Quantitative indicators such as market share, quarterly growth, and total assets define corporate success. Qualitative indicators also define corporate success, perhaps none more than strategic planning. When company leaders develop effective business plans—a task that requires training—their ability to lead in ways that generate bottom line results increases. In today’s economy, corporate leadership is a decisive factor in whether a company fails or succeeds. To help company leaders steer their ship into the black and not the red, strategic planning training helps them enhance the following leadership abilities, among others:

Ability to Understand the Company Mission

Every company has a mission statement, but the value of the statement depends on how it is executed and whether it communicates the right mission. Strategic planning training helps leaders to translate a mission statement into daily business practices, and to develop a new statement if the present one does not reflect the core values of a company.

Ability to Understand the External Environment

Unless leaders understand the macro and micro factors that affect their company’s position in the external business environment, they could end up wasting sales resources, fail to attract new clients, and even lose established clients. Understanding factors in the external environment allows leaders to consider customer needs as a part of strategic planning, and to respond to changes in the environment with intelligent solutions.

Ability to Understand the Internal Environment

When a company flounders, it often looks as if it lost the battle with its competitors. The truth, however, is that many companies defeat themselves by not examining the internal business environment. Failure to align the sales and marketing processes, poor use of capital in strategic planning, and poor compensation arrangements are internal factors that can gradually push companies into the red. Strategic planning training teaches leaders how to avoid these and other internal pitfalls.

Ability to Formulate Strategic Plans

Knowing what should inform strategic plans and using that knowledge to formulate them are two different things. In addition to helping leaders identify what should inform a plan, strategic planning training teaches them how to implement the information. In many organizations, the formulation phase is the primary barrier to effective planning, and a dynamic training regimen can remove the barrier.

Ability to Execute Strategic Plans

Because small mistakes in a plan’s execution can snowball into big problems later (think resource allocation), some companies are unaware that errors were made in the execution phase until the oversights become difficult or impossible to correct. Strategic planning training helps leaders to develop plans that are executable over the long-term.

Do You Need Strategic Planning Training?

If so, call FindaFacilitator. We provide top rated training facilitators that specialize in strategic planning. By evaluating their performance through client reviews, FindaFacilitator ensures its facilitators perform at a high level. If you need to advance or refresh your strategic planning skills, FindaFacilitator can connect you with an experienced corporate trainer, regardless of your location. To learn more about our services, or to receive help choosing a trainer, call us today.