We recently held our annual Strategic Planning meeting. This year, instead of doing the same old SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) we tried a new approach called SOAR (Strengths, Opportunities, Aspirations, and Results).
The SWOT method has worked for many years, and is still a valid way to make a business plan and set goals. However, we were looking for a way to get more employees involved and to take a more positive approach to the overall process.
One of NetDirector’s owners and their daughter have been utilizing the SOAR method with other companies with much success and suggested that we try it too.
The strategic planning meeting was open to the entire company, which over half were able to attend. It was a full day event and held off-site so that there were no major work distractions.
The main goal of this meeting was to get as many new ideas as possible with the underlying theme that no idea is bad, which kept the meeting on a positive note throughout the entire day.