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Elate puts everything you need to build your Strategic Plan right at your fingertips. From setting your long-term vision and annual goals to tracking quarterly objectives, it’s never been easier to create a plan that helps you reach your goals.
Rather than working out of dozens of spreadsheets or endless presentations, Elate helps you build a simple, intuitive plan that can be easily shared with team members.
Companies and organizations of all sizes and across virtually every industry rely on strategic planning as a way to assess their business, set a vision and goals for the future, create an action plan for achieving those goals, and more. Ask the leaders of any successful organization about the importance of strategic planning, and they’ll likely tell you how much it helps keep their company on track while enabling them to unlock opportunities for growth.
This blog is all about strategic planning, why you should be doing it, and—perhaps most importantly—how to do it well. To keep things tidy, we’ll be answering the following three questions:
Strategic planning describes a process through which the leaders of a company or organization define their vision for the future. Additionally, strategic planning involves defining the specific goals, objectives, and milestones they’ll need to achieve along the way. In other words, the foundation of strategic planning centers around answering two high-level questions:
As the process unfolds, more specific items can be addressed and accounted for, like setting timelines and milestones, assigning responsibilities, and tracking progress and status updates.
Regardless of what you’re trying to achieve, the primary importance of business strategy and strategic planning is that it provides a framework and process for growth. Depending on what’s needed, strategic planning can play a pivotal role in a wide range of organizational goals, such as helping to:
When done well, strategic planning can bring about meaningful, even transformational, changes to a business and how it operates. Among the most compelling benefits of strategic planning is its potential to increase market share and profitability, provide a sense of direction, drive operational efficiency, improve decision making, and develop resiliency.
It’s important to understand that not all strategic plans are created equally. When developing a strategic plan, the S.M.A.R.T. objective framework can be applied, in order to ensure the plans you develop are centered around goals that are:
Elate’s unique, dynamic platform was built to empower diverse organizations with the tools and insights they need to create—and implement—more successful strategic plans. Simply put, we understand the importance of strategic planning in an organization and have built a platform that streamlines the strategic planning process. This way, you can create effective plans while driving vital engagement and collaboration from key team members throughout the organization.