Executing the plan is vital to creating value

The key components of creating value for a business, company, charity, not-for-profit or sporting organisation are:

• Goals

• “Assets”

• Metrics

• Systems

• Strategy

Once you’ve established these key components the directors, leadership team and advisors, then needs to “execute the plan”.

The planning cannot remain as notes on a whiteboard or on a notebook. The execution plan has to be enacted! This will probably include:

• Identifying the “key objectives” to be completed in the next 3 months.

• A commitment that a new set of key objectives will be identified regularly.

• An understanding of the “assets” to be created. Many of these assets relate to intangibles but are essential for creating value.

• What new strategies need to be created? By whom? What is the timetable?

• What new systems need to be created? By whom? What is the timetable?

• What tactics need to be introduced to facilitate the implementation of the execution plan?

• Allocation of responsibility for individual activities and creation of the “reporting back” obligations.

This approach is the key for a company, business, charity or not-for-profit or sporting organisation to “create real value”.

Towers Business Development can assist you with introducing strategies for the “creation of value” for your business. To find out more, contact 1800 232 088 or email . You can also visit our website – www.towersbusiness.com.au – to find out more.