It is not enough to have an idea, feeling or belief for a business concept. A business concept will have little meaning, unless it is put into an actionable process and real execution and implementation. Excellent business plans must be developed and carried out through successful execution and implementation. Poor planning leads to poor execution and failures. It requires courage and leadership to change and inadequate planning ultimately will generate less and less team commitment and the readiness potency to change again at later stages will become weaker.

There are two types of strategic plans put into place to transform changes to guarantee the organization will reach its destination effectively and on time, and they are:

Annual Operating Business Plan: Developed every year at the same time.
Strategic Business Plan:  A master plan is developed for impulsive opportunities that come around.

Incorporating the right business focus into the organization through the annual business plan process is effective and drives focuses and delivery of concrete results.