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DOCUMENT DESCRIPTION

Strategic Planning is a process of defining the organization's strategy and making decisions on allocating resources to pursue this strategy. It's a crucial process, but often poorly executed that leads to poor translation from strategy to execution.

In most companies, executives complain that their Strategic Planning is overly bureaucratic, insufficiently insightful, and doesn't accommodate today's rapidly changing, digital markets.

This framework presents an overview approach to Strategic Planning, along with 4 best practices to ensure effective Strategic Planning that leads to successful Strategy Execution:

1. Explore Strategy at 3 Time Horizons
2. Constantly Reinvent and Stimulate the Strategic Dialogue
3. Engage the Broader Organization
4. Invest in Execution and Monitoring

Topics covered include the 3 Strategy Time Horizons, Strategic Dialogue, Art of Questioning, Strategic Initiatives, Strategy Dashboard, among others. The concepts discussed are based on the research and thought leadership of BCG.

This document also contains templates for you to use in your own business presentations.

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Source: Best Practices in Strategic Planning PowerPoint document

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This business document is categorized under:
Business Framework Primers

File Type: PowerPoint (ppt)

Tag(s): Strategy Development, Strategy Execution, Strategic Planning, Strategic Dialogue

Number of Slides: 23

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Upload date (first version): Feb 20, 2017

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