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1-2 weeks (1 hr meeting with Owner/CEO, Strategy Director and Facilitator (if necessary) to discuss information collected and direction for the continued strategic planning.) Who is going to be on your strategic planning team?You need to choose someone to oversee the implementation (Chief Strategy Officer or Strategy Director) and then you need some of the key individuals and decision makers for this team.
Move at a pace that works best for you and your team and leverage this as a resource.
For more of a deep dive look into each part of the planning phase, you will see a link to the detailed How-To Guide at the top of each phase.
An organization that develops and executes a strategic plan gains significantly from the experience, and starting with a working model and then building a tangible plan can be more successful for your organization than having no plan at all.
Over the life of your strategic plan, you may discover that some of the underlying assumptions of your strategy are flawed or incomplete.
A strategic plan is focused on mid to long-term goals and explains the basic strategies for achieving them.
Strategic Planning Business Development
This guide explains the purpose of strategic planning.Whereas a business plan could be for new businesses and entrepreneurs who are startups.A strategic plan is used to provide focus, direction and action in order to move the organization from where they are now to where they want to go.It tells you how to develop a strategic plan and what key elements you should consider in your business' strategy.It also outlines the main steps in the strategic planning process and gives examples of common planning models you can use, such as PESTLE analysis and SWOT analysis.Whereas a business plan is used to provide a structure for ideas in order to initially define the business.A strategic plan is critical to prioritizing resources (time, money and people) to grow the revenue and increase the return on investment.Larger organizations with multiple business units and a wide variety of products frequently start their annual planning process with a corporate-driven strategic plan.It is often followed by departmental plans and marketing plans that work down from the Strategic Plan.It should be a small group of approximately 12-15 persons.Conclusion: A strategic plan needs to be adaptive to survive changing or unanticipated conditions.