Developing An Effective Action Plan
Planning on growing your business in 2021? Your best way to avoid failure of your plan is a solid ACTION plan.
An action plan is a checklist for the steps you need to complete in order to achieve the goals you have set. It’s an essential part of the strategic planning process and helps with planning.
An action plan includes:
- A well-defined goal
- Steps needed to execute the goal
- Persons responsible for each task
- What resources are required
- Key Performance Indicators to measure progress
It must be noted that an action plan should not be frigid. As your organization grows, and circumstances change, you will have to revisit and tweak to meet the latest needs.
With an effective action plan, you can boost productivity and keep everyone focused.
Here are some benefits of an action plan:
- It gives you a clear direction. An action plan outlines exactly what are the steps to be taken and when they should be completed.
- Having your goals written down and planned out in steps will give you a reason to stay motivated and committed throughout the project.
- With an action plan, you can track your progress toward your goal.
- Since you are listing down all the steps you need to complete in your action plan, it will help you prioritize your tasks based on effort and impact.