"If you don't know where you are going any road will get you there." CS Lewis
Strategic Planning is the one process that enables significant stakeholders to focus on the vision of the company, challenge assumptions that might have inhibited their success and galvanize the significant drivers to collaborate in creating or recreating the company's history.
With the right culture and facilitation strategic planning will not only enable the articulation of vision and goals, but it will also enable the key players to address the assumptions, organizational dynamics and roadblocks that impinge upon success and join together in a shared vision that creates passion and collaboration. The results are both tangible and intangible.
"Strategic planning embodies the heart, soul and hope of the company।" ~
A clear strategic plan is the rudder for every company's journey to success.
Without a solid strategic plan, companies will not attain previously set goals.
The Three Stages of a Strategic Planning Retreat
Prior to the Strategic Planning Retreat:
Create a focused agenda designed for maximum productivity and efficiency
Work with board to clarify vision, mission, values and goals for the future
Identify Strength, Weaknesses, Opportunities and Threats (SWOT)
Assign each member homework for upcoming retreat
Set clear expectations for each member attending the retreat
During the Strategic Planning Retreat:
Keep participants focused and productive
Insure productive collaboration by facilitating team- building exercises
Insure open communication by facilitating exercises
Mitigate resistance to growth and change amongst participants
Allow everyone to focus on their assigned roles & goals
Keep track of time and progress
Follow up action plan
Implementation of action plan
Coach key leaders to achieve individual and departmental goals
Schedule planned meetings to insure that goals are being met \
A successful retreat results in:
A clear vision, mission and values
An understanding of the SWOT Strengths Weaknesses, Opportunities and Threats
A plan to mitigate the weaknesses and threats and optimize the strengths and opportunities
Unbridled communication among the stakeholders to address concerns and hopes; silos and cross function collaboration
Strategies for each goal
Action Plan What How Who when
Quarterly Check -in Schedules
Team commitment with clear roles and responsibilities
Improved Communication and collaboration
Strategic Planning Tips
Establish SMART goals that are aligned with your values, vision and mission:
Timeline:Use the horizon of 2-5 years when developing your strategic plan. This will give you a broad opportunity for choosing direction and creating a plan to get the job done.
Size of Retreat:Identify the key people to participate in a strategic planning retreat. Choose a group with balanced perspectives and strengths. The ideal size is 8-12 people.
Time of Retreat:
Retreats should be 2-3 days
The retreat should be selected 6 weeks prior to give participants enough time
Should focus on both research and future vision
Assignments should be focused and targeted
Assignments should also focus on the individual's future vision and how that complements the company's future vision
This may include personal development, succession or exit strategy