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The business landscape over the last few years has been changing at an ever-increasing speed, and 2024 promises to be no different. To effectively navigate the challenges and opportunities that present themselves, leaders need to adopt a fresh approach to strategic planning.
Here are some considerations leaders should take into account when embracing a strategic planning exercise:
On an individual level, the more resilient we are, the faster we will recover. The same is true for our businesses. A strategic plan, therefore, should incorporate business resilience strategies that will allow the firm to anticipate, prepare for, respond, and adapt to disruptions to maintain continuous operations.
Ask 10 consultants what the best strategic planning framework is, and you will get 10 different answers. And they will all be right in their own way. In other words, there are numerous frameworks that can help you develop your strategy and set clear goals. But setting goals is just half the battle. You also want a system that helps you stay agile so you can adapt when circumstances change unexpectedly, make clear execution decisions, and measure progress.
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