The key to success is focus along with clear vision, goals, and regular evaluation of progress toward results. Yet, it’s hard to accomplish focus without a plan. Strategic planning is about setting up an operational cadence for establishing, executing and reviewing key priorities and for communicating progress regularly. It is also about keeping the vision and priorities front and center; soliciting regular feedback to ensure company-wide ownership and accountability; and motivating people to strive for results.
A successful strategic planning process includes the following three phases.