Who is responsible for updating a strategic plan
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It is therefore essential that the CEO discusses the truly momentous strategic challenges with their closest colleagues.
It would be crazy in most contemporary organizations to have a process of corporate strategic planning, in which their full participation is not a primary characteristic.
Changes in the plan usually result from changes in the organizations external environment and/or client needs result in different organizational goals, changes in the availability of resources to carry out the original plan, etc. Why the changes should be made (the "why" is often different than "what is causing" the changes). The changes to made, including to goals, objectives, responsibilities and timelines.
The most important aspect of deviating from the plan is knowing why youre deviating from the plan, i.e., having a solid understanding of whats going on and why. Manage the various versions of the plan (including by putting a new date on each new version of the plan). Always discuss and write down what can be learned from recent planning activity to make the next strategic planning activity more efficient.
One advantage of monitoring and evaluation is to ensure that the organization is following the direction established during strategic planning. Adults tend to learn best when they're actually doing something with new information and materials and then they're continuing to reflect on their experiences. The strategic plan document should specify who is responsible for the overall implementation of the plan, and also who is responsible for achieving each goal and objective. Should the deadlines for completion be changed (be careful about making these changes -- know why efforts are behind schedule before times are changed)? Do personnel have adequate resources (money, equipment, facilities, training, etc.) to achieve the goals? Organizations experiencing rapid change from inside and/or outside the organization may want to monitor implementation of the plan at least on a monthly basis.
You can learn a great deal about your organization and how to manage it by continuing to monitor the implementation of strategic plans. The document should also specify who is responsible to monitor the implementation of the plan and made decisions based on the results. Will the goals be achieved according to the timelines specified in the plan? Boards of directors should see status of implementation at least on a quarterly basis. Answers to the above key questions while monitoring implementation. Trends regarding the progress (or lack thereof) toward goals, including which goals and objectives 3. Any actions needed by management Its OK do deviate from the plan.
The idea that any executive could discuss diversification or an acquisition without the chief executive being there makes no sense.Who participates in strategic planning can also influence whether or not the plan is implemented effectively.We need a multi part answer to the question of who is involved in strategic planning.Contrary to popular practice in many sizable organizations, I therefore rule out, in most cases, the corporate strategic planning process being carried out by a specialist strategic planner, even if they are designated Chief Strategy Officer.No one other than the CEO has the authority to even mention some of the strategic elephants in some organizations.