Developing Strategy: Project vs. Process

Yesterday I made the claim that no matter the situation, successful strategic planning efforts often follow a similar five-step process:

  1. Assess the Current Situation
  2. Determine Strategic Pillars
  3. Develop Specific Plans
  4. Ensure Affordability and Rationalize
  5. Launch

That doesn’t mean that all strategic planning efforts are the same.

Today I want to focus on one really important dimension of difference: is this an ongoing strategic planning process, or is it a one-time project?

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