Milestones cover the business’s major events and achievements that need to occur to keep the strategy on track for success. Milestone events are strategically important for your business and provides an outline of dates as to when the events should take place.
When developing milestones, have in order:
- Name of the task / goal
- Due date for the goal
- Budget for the goal
- Person responsible for completing the goal
Once your milestones are in order be sure to let your business partners know that you need to follow the milestones. Additionally, the milestones should be tracked and analyzed with real results.
Not sticking to the plan will cause your strategy to fail.
Dr. Elijah Clark (May 31, 2016). Why your business goals need milestones [Web log post]. Retrieved from http://elijahclark.com/why-your-business-goals-need-milestones/