Over the past month in this space, we have discussed the key elements
of successful strategic planning. In addition to analyzing your
strategic position and defining strategic objectives according to the
Balanced Scorecard framework, we have talked about creating an
environment that connects your employees to the organization’s mission,
surrounding yourself with the right people with the right competencies
and skills, securing sufficient funding and time to support your
efforts, and setting structures of management, authority and
communication.
A strategic plan is a valuable management tool that serves the purpose of helping an organization do a better job because
it focuses the energy, resources and time of everyone in the
organization in the same direction. For all that we have already
discussed, sometimes a picture really is worth a thousand words. Hence,
the graph below which aptly demonstrates how each of the elements we
discussed must all work together for your success.
Discussion
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