Best Practices in Strategic Planning

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This is a proven framework used by global strategy consulting firms for Fortune 500 companies. Learn this methodology and enrich your expertise. Then, save time by lifting slides directly from this presentation into your own.

Strategic Planning is a process of defining the organization's strategy and making decisions on allocating resources to pursue this strategy. It's a crucial process, but often poorly executed that leads to poor translation from strategy to execution.

In most companies, executives complain that their Strategic Planning is overly bureaucratic, insufficiently insightful, and doesn't accommodate today's rapidly changing, digital markets.

This framework presents an overview approach to Strategic Planning, along with 4 best practices to ensure effective Strategic Planning that leads to successful Strategy Execution:

1. Explore Strategy at 3 Time Horizons
2. Constantly Reinvent and Stimulate the Strategic Dialogue
3. Engage the Broader Organization
4. Invest in Execution and Monitoring

Topics covered include the 3 Strategy Time Horizons, Strategic Dialogue, Art of Questioning, Strategic Initiatives, Strategy Dashboard, among others. The concepts discussed are based on the research and thought leadership of BCG.

This document also contains templates for you to use in your own business presentations.

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