The FCHAIN Strategic Planning

Strategic planning is not only very important in running business, but as well as in any kind of activity, as it is a route plan leading and directing to the destination.  Henry A. Kissinger (an American politician, diplomat and geopolitical consultant who was the United States Secretary of State and National Security Advisor) stated: “If you do not know where you are going every road will get you nowhere.

You should imagine how you start, run your business and have a definite goal, roadmap, the destination and the results.  You have to develop a plan taking into consideration and identifying the priorities and objectives of the company. The strategic plan is a written document including all these aspects and its purpose is to achieve the goals successfully.

There are 5 steps of the strategic planning process:

1. Determination of your strategic position.
2. Prioritization of your objectives.
3. Developing a strategic plan.
4. Execution and managing your plan.
5. Reviewing and revising the plan.

The FChain Corporation prepared a strategic plan creating a roadmap of strategic objectives and the way how to achieve it. The strategic planning was created for 2019-2021, i.e. 3 years and the Corporation started realizing it taking into account objectives and goals and striving forward to the success.

We could change our strategic plan and adapt it to circumstances during pandemic. Despite of 2019-2021 being pandemic years, the FChain Corporation staff did not suffer from pandemic, as the priority of the Corporation was not only the progress of business, broadening and developing of the company, as well as well-being of its staff. And the FChain Corporation improved well-being of its employees, because only happy staff can work efficiently. The quality of services rendered by the employees depends on their quality of life. Motivation of the staff is one of the priorities of the Corporation. The Corporation broadened its business launching new branches in Uzbekistan and Kyrgyzstan. It signed contracts with a number of well-known companies as well.  Its successes were and are due its well-planned strategy. Any kind of activity having no plan and strategy is destined for failure. The better strategy is, the more successful the business is.

The FChain Corporation has successfully completed its strategic plan for 2019-2021 and built on lessons from past successes and failures. We are pleased with the implementation of our 3-year strategic plan, as despite of the pandemic situation we could develop, render services, sign new business contracts, open new branches, i.e. implement our strategic plan.

The FChain Corporation is to start a new strategic plan for 2022-2025 which is to be approved by December 15, 2021. We hope the pandemic to be over and realization of a new strategic plan to be more successful and easier in 2022-2025 and to launch new branches abroad, to attract more clients and to broaden employees’ perspectives to improve our business strategy, to develop the Corporation. It does not matter how successful we were in the past, we should have more effective leadership and more cohesive staff to be better in the feature.

“Without a plan, even the most brilliant business can get lost. You need to have goals, create milestones and have a strategy in place to set yourself up for success”.  Yogi Berra (an American professional baseball catcher)