Investors in People

2. Business Strategy

2.1 Establish a clear strategy for your company.

• Think about why you exist, what you want to achieve, and how you will get there.
• Communicate the vision to all employees.

2.2 Develop plans that translate your strategy into action. The plans set out specific aims and objectives.

Ask yourself:

• What your market is and how you will approach it.
• What production facilities, processes and systems you need.
• Who will do the work.
• What the financial implications are.
• How you will monitor and measure progress towards your targets.

2.3 Use your plans to drive your learning and development activities (see 3.1).

• Base your training and development plans on achieving your business objectives.