By Erica Olsen
Visualizing The Direct Path To Your Success

Over the past month in this space, we have discussed the key elements of successful strategic planning. In addition to analyzing your strategic position and defining strategic objectives according to the Balanced Scorecard framework, we have talked about creating an environment that connects your employees to the organization’s mission, surrounding yourself with the right people with the right competencies and skills, securing sufficient funding and time to support your efforts, and setting structures of management, authority and communication.

A strategic plan is a valuable management tool that serves the purpose of helping an organization do a better job because it focuses the energy, resources and time of everyone in the organization in the same direction.