What Leaders Should Know About Strategic Planning
Dr. Rick Goodman,CSP Motivational Business Keynote Speaker
Transformational Speaker @ Global Events | Leadership, Engagement, Team Building
What leaders should know about strategic planning is critical, if they want to build stability and consistency in today’s business world. When you’re the leader of a team, whether it’s a team of 10 or a team of 10,000, it’s critical to be grounded in the present, but also to keep one eye cast toward the future. Simply put, you’re in it for the long haul. You want the team to thrive not just today, but tomorrow. That’s what makes strategic planning so important. It’s all about establishing your team and your business for long-term success.
This is one of those concepts to which most leaders give lip service… but do you really have the right, formal processes in place for shrewd strategic planning? That’s what we’re going to look at today. First, we’ll touch on the importance of strategic planning. From there, we’ll get into the ins and outs of the process.
What is Strategic Planning?
Before we get any further, though, it may be beneficial to pause for a definition. When we talk about strategic planning, what exactly are we talking about?
My basic definition of strategic planning is that it’s an activity undertaken by business leaders and managers wherein they set the short-term and long-term priorities for the organization; establish metrics and set expectations; allocate how resources and energy should be spent; and ensure everyone on the team is aligned with those long-term goals.
It sounds like a lot, and it is! But now, we’ll break it down and provide some greater illumination, first looking at the importance of strategic planning.
The Importance of Strategic Planning
There are a number of reasons why strategic planning to be of paramount importance . Here are just a few of them.
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These are just some of the reasons why I think strategic planning matters. Now, let’s turn to another key question: What is the strategic planning process?
What is the Strategic Planning Process?
Strategic planning is a big undertaking, and this list is by no means comprehensive. With that said, here are a few guidelines to keep in mind as you consider your own strategic planning process.
These are some general considerations to make as you think about your strategic planning process… but if you’d like to get into specifics, I’m here for you!
Reach out and let’s chat together about the importance of strategic planning. I’d love to be of service to your business however I can. Contact me at www.rickgoodman.com or call 888-267-6098.