From the course: Strategic Planning Foundations
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Key takeaways on strategic planning
From the course: Strategic Planning Foundations
Key takeaways on strategic planning
As you look at your organization's strategy and your current strategic planning process, it's critical to understand there are some large pitfalls that can derail your efforts. First, do you lack a clear direction? If your organization can't articulate here's where we're going, and here's why we exist, and here's what we look like three to five years from now, you may lack direction. Second, do you know how to say no, or do you say yes to everything? Look at the latest set of initiatives you've pursued over the past year. How many of them have been failures? How many of them should you have walked away from? That's an indicator you're not saying no. Next is failure to prioritize. Go look at everything everybody's working on right now in terms of major initiatives. Are they all properly resourced? Or are some of them missing key resources? If you have a bunch of projects that are stalled or are behind schedule, you probably haven't resourced appropriately, and your prioritization…
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