What is Strategic Planning?
Strategic planning is the process of defining your company’s strategy, or direction, and making decisions on allocating its resources to pursue this strategy, along with setting priorities. Normally these take place three times a year every 13 weeks. These sessions are designed to help execute the Strategy that was created during the 2 day annual retreat.
What is typically covered in a strategic planning workshop?
- A 13 week review to include: Where is the business going & how are we performing against the priorities we committed to?
- Identifying any constraints that may have held the business back.
- Strategic Priorities: What are the 3-5 company priorities that need to be identified to keep the business on track to achieving its annual plan.
- Execution Planning: What actions does each department need to own to help ensure the company’s 13 week sprint is achieved.