After publishing the original Simplified One Page Strategic Plan (OPSP) over four years ago, I’ve met and worked with dozens of entrepreneurs that use it (see Requiring a OPSP Prior to Meeting). Based on these meetings, and on-going feedback from entrepreneurs that have incorporated it into the day-to-day running of their companies, it’s time to freshen it up.
Here are the changes:
- Removed S.W.O.T. Analysis – This section didn’t resonate with entrepreneurs as it wasn’t as relevant to all levels of the business (it’s a good senior management team exercise but not necessary company-wide).
- Added a Current Value to Goal Metrics – Instead of having Goal Value and Baseline Value, having Start Value, Current Value, and Target Value is more understandable and makes it more of a living document that should be visited weekly/monthly now that it has a slot to track the Current Value.
- Moved the Goals and Priority Projects to the Bottom – Most of the OPSP is static text that doesn’t change often (e.g. the core values and purpose). By moving the goals and priority projects to the bottom, the top part is fixed and the bottom part is dynamic.
What else? What are some other areas of the Simplified One Page Strategic Plan that should be revised?