5 May 2021 Volume 25 -- Potential Pitfalls in Developing Strategic Plans

Long-Term Planning was the topic in Volume 9 of this series and discussed the three components that make up an effective Long-Term or Strategic Planning process: Strategy Creation, Strategic Planning, and Strategy Execution or Strategy Deployment. These are difficult, complex processes to implement effectively and have a significant impact on the long-term success of the business. This podcast highlights some of the potential pitfalls that teams can fall into while creating and deploying strategic plans. Hopefully, your team can learn from the experiences summarized in this podcast and avoid some, if not all these pitfalls when developing and implementing your strategic plan.