The outcomes from an organization's strategic planning process can be wide, varied and invariably far reaching within the organization. For some, the results of the process are to stay the current course but for others their strategy requires a more...
As a board member and senior manager of a nonprofit you are responsible for creating and participating in the development of your organization's strategic direction and implementing the change associated with delivering upon that strategy. While there are few ethical...
Tip 1: Develop specific, measurable, achievable, realistic and time-limited objectives that cover the time horizon of your strategic plan. For example, "Increase gross revenue from all sources by 27% by May 30th 2005". Tip 2: Produce a written plan. This...
What is a SWOT analysis? Many people see SWOT as synonymous with strategic planning. In fact, a SWOT analysis is only one of many tools that can be used in an organization's strategic planning process. SWOT is short for "Strengths,...
What Is A Strategic Blind Spot? A strategic blind spot is something that is known to those outside the organization but is not known to those within the organization and can be positive or negative in nature. What Is Groupthink?...
While each organization’s strategic plan should be specific to its needs, our research and experience has determined that organizations that follow best practices in strategic planning have a greater probability of achieving their objectives. To see how your organization stacks-up...
A vision is a clear and ideal picture of what your organization will look like in the future. Many organizations have a vision. For some it is represented by a vision statement, for others it a written description. Regardless of...
I'm often asked what the role of the Board is in the strategic planning process. The most common answer is that the Board is responsible for the strategic direction of the organization and therefore should set the strategy. Few people...
The major problem with strategic planning is the failure to implement. The answer is not to abandon strategic planning. Rather we should look at changing the process we use to develop our strategic plans. When we think of strategic planning...
In Part 1 I outlined five approaches to strategy development: Mission-based strategy. Vision-based strategy. Environment-based strategy. Resource-based strategy. Capability-based strategy. While these are useful in understanding the various ways of looking at strategy development, for many organizations there is a...
