MOST Analysis

Mission Statement

The objective of the Priority Identification Phase of the program is to continue building on your work from the first three phases. By this juncture you have already established your goals and begun planning with those goals in mind. You have also evaluated the present state of both your business and your personal life in relation to your desired work-life balance and analyzed the feasibility that you are willing to do what it takes to make it happen. During this planning phase you will be guided through steps to analyze the data you have amassed and begin prioritizing the development, implementation, and testing. Again your mentor will be a valuable resource during this phase, providing guidance to help you prioritize your time and resources; critical in your quest to capitalize on opportunities and effectively allocate resources to maximize momentum while minimizing burnout. At this point in the program the curriculum and mentor will be focused on providing guidance to place emphasis on implementing strategies to work smarter instead of harder and to leverage strengths while compensating for weaknesses. Following the program, utilizing the mentor, and being coachable are all critical to the ultimate success of each participant. So, in simplistic terms, if you are able to consistently work smarter, not harder, then you can achieve a healthy work-life balance while also making more money. Once your priorities are identified and the steps are taken to rank and categorize these priorities into the proper order you will be ready to move into the next phase and start identifying your All-Star in-house and outsource partners.

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Objectives

01. Priority Identification: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
02. Self Care: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
03. Corporate Entrepreneurship: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
04. Innovation: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
05. Growing Funds: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
06. Company Growth: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
07. Processes: departmental SWOT analysis; strategy research & development. 1 Month
08. Communication: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
09. Business Focus: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
10. Culture: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
11. Profitability: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month
12. Relationships: departmental SWOT analysis; strategy research & development. Time Allocated: 1 Month

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Strategies

01. Priority Identification: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
02. Self Care: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
03. Corporate Entrepreneurship: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
04. Innovation: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
05. Growing Funds: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
06. Company Growth: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
07. Processes: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
08. Communication: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
09. Business Focus: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
10. Culture: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
11. Profitability: Each individual department head to undertake departmental SWOT analysis; strategy research & development.
12. Relationships: Each individual department head to undertake departmental SWOT analysis; strategy research & development.

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Tasks

01. Create a task on your calendar, to be completed within the next month, to analyze Priority Identification.
02. Create a task on your calendar, to be completed within the next month, to analyze Self Care.
03. Create a task on your calendar, to be completed within the next month, to analyze Corporate Entrepreneurship.
04. Create a task on your calendar, to be completed within the next month, to analyze Innovation.
05. Create a task on your calendar, to be completed within the next month, to analyze Growing Funds.
06. Create a task on your calendar, to be completed within the next month, to analyze Company Growth.
07. Create a task on your calendar, to be completed within the next month, to analyze Processes.
08. Create a task on your calendar, to be completed within the next month, to analyze Communication.
09. Create a task on your calendar, to be completed within the next month, to analyze Business Focus.
10. Create a task on your calendar, to be completed within the next month, to analyze Culture.
11. Create a task on your calendar, to be completed within the next month, to analyze Profitability.
12. Create a task on your calendar, to be completed within the next month, to analyze Relationships.

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Introduction

What Are Your Company’s Top Priorities?

Business priorities are actions or goals that assist your team in completing day-to-day chores as well as additional responsibilities. This could entail making decisions or developing duties to help your company run more efficiently. Customer service, personnel management, and developing and implementing a marketing strategy are all examples of company goals. It’s critical to take your time when determining your business goals so that you can compile a comprehensive list that addresses all of your company’s requirements.

Make your company priorities measurable by including the actual amount of the improvement you want to see. If you want to grow your company’s sales by 50%, for example, you’d mention that number in your goals and make sure your team members are aware of it. Having a measurable figure can help to clarify your goal, increasing the likelihood that the organization will achieve it. Also, to assist your personnel in completing the goal, strive to make your business priorities apparent.

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Setting Company Priorities Has A Number Of Advantages

Setting business priorities has numerous advantages, including:

Managing Your Company

Business priorities might assist you in achieving your objectives. A mission statement is a declaration that defines a company’s vision or aims. Setting business priorities can assist you in achieving and exceeding your objectives by focusing on a single aim. Setting goals is also easy with a clear roadmap because you and your organization will know what the firm requires to achieve.

Locating Resources

Setting business priorities can also assist your organization in focusing on the things that will help it succeed. Business priorities can assist you figure out how much money you’ll need to reach your objectives. This can be in the form of time, money, business procedures, or outside assistance. Having business goals can also assist you in identifying and implementing business processes that could be improved.

Managing Your Workforce

Another advantage of establishing company priorities is that it can aid in the efficient management of your workforce. Employees can use business priorities to set their daily, weekly, and occasionally monthly activities to assist them achieve both personal and company objectives. Employee productivity may rise as a result of having a defined goal to strive for.

Making Plans For The Future

Defining corporate priorities can also aid in long-term planning. Because changes can occur unexpectedly, it’s critical to set goals that will assist your firm prepare for unanticipated outcomes or circumstances. This could include personnel layoffs or promotions, as well as the application of new laws or policies. If you have other investments or stocks, business priorities can also act as a safety net for your firm.

How to Prioritize Your Business

Here are seven stages to assist you determine your company’s business priorities:

1. Examine Your Company’s Mission Statement

Understanding and evaluating your company’s vision is the first step in determining your business priorities. Define the mission of your organization and how you and your workers will carry it out. Consider improving the readability and clarity of your mission statement so that your staff can readily express the company’s vision. You can visualize what priorities could assist you reach your company’s mission by examining your company’s vision. To aid you in this endeavor, make a list of precise statements that characterize your business so that you can explain its goal to others using relevant examples.

2. Make A List Of Your Strengths And Weaknesses

You can identify strengths and weaknesses inside your firm once you’ve defined and evaluated its vision. Reliable customer service, regular sales earnings, or an amazing database filing system are examples of strengths. Bad communication, a lack of backup plans, or poor money management are all possible flaws. Knowing your personal strengths and weaknesses can also help you figure out which aspects of your company you should outsource and which you should keep in-house.

3. Establish Objectives

You can begin identifying and creating your business priorities after completing the first two processes. Consider setting defined, attainable, and quantifiable objectives. The more specific and practical your objectives are, the more likely you and your team will achieve them. Measurable goals are essential for seeing visible and tangible achievements. Make it one of your business goals to address during meetings, for example, if you need additional product development ideas right now.

4. Collaborate With Other Members Of Your Team

Collaborate with your coworkers to select the most important priorities for your business. Set business priorities that enhance the company’s aim while also supporting the requirements of the workforce. Create work surveys, organize weekly meetings, or simply communicate more with your employees to achieve this. Employees can convey their ambitions for themselves and the firm when you communicate with them. Having conversations with staff and receiving input might help you figure out which areas need to be improved first.

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5. Sort By Importance

Consider ranking your company priorities by importance now that you have a general concept of what they are. Some items on your to-do list may be more urgent than others, so start with the most crucial ones. For example, if your accountant suddenly changed businesses, you should make finding a new person a top priority. By defining the role of each goal and how its presence affects the firm, you may determine which goals take precedence. Other goals may be less important to your company’s visions, so they can be worked on later.

6. Sort By Category

You can categorize your priorities as well. This is a smart technique to categorize your list items according to their relationship. Organizing your things by category makes it easier for you and your staff to organize and navigate your to-do list. If your company has a lot of similar goals that you could group together in one area, this is a good sort of organization to use. Finances, marketing and advertising, sales, and development are some examples of categories. Create these categories to meet the needs of your business.

7. Track Progress Of Results

You might experience excellent results in your organization if you set business priorities. This might refer to a variety of things, such as higher sales, productivity, or customer approval rates. It’s critical to keep track of your outcomes so that you can see tangible evidence of your company’s success. Tracking your results may demonstrate how important business priorities are to your firm, encouraging you and your workers to set new goals as needed.

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