Business Models for Strategic Planning - Key Terms

Strategic business models can help your company grow, but they can also be complex

Business models for strategic planning cover a wide range or models, plans and possibilities, the details of which are dependent on your individual company's goals and needs. Strategic planning models can also really add to a company's success, if done properly. The first step in effective strategic business planning is learning about the key terms and concepts involved.

For instance, there are several approaches you can take with your strategic business plans. There is the basic model, which is great for start ups who need to formulate a clear cut mission statement, action plan and strategy. There's also the issue based model, meant for companies that need to rework their goals to tackle a specific issue or problem. With either of these plans, companies must consider their resources, financial means (profit or non-profit) and how they can modify a standardized model to customize it for their needs. Some additional models include:

1. The alignment strategic business model, which helps companies realign wayward practices with their mission and original goals.

2. The scenario business plan model helps companies react to unexpected external forces, so they can continue to strive for success.

3. The organic strategic plan template embraces self organization and dialogue.

 

Learn basic strategic business models to understand planning key terms

Start by learning the very basic key terms that describe how business models relate and affect strategic planning. For instance, a SWOT analysis is a tool that helps identify weaknesses that can be corrected through business models that address strategic planning.
Try: The Free Management Library has an excellent overview of how business models affect strategic planning and basic key terms. AllBusiness.com has a comprehensive overview in an article by Bill Fiddler, which also defines several key terms.

Learn the more specific terms of a strategic planning model

Once you know the basic terms and what strategic planning and business models are all about, it's time to gain a more in-depth understanding. The more you know, the better your own business model will be.
Try: PlanningSkills.com has an extensive list of more specific terms with easy to follow definitions. The Balanced Scorecard Institute also has a helpful glossary of more specialized business models to learn more strategic planning terms.

Learn key terms of a software development model for strategic planning

More companies are turning to software and computer applications to create their business models and strategically plan their year. However, software of this nature comes with it's own lingo and set of key terms.
Try: CS Digital Library has a comprehensive research paper that explores key concepts and defines key terms regarding software development models for strategic planning. IEEE Xplore presents a reference model for global software development as related to strategic planning.

 

• If you're considering hiring a third party to create a strategic business model for you, ask first for a free evaluation. This way you'll hopefully be able to see if the third party company can pinpoint and address your needs and goals.

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