PERSONAL STRATEGIC PLANNING.
In corporate strategic planning, the main focus is on increasing the “” return on equity.”” Equity in a business is defined as the amount of money invested in the business by the owners ( aside from debt and money borrowed.) The purpose of strategic planning is to find ways to organize and reorganize the business in such a way that the company is achieving a higher rate of return on this equity than it would be in the absence of the planning process.
Companies invest financial capital, but individual invest “”human capital.”” Companies deploy financial assets, but your most vital assets are your mental, emotional, and physical energies. How you invest them determines your entire quality of life.
In personal strategic planning, your goal is to get the highest “”return on energy”” from your activities. Ken Blanchard refers to this as getting the highest ” return on life.”
Just as you would be careful about investing your money so as to ensure that you get the highest rate of return, you most be equally careful when you invest your time. You most be sure that you earn the highest level of results, rewards, and satisfaction from the limited amount of time you have.