Want FREE Templates on Organization, Change, & Culture? Download our FREE compilation of 50+ slides. This is an exclusive promotion being run on LinkedIn.

We have categorized 19 documents as Strategic Plan Example. All documents are displayed on this page.

Recognized management thinker Michael E. Porter once asserted, "Strategy is about making choices, trade-offs; it's about deliberately choosing to be different."

  Open all 19 documents in separate browser tabs.
  Add all 19 documents to your shopping cart.

Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.

Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab

Flevy Management Insights: Strategic Plan Example

Recognized management thinker Michael E. Porter once asserted, "Strategy is about making choices, trade-offs; it's about deliberately choosing to be different."
In the realm of corporate decision-making, few processes exemplify Porter's declaration more than Strategic Planning—a practice that shapes the course of entire enterprises, touching everything from Marketing Strategy to Operational Excellence and Risk Management.

Understanding the Stakes

Strategic planning isn't merely an exercise. It's a critical stage in an organization's lifecycle that provides clarity and consensus among C-suite executives about the enterprise's direction. A Strategic Plan is the resulting document, serving as a roadmap that details where the organization is heading and how it will get there.

In an era dominated by Digital Transformation, the strategic plan plays an increasingly pivotal role in establishing a clear path to the future. It aligns an organization's characteristics with its environment—harmonizing strengths and opportunities while mitigating weaknesses and threats. The plan ideally becomes a living document, changing as market realities dictate, and steering the organization to areas of unique value provision.

A Strategic Plan Example

Understanding the constituent elements of a successful strategy is critical. For the sake of illustration, consider a hypothetical Fortune 500 technology firm—TechGiant Inc. Their strategic plan might include the following sections:

Best Practices

In developing a strategic plan, C-level executives can leverage a number of best practices:

  1. Engage the entire team: Involving all key stakeholders—not just executives—in the process adds unique perspectives, fosters shared ownership, and champions unity of purpose.
  2. Look outward: Include competitor analysis and industry research to contextualize the firm's market position and identify key opportunities.
  3. Be future-oriented: While reflecting on past performance is useful, the strategic plan's primary purpose is to envision and shape the organization's future.
  4. Quantify objectives: Goals and objectives should be measurable and specific, to ensure clarity and enable Performance Management.
  5. Iterate frequently: The plan needs to be alive, an active tool that changes as market realities necessitate, enabling proactive and reactive adjustments.

Developing a strategic plan that resonates with and unifies an organization, while preparing it for the competitive challenges ahead, represents a significant undertaking. But as leaders of Fortune 500 enterprises know, as they chart a course set by strategic intent and guided by well-crafted strategic plans, the rewards potentially exceed the effort many times over.

For effective implementation, take a look at these Strategic Plan Example best practices:

Explore related management topics: Digital Transformation Operational Excellence Strategic Planning Performance Management Risk Management Competitive Advantage Key Performance Indicators Best Practices Competitive Landscape Strategy Development Growth Strategy Pricing Strategy Product Strategy Value Proposition Marketing Plan Development Value Chain Analysis Breakout Strategy SWOT Market Segmentation

Additional Flevy Management Insights

Download our FREE Strategy & Transformation Framework Templates

Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more.