Nine Essential Steps for Strategic Planning

All corporate functions do strategic planning, but few do it well. Strategic planning is critical for forward-looking organizations, but short-term planning activities often leave little time to pursue long-term strategy. The mission for business leaders is to identify initiatives that will drive enterprise growth ambitions, and unlock the capacity (time, budget, talent and technology) needed to fuel them. Most companies are now pursuing strategies that have a greater risk of failure, and often involve business model change that creates a complex set of coordinated changes across the business. Gartner suggests 9 steps that provide a guide for leaders to effectively prioritizes the successful execution of critical initiatives that are tied to overall business goals.

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