Why strategic planning is crucial for your dealership

Description

Abstract: Many dealership owners get so bogged down in day-to-day management responsibilities that they never take the time to step back and perform big-picture, or strategic, planning. This article suggests areas of focus in the strategic planning process, including the competitive environment, growth and expansion, and business succession. It also discusses the merits of performing a “SWOT” analysis to help identify the dealership’s Strengths, Weaknesses, Opportunities and Threats.