Is it worth embarking on a strategic planning process? YES!!
The key to successful strategic planning is to build in
implementation steps and
measures that allow you to engage your staff and monitor results at regular intervals, not just once a year! The work of strategic planning doesn’t stop at the strategic plan, but it’s a fantastic start!
Here are the top 5 benefits of strategic planning:
1. It allows organizations to be proactive rather than reactive.
Through strategic planning, your company can anticipate unfavorable scenarios before they happen and make precautions to avoid them, allowing you to be proactive rather than merely reacting to situations. Being proactive allows you to keep up with ever-changing trends in the market and always stay one step ahead of the competition.
2. It sets up a sense of direction.
A strategic plan helps define the direction in which your organization
travel, establishing realistic objectives and goals. A strategic plan offers the foundation from which you can evaluate your success and establish a framework for efficient decision-making.