What are the benefits of strategic planning?

Strategic planning can help with goal setting and decision-making by allowing you to map out how your company will move toward your organization’s vision and mission statements in the next three to five years. Let’s circle back to our map metaphor. If you think of your company trajectory as a line on a map, a strategic plan can help you better quantify how you’ll get from point A (where you are now) to point B (where you want to be in a few years).
When you create and share a clear strategic plan with your team, you can:
Build a strong organizational culture by clearly defining and aligning on your organization’s mission, vision, and goals.
Align everyone around a shared purpose and ensure all departments and teams are working toward a common objective.
Proactively set objectives to help you get where you want to go and achieve desired outcomes.
Promote a long-term vision for your company rather than focusing primarily on short-term gains.
Ensure resources are allocated around the most high-impact priorities.
Define long-term goals and set shorter-term goals to support them.
Assess your current situation and identify any opportunities—or threats—allowing your organization to mitigate potential risks.
Create a proactive business culture that enables your organization to respond more swiftly to emerging market changes and opportunities.
Want to print your doc?
This is not the way.
Try clicking the ⋯ next to your doc name or using a keyboard shortcut (
) instead.