How do we develop and implement a successful Strategic Plan that provides long-term benefits? Strategic Planning typically consists of planning, implementation, and related execution activities. No strategy is perfect and neither is the plan for implementing the strategy. A good strategy should include continuous improvement where progress is evaluated on a regular basis and changes to process or even to strategy itself are implemented in order to ensure maximum benefit. This means that Planning, Implementation and Execution phases must overlap for the life of the strategy.
This is easy to say but difficult to accomplish. There is a conflict between people who are good “creators” and people who are good “fixers”. The “creators” do not want their initial idea/strategy to be analyzed and fixed and the “fixers” do not like to follow a flawed strategy or plan. The lack of a continuous improvement process is a key factor in the failure of Strategic Planning.