Long-term development of the company requires a strategic plan, which is drawn up on the basis of goals, objectives, directions and specifics of activities.
๐ The correct approach to planning can be a powerful tool that allows quickly responding to market changes (new technologies, unforeseen factors, etc.)
How do companies shape their development strategy in practiceโ
Let's look at the statistics for 2020:
โ 35% of companies have formed a strategy only in 2020
โ 22% in 2019
โ 18% more than 1.5 years ago
โ 12% over 3 years ago
โ 7% don't have a strategy
โ 6% over 5 years ago
Slightly more than a third of companies have developed a strategy for their development in 2020. Perhaps this is due to the spread of the pandemic.
Interestingly, the development strategy of 25% of companies is designed for 1 year or less๐ป