Strategic Planning: What is there to gain?

We came across this Globe and Mail article written by the BDC on Strategic Planning and we thought it was very useful.

Here are what a strategic plan could enable you to achieve:

• Envision your company’s future over the next three to five years
• Define your long-term goals
• Assess your current environment, as well as strengths, weaknesses, opportunities and threats
• Develop strategies and tactics to address any identified problems
• Assign timelines and responsibilities to turn your plan into reality
• Reduce the risk of doing business based on better decisions and achieve your company’s potential

Content provided by BDC.CA

Do you have any others to add to the list? Tell us what you gained through Strategic Planning in your company. We would love to know!