Strategic Planning Requires Planning 2014 February 1st, 2014
Strategic planning is a popular catch phrase for developing long-term strategies to deal with a corporation’s growth and development – particularly for increasing profit margins.
However, a recent survey found that many executives are unsatisfied with their own company’s so-called strategic plans. If fact, many reported that their companies needed to develop more effective methods for developing a strategy and for implementing those plans, according to The McKinsey Quarterly, which conducted the survey.
Key findings of the survey, “Beyond Planning: Creating a Strategy That Promotes Alignment, Agility, and Accountability Best-practice Report”, offers tips executives across many sectors will find useful while developing a strategic plan:
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