Strategic plans are often created and then forgotten until the next planning cycle begins.
That’s one reason that strategic execution often takes too long and costs more than originally anticipated. In fact, only 8% of strategy leaders report a success rate of 90% or more on long-term strategic initiatives.
Done well, a strategic plan turns the enterprise strategy into specific initiatives and actions that provide a clear roadmap to execute the strategy and meet business goals.
By using simple tools and templates, functional leaders can map and communicate their priorities on a page or two and make it easier for everyone to understand why and how to execute the plan.