It also provides a way of tracking progress and measuring success.
However, it’s not a document that is fixed in stone — instead, it’s wise to revisit and adjust a strategic plan periodically based on the evolving vision, objectives, needs, and resources of a business or institution.
In addition, it is important revisit the plan quarterly or yearly to make sure you are still on the right path and to consider any changes you can make to improve your plan for the following year.
The success of your organization — no matter what size or industry — depends on the thoroughness of your planning and vision.
Here are some of the elements often included in a strategic plan.
No matter what type of strategic plan you are working on, using a template provides a simple and quick outline to organize your process.
A strategic plan can provide a roadmap for accomplishing specific goals, and will increase your chances of reaching objectives on time and budget.
In this article, we’ve rounded up the top strategic planning templates in Microsoft Word and Excel, all of which are free to download and fully customizable.
Different parties may be responsible for providing data, reviewing the plan, or authorizing strategic decisions.
As you prepare for planning, make sure all participants understand what’s involved in the process and have received any relevant information prior to meeting.