This week’s post and linked full PDF are by Arthur F. Rothberg, Managing Director, CFO Edge, LLC.
While most executives would say they do strategic planning and have a strategic plan, many acknowledge they haven’t used a formal strategic planning process and their strategic plan is not documented.
There are a number of pitfalls when a company doesn’t engage in a formal strategic planning process and commit the strategic plan to document format.
For example, without a formal strategic planning process and written strategic plan, it is unlikely managers will be able to successfully focus on and achieve company goals.
This week’s full PDF…
…looks at how a formal strategic planning process addresses three key steps, a planning session agenda and elements needed in the written strategic plan.
When a written strategic plan is in place and shared by company leaders, multiple benefits can include better decision making and improved performance.
Los Angeles and Southern California executives considering a formal strategic planning process and committing outcomes to a written document may be interested in talking with an outsourced CFO services provider.
A professional CFO has many years of experience engaging in formal strategic planning processes and can leverage her or his expertise to moderate an off-site strategic planning session, as well as support the process of writing the strategic plan.