It’s hard to accomplish anything without a plan. Be it learning, coaching a football club, cooking or running a small kiosk, you need a strategic plan.
A strategic plan looks at all the things your business could do and narrows it down to the things it is actually good at doing. A strategic plan also helps business executives determine where to spend time, human capital, and money.
But, how should businesses approach strategic planning? There are hundreds of business books dedicated to the topic. We’ve read most of them. We put the others on our bookshelf just for show.