Who is responsible for updating and communicating a strategic plan

The strategic planning process may seem daunting at first, but when you understand what’s involved and how to do it, it’s not that complicated.It takes time, but the amount you invest in the process pays off when everyone in your company works toward accomplishing the goals and objectives you’ve laid out. When you meet with your employees for strategic planning, you’re asking everyone to have a discussion and brainstorm ideas.Your employees are involved in the day-to-day operations and can provide you with a unique view of the company.Employees can share with you what they think is and isn’t working with the business today, which can inform your planning for the future.

Like your employees, vendors have a unique perspective on your industry. Small Business Administration recommends that the strategic planning process be a flexible one.Talk to them about the business, and get their thoughts on how they think the business landscape can change in the future. When you meet with your employees and any people outside of the company, remember that the discussions should encourage new ideas and thoughts.Involving your employees in the strategic planning process also means they receive a sense of accountability that can increase productivity.Strategic planning consists of analyzing the business and setting realistic goals and objectives.This leads to the creation of a formal document that lays out the company’s views and goals for the future.

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