How to Create an Outline for Your Community's Strategic Plan
How to Create an Outline for Your Community’s Strategic Plan
Property management with a plan is the most important thing you can do to ensure the long-term success of a community.
However, each community needs a unique strategic plan. Just because a strategy worked for one community does not mean it will work for all communities.
If you want to set your community up for sustainable success, you need to create a community strategic plan that is made specifically for your community. This includes weighing the costs, benefits, needs, and unique aspects of your community and generating solutions to improve areas of weakness.
Management Plus has helped hundreds of communities in Cincinnati and Dayton reach their full potential. In this article, we have assembled a guide for creating a strategic plan that will work for your community. Keep reading for an action plan that will help your community thrive!
This is Your Guide to a Strategic Community Action Plan
Creating a strategic community action plan can be difficult if you do not know where to begin. Management Plus has put together this quick guide to help you put together a vision statement to boost stakeholder engagement.
Start with a Mission Statement
A mission statement gives your plan direction. A short statement that defines the purpose and values of your community, your mission statement should be concise, clear, and easy to understand.
Make sure it aligns with the goals of your property management company and reflects the needs of your community members.
Define Your Goals
Once you have a mission statement, you can move on to identifying your goals and objectives.
Goals are the broad, long-term aims of your community, while objectives are specific, measurable steps that you will take to achieve those goals.
For example, a goal might be to improve the quality of life for residents, while an objective might be to install new playground equipment in the community park.
Conduct a SWOT Analysis
A SWOT plan, or a strengths, weaknesses, opportunities, and threats plan, is a great way to analyze the current standing of your community. This includes areas you can improve and growth opportunities.
Strengths and weaknesses are internal factors that your community has control over, while opportunities and threats are external factors that your community may need to respond to.
By conducting a SWOT analysis, you can identify areas where your community is doing well and areas that need improvement. This information can help you prioritize your goals and objectives.
Expand on Your Strategies
Once you have identified your goals and objectives, you can start expanding your strategies
Strategies are the specific actions that you will take to achieve your objectives. For example, if one of your objectives is to increase community involvement, a strategy might be to host monthly community meetings or events.
Your strategies should be specific, measurable, and realistic. You should also assign responsibility for each strategy to a specific person or team. When coming up with strategies, picture a desired result and work backward to create a process that will achieve that vision.
Develop an Action Plan
It is time to put your strategy into play.
An action plan is a detailed plan that outlines the steps you will take to implement your strategies. It should include timelines, budgets, and milestones.
Your action plan should also include a monitoring and evaluation component to track progress and identify areas where you need to make adjustments. Make sure that your action plan is realistic and achievable and do not be afraid to make changes if your strategies are not working as intended.
Review and Update Your Plan Regularly
A strategic plan is a living document that should be reviewed and updated regularly.
As your community's needs and priorities change, your plan should evolve to reflect those changes. Make sure that you set aside time each year to review and update your plan.
Your Community Goes Further with Help from Management Plus
You want your community to thrive. That means boosting stakeholder engagement, creating a clear vision statement, and implementing a comprehensive action plan.
Developing your strategies as time goes on is key to achieving long-term success for your community.
Another key factor for sustainable success? Help from a community management team with the experience and resources to get the job done.
That is where Management Plus comes in! We have helped dozens of communities reach their full potential, and your neighborhood could be next!
If you are curious about the Management Plus difference and how we can improve your Cincinnati or Dayton community with a strategic community action plan, then click here to start the conversation today!
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