Organizational Strategies

An organizational strategy is a strategic plan that defines how an organization uses its resources to achieve its goals and objectives. 

Effective organizational strategies should include the following attributes:

Specific

Organizational strategies have specific goals. Therefore, organizational strategies include measurable goals and objective. For example, “Increase gross revenue 25% within three months.” 

Measurable

Measurable strategies help businesses determine whether they have reached their goal. By setting a specific goal, companies can track progress. Organizational strategies often use percentages to show a measurable increase or decrease.

Realistic

To have achievable goals, have a realistic organizational strategy. Consider previous objectives your organization accomplished when establishing new goals. For example, if your company raised its profits from $400,000 to $600,000 last year, consider the next goal of $800,000 rather than $1,000,000 in profits, which may be beyond your current trends.

Time Sensitive

Organizational strategies are specific time-period. For example, businesses choose an amount of time, such as three years, to dedicate to achieving a particular goal. This allows them to measure when they meet their target and helps ensure tasks get done.

The Online Consulting Network is a team of experienced professionals. To speak with a consultant, contact us today.