Essentials of Strategic Planning

Sep 12, 2024

Introduction to Strategic Planning

Importance of Having a Strategy

  • Developing Strategy Takes Time and Resources
    • Requires commitment from highly paid and experienced personnel.
    • Poor planning can be worse than no planning at all.
    • Recognizing the critical need for strategy is essential for long-term success.

Who We Are

  • Michael Wilkinson, Founder of Leadership Strategies
    • Professional facilitators aiding organizations in developing and implementing strategic plans.
    • Introduced the Driver's Model from the book "The Executive Guide to Facilitating Strategy."

Five Reasons to Plan

  1. Sets Direction and Establishes Priorities

    • Defines the organization’s view of success.
    • Outlines priority activities to turn this vision into reality.
    • Ensures that key initiatives receive the attention they deserve.
  2. Aligns Organization

    • Brings departments together towards common goals.
    • Avoids fragmentation in efforts across operations, sales, marketing, etc.
  3. Simplifies Decision Making

    • Helps leadership teams to prioritize initiatives.
    • Makes it easier to decline distractions that deviate from main focus.
  4. Drives Alignment

    • Ensures resources align with strategic priorities.
    • Prevents efforts from being misdirected into less impactful areas.
  5. Clarifies and Communicates the Message

    • Helps articulate the strategy beyond the leaders’ thoughts.
    • Enhances understanding among staff, suppliers, and customers for better support.

Summary

  • Need for Strategy

    • Sets direction and priorities
    • Aligns the organization
    • Simplifies decision-making
    • Drives alignment
    • Clarifies and communicates the message
  • Leadership Strategies

    • Experienced in helping organizations develop successful strategic plans.