way, making it easier for management teams to know where they are in their strategic plan.
The visualisation is defined on the basis of Challenges, Objectives, Lines and monitoring indicators, which add up to very visual percentages of achievement.
Technology should help us to make better decisions, in a more agile way and with a global vision of the company's challenges. The monitoring of a strategic plan is not exempt from these needs, and the ieVolution platform responds to the needs of management teams. Let's get started!
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