Q - What is a strategic plan ?
A – Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy.
Q – Why do we need a strategic plan?
A – For BCWPA our strategic plan has inputs, activities, outputs and outcomes for us to achieve and to support our members, but like all processes, has constraints. Strategic planning provides BCWPA inputs for strategic thinking, which guides the actual strategy formation. This strategic plan provides our mission and strategic issues to strengthen current practices and determine the need for new, if required. The end result is BCWPA’s strategy, including a diagnosis of the environment and competitive situation, a guiding policy on what the organization intends to accomplish, and key initiatives or action plans for achieving the guiding policy.
Q – What is a business management plan?
A - A business plan is a guide, a roadmap for a business that outlines goals and details how BCWPA plan to achieve our goals. It gives vital information regarding the people that are responsible for the management of the organization. It describes how the BCWPA Board will manage the Association and also highlights the external resources that the business uses in its operations. This plans co-exists with the strategic plan.
Q – What is a financial planning?
A - Financial planning is a process of setting objectives, assessing assets and resources, estimating future financial needs, and making plans to achieve monetary goals. Many elements may be involved in this process, including asset allocation, and risk management.
Q – Does BCWPA have a financial plan?
A – Presently BCWPA is working of its financial worksheet, but full intends to develop a financial plan that co-exist with the strategy plan for going forward.
Q – Can anybody provide input to any of the plans mentioned?
A- The BCWPA Board welcomes any inputs to help make the success of the Association. If you have any suggestions or recommendations, we encourage you to use the contact page to place your comments there.