Strategic planning is always connected to the larger vision and goals your business has. So, when you do it well, a natural, positive side effect is that everybody becomes more aligned.

Given those changes, the strategic planning paradigm of yesteryear—crafting a strategic plan and referring to it once a quarter during budget reviews—no longer cuts it.

Why Strategy Matters Let’s start with why strategic thinking is important. According to a 2013 study, strategic thinking is a cornerstone of effective leadership. The study, which evaluated the ...

The bedrock of strategic planning starts with crystal-clear mission definition. This goes beyond crafting vision statements—it requires leaders to precisely articulate their organization’s ...

A strategic plan is being developed to answer those questions. That process began in September. The West Lake Corridor project was always meant to be a phased project, Noland said.