Ted Fick outlines the essential steps for building a successful strategic plan, emphasizing the importance of knowing your current position through audits, defining goals for the organization, and allocating resources effectively. His leadership experience highlights the role of strategic planning in driving productivity and profitability. Fick’s framework serves as a guide for organizations looking to innovate and improve performance.

1. Ted Fick: Steps for Building a Strategic Plan
Throughout his career, senior executive Ted Fick has delivered the adept, decisive
leadership organizations have needed to innovate, identify opportunities and
achieve dramatic improvements in performance and profitability.
And a large part of Fick’s success comes from his talent for building a strong
strategic plan, the framework upon which successful transformations are built,
executed and sustained.
Steps for Building a Strategic Plan
As Ted Fick knows, developing an effective strategy for improving productivity or
pivoting your business requires:
Knowing where you are. Through thorough, objective internal and external
audits, you can begin to develop a better understanding of your strengths,
weaknesses and where you’re positioned in the marketplace.
Identifying where you want to go. For your plan to have focus, you must know
where you want your organization to go and what you’ll need to accomplish to
get there.
Determining who will be doing what. With your priorities in place, you can
allocate time, resources and manpower to the issues you need to tackle and
achieve your predefined objectives.
Originally published at here. https://tedfick.wordpress.com/2019/11/13/ted-fick-
steps-for-building-a-strategic-plan/