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What is strategic planning, and what can it do for your organization? Developing a strategic plan for your organization is all about finding the right fit. Your executive team, board of directors, decisionmakers, etc., need to agree on an outcome that fits your organization’s future. Then, you can genuinely build a strategic plan to help drive success.

Formulate an articulated plan. Where are you going and why? You need to have a focal point and direction.

What are you best at? In what ways do you want to win? You’ll need to figure out how your company is different from the competition. Part of planning involves defining a strategic differentiation. This plays a huge role in the overall strategy in strategic planning. Engage in research from a competitive, market, and customer perspective.

Your plan needs to align with your organization. What’s important right now, and who must do what? Take your focal points and priorities and break them down throughout your organization.

Put Then put a process around managing your plan. We call this organizational transformation. Are we making progress, and do we need to adapt the strategy? Don’t let your plan sit on the shelf, so to speak. Take action and manage your team’s progress (put a monthly review in place).

What is strategic planning for your organization? Follow our tips to develop a solid strategic plan for your business.

More information is available at https://www.OnStrategyHQ.com

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