Build Your Growth Plan to Higher Ground
Our competition continues to raise the bar, and consumer behavior continues to change. It is critical to adapt and elevate performance to drive continued growth. The first part of this process is to build a plan to get there. Every Ace retailer is different, and the Retailer Growth Planning process will allow you to build a specific, prescriptive and flexible growth plan to outline your path up the mountain to Higher Ground.
The Retail Analytics Dashboard houses everything you need to Diagnose , Develop and Deploy your plan. Your Ace Field Team is ready to assist you as you build your growth plan and cast your vision to your team.
Diagnose – Identify opportunities through an assessment of your business • Access the Retail Analytics Dashboard (ACENET > Analytics Dashboard). • R eview the Higher Ground performance drivers, which outline the primary Ace focus areas and growth opportunities within our differentiators of Quality, Service and Convenience. • R eview the Operations tab on the Retail Analytics Dashboard for other operational health metrics to get a better understanding of the state of your business. • Consider any other opportunities for growth, including initiatives local to your store and community. 1
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Develop – Build and document your growth plan • O n the Retail Growth Plan tab in the Retail Analytics Dashboard , input your growth targets, plans for new store growth and long-term goals. • A fter determining your largest opportunities for growth through the Diagnose phase, input your focus initiatives in the Action Plan section. • D efine three to five initiatives as priorities and set realistic deadlines. • The template will provide pre-populated action steps when an Ace initiative is selected from a list of options. • Select “Other” if you would like to self-define a local initiative.
3 Deploy – Put your growth plan in motion
• Cast your vision to your team to build consensus and collaboration for higher Employee Engagement. • Review your plan and progress with your team quarterly and modify as needed. • Communicate and celebrate each time a goal is completed. A Higher Ground Progress Report will be emailed monthly, providing Pinnacle Performance status, a snapshot of your operational metrics and elements of your store-specific growth plan.
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