Who is responsible for updating a strategic plan Adult chat room with older men

20-Aug-2019 20:22

Growing a business means taking many decisions about the way you want to expand your operations.

Creating a strategic plan is a key component of planning for growth.

It will help you prepare a realistic vision for the future of your business and in doing so can maximise your business' potential for growth.

A strategic plan should not be confused with a business plan.

Before I go on discussing the strategic planning processes, I would like to first of all point out the questions that need to be addressed by any strategic planning process.

The questions are: WHO IS RESPONSIBLE FOR MAKING STRATEGIC PLAN AND DECISIONS?

A business plan is about setting short- or mid-term goals and defining the steps necessary to achieve them.

A strategic plan is typically focused on a business' mid- to long-term goals and explains the basic strategies for achieving them.

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Through the process of formulating a plan, issues and assumptions can be exposed to detailed formal scrutiny, early enough to make effective management possible.

The purpose of strategic planning is to set your overall goals for your business and to develop a plan to achieve them.

It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.

Recently I was asked to comment on the question: Who is or should be responsible for Strategic Planning? Here is my response: Of course I agree that the CEO is the ultimate decider of the final strategic plan.

Strategy is the CEOs primary job and also one of the key areas of attention for the Board.

Through the process of formulating a plan, issues and assumptions can be exposed to detailed formal scrutiny, early enough to make effective management possible.

The purpose of strategic planning is to set your overall goals for your business and to develop a plan to achieve them.

It involves stepping back from your day-to-day operations and asking where your business is headed and what its priorities should be.

Recently I was asked to comment on the question: Who is or should be responsible for Strategic Planning? Here is my response: Of course I agree that the CEO is the ultimate decider of the final strategic plan.

Strategy is the CEOs primary job and also one of the key areas of attention for the Board.

Strategic planning is the responsibility of strategic management as it involves overriding issues facing organizations, strategic planning is concerned with planning, directing, organizing and controlling of a company’s strategy-related decisions and actions.