Format for updating a strategic plan

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.Over the life of your strategic plan, you may discover that some of the underlying assumptions of your strategy are flawed or incomplete.The strategic management process is about getting from Point A to Point B more effectively, efficiently, and enjoying the journey and learning from it.Part of that journey is the strategy and part of it is execution.On Strategy is the leader in strategic planning and performance management.Our cloud-based software and hands-on services closes the gap between strategy and execution. Conclusion: A strategic plan needs to be adaptive to survive changing or unanticipated conditions.This can be as simple as asking the responsible person to give a status update on their goals for the quarter.It is very important that this is done because all organizations are so busy today that the day-to-day responsibilities can sometimes get in the way of completing long-term goals.

Developing a plan is key to effectiveness: the conversation that goes on as part of the plan development process is as important (if not more important) as the document.

Goals are a wonderful thing to have but unless they are implemented and someone is held accountable through a structured performance management process, they are nothing more than words on a piece of paper.

To give goals some teeth, they need to be taken down to the department and ultimately the employee level. Goals should be monitored at least on a quarterly basis.

Example Mission Statement: We exist to “help our customers care for and extend the life of their clothes investment.” A gap analysis is a process an organization goes through to identify the gaps between its current state and its vision.

To do a gap analysis, simply look at where the organization is and compare it to where it hopes to be.

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