Do you realize New Year’s Day is a mere 9 Fridays away? That means two things:
- You better get your holiday shopping lists in order.
- You are running out of time to tackle your Strategic Planning before 2021 begins.
In October, we defined strategic planning on the Culture Spark Blog. Understanding the definition of strategic planning is important, but if you aren’t undertaking the practice with the proper frequency and timing, you could be undermining your efforts.
Frequency and Timing
Most businesses practice strategic planning annually, but the best ones do it more frequently, such as twice a year or even quarterly. When addressed infrequently, strategic discussions can become overwhelming to the business owner. On the other hand, when companies believe they can strategically plan as they go through the year — rather than setting aside specific times to really focus on it — it often ends up being dropped for the sake of seemingly more pressing tasks. That’s why for me, Q4 is always strategic planning season. Making sure it is a seasonal rhythm and knowing when it is coming allows me to dedicate the necessary time, attention and reflection.
Engage Culture Spark to conduct a unique facilitated Strategic Planning Session with your team to reassess and realign your goals.
Forward-looking strategy formulation can make the difference between a profitable business and one that stagnates. In this session, executive leaders are expertly escorted through the strategic planning process from the basics of strategy formulation to the complexities involved in its execution.