What should be developed concurrently with establishing a facility-wide business plan?

Developing a vision and mission statement concurrently with establishing a facility-wide business plan is crucial because these foundational elements guide the overall direction and purpose of the organization. The vision statement articulates what the facility aspires to achieve in the long term, while the mission statement defines the organization’s core purpose and values. By establishing these statements alongside the business plan, the facility ensures that its goals, strategies, and operational priorities are aligned with its overarching vision and mission. This alignment helps to create a cohesive framework that informs decision-making and strategic planning across all levels of the organization.

In contrast, while employee training programs, marketing strategies, and annual budget reviews are important components of an effective operation, they are typically developed after the foundational vision and mission statements are established. These elements are often more tactical in nature, focusing on the implementation of the business plan rather than shaping its core objectives. The vision and mission statements provide the context and rationale that support the later development of these vital operational and tactical components.