I think strategic plans have gotten a bad rap. If you believe the research most companies don’t even have one even though it is said that over 75% of businesses that fail don’t have a plan.
When talking to people, especially those that don’t have a plan, I often hear, “strategic plans are useless, they are [...]
In other words, strategic planning could be termed as a process by which the guiding executives of an organization, have a vision and therefore develop the necessary procedures and operations in order to achieve the same.
Once the organization has decided on the objectives, the becomes necessary to devise a strategic plan in order to reach [...]
There has been a lot of research published lately by the Harvard Business Review that deals with the breakdown between strategy and execution. One of the findings has been that of all strategic initiatives implemented by businesses, only 30 percent of them are actually successfully executed. Additionally, of those that are executed, the CEO’s of [...]
What Are the Benefits of Strategy Planning?
The benefits of strategic planning can include:
Identification of breakthrough strategies
A clear road map is that is understood and passionately supported to achieve top priorities
Resources that are allocated as appropriate on top priorities
Goals that are formatted based on solid research and a common understanding
Goals that aligned throughout the organization
Employees who are [...]