I’ve helped create over 500 strategic plans. As a facilitator, I work with large corporations, family businesses and non-profit organizations to help them create the best strategic plan. The issue of when should you change plans comes up during executive coaching sessions, too. The same question arises whether you’re in Cincinnati, Ohio, Kentucky, or Jacksonville, Florida.
We’re in a period of rapid change. Technology is impacting every aspect of business. Covid has altered how and where people work. Trade barriers, inflation, cost of capital: there’s variability in everything.
When an organization makes its strategic plan, it looks down the road. It assesses its strengths and weaknesses, opportunities and vulnerabilities. Leadership sets a course for the future based on where things are today and where they believe they will go.
But sometimes things change.
A strategic plan is a roadmap. When you drive on a long journey, sometimes there is an accident or a bridge that’s out. What do you do? You adapt and find a way around it.
It’s the same in business. Bring together your executive team and assess what has changed. If you need to course correct, do so. It likely won’t change your ultimate objective, only your tactical or shorter-term strategic planning.
We facilitate strategic planning sessions. Our approach works. Which is why our customers are demonstrably more successful than their competitors. Some utilize our executive coaching services, others stick with strategic planning facilitation and implementation. Most of my customers are in Cincinnati, Ohio, Kentucky or Jacksonville, Florida. When should you change plans? If the answer is soon, please give me a call.