Creating a higher, more targeted focus on strategic planning, how it is articulated and how it is applied is an incredible boost to the performance and profitability of an institution.
A clear strategic vision that is well known and supported is one of the most impactful actions an organization can do. Consistent, thorough and structured strategic planning activities solidify strategic focus; developing a living document that will lead the institution on the path to its long-term strategic goals and the tactical directives to get there.
Immersing both the board and management team in the strategic process creates alignment of the board’s vision with management’s execution, frames timeline negotiations and creates clear expectations and boundaries for the institution to move forward through committed action. And it, without a doubt, gives you the tools to uncover more than just a strategy. It reveals the “how” of getting it done.