To do this, match external opportunities and threats with your internal strengths and weaknesses, as illustrated in the matrix below: *To access the worksheets under “Tools & Techniques” please refer to our Strategic Planning Kit for Dummies.Evaluate the options you’ve generated, and identify the ones that give the greatest benefit, and that best achieve the mission and vision of your organization. GET THE FREE GUIDE The strategic management process is about getting from Point A to Point B more effectively, efficiently, and enjoying the journey and learning from it.
Conclusion: A strategic plan needs to be adaptive to survive changing or unanticipated conditions.
An organization that develops and executes a strategic plan gains significantly from the experience, and starting with a working model and then building a tangible plan can be more successful for your organization than having no plan at all.
Having a good strategy dictates “how” you travel the road you have selected and effective execution makes sure you are checking in along the way.
On average, this process can take between three and four months.
You need to choose someone to oversee the implementation (Chief Strategy Officer or Strategy Director) and then you need some of the key individuals and decision makers for this team.