What is an organizational plan?

• A company's mission statement

• A company's values statement

• A company's vision statement

• Strategies for specific goals and objectives

Companies use organizational plans to meet, or exceed, their goals, and also to develop detailed tactics used to develop, grow, and remain profitable. Most organizational plans also usually contain in-depth assessments that delineate what a company needs to achieve and the methods it will use to make those achievements.

Many elements must be included in an organizational plan, in addition to those we've already touched on. Here are some other common features:

• Metrics

Some aspects of Organizational plans can be measured using metrics and data. This helps because it can display to a company whether or not it has reached a goal, or is on the right track to achieve a goal.

• Being realistic

Organizational plans must be realistic for them to be successful. Companies can use market research and information on their competitors to determine the proper goals to set for an organizational plan.

• Limitations

Organizational plans must also have limits to be effective. Most strategies within them have some form of a time constraint or deadline, meaning the company expects to hit a certain mark by a specific time or business quarter.