When does an organisation need a strategic plan?

Reflecting on our prior articles on six compelling reasons for strategic planning, you may be wondering, ‘When does my organisation need a strategic plan?’

Many organisations develop business plans at the start of their organisation but often do not refresh them to align with the evolving needs of their clients, staff, and the external environment.

Here are some symptoms that your organisation needs a new strategic plan:

• unclear vision and direction,

• too many products and services,

• consistent dissatisfaction from customers and/or decline in revenue,

• ineffective team culture,

• significant external shifts like major industry, economic reforms, and industry lifecycle stages.

With changes in our world occurring more rapidly than ever, it is important for organisations to no longer treat strategic planning like one-time occurrences. This article by McKinsey details changes that leaders can make to treat strategy as an ongoing and continuous process.

At Impact Partners, our thorough strategic planning process can help your organisation effectively adapt to your changing context.

To find out how we can serve your organisation, book a complimentary 30 mins call with us.