Your strategic planning can begin by determining what resources you have available to carry through with your strategies. As a manager, you must develop economic, operational and business strategies to minimize costs and maximize profits. Decisions include what crops to grow, what tillage practices to use, how to handle financial planning, and which risk management strategies to use. In fact, various risk management strategies will be included in each step of the strategy. If the strategy is the road map to get from point A to point B, the goals are the towns you go through pursuing your mission.
Effective goals have five characteristics.
They must be measured and understood easily so you can evaluate success. Goals should not be so low or easily attainable that little or no effort is necessary to attain them. On the other hand, goals should not be so hard to attain that they cannot be reached. Attaining a goal should be challenging and rewarding. It is also critical to establish a time line for attaining goals.