Measuring strategic plan requires much in terms of what is supposed to be achieved. In other words, when measuring strategic plan, there are various ideas, which are tied to the objectives that need to be given focus. For instance, one of the ideas is whether an objective has been achieved. For instance, when the objective is to have more customers, then the plan to pursue it should be seen in the number of customers who have been able to get attracted and buy the product or the service. If there is an increase in the number of customers, then it would appear that the strategic plan is successful. However, if the plan is not achieving much in terms of customers, then it would appear as if the plan is no success, and other ideas could be generated to achieve the same objectives.
Measuring strategic plan could also be about updating data and making sure that whatever small changes that occur at the workplace are all noted. The data would be able to provide a lot on what has been done, what needs to be done as well as the new possible ways that one needs to be able to undertake the new ventures. Elbanna et al (2016) argue that when an organization succeeds, the data is always behind much of the achievement. Satisfaction level is also another important way to measure the success of a strategic plan. For instance, when employees feel that whatever is produced does not benefit them, then it would be very hard for one to say that a plan is successful. Again, the plan is measured using feedback. The feedback can be either positive, or negative. When it is positive, then it means that the plan used in very successful, but when it is negative, then it means the plan is not working.
Profitability is critical in measuring the success of a plan. For instance, if one wanted to increase the profit of a company by about 5 %, and that is achieved, then it would mean that the plan is successful. However, if the profit is not achieved, then it would be appear as if the plan is not working or has failed. Efficiency, and the level of learning could all work to show that a plan is successful. For instance, if the plan gives employees more knowledge and knowhow of what they are required to know, then it would mean that it is successful.
Elbana, S. et al. (2016). Strategic Planning and Implementation Success in Public Service Organizations: Evidence from Canada. Public Management Review, 18(7), 1017-1042.