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Strategic Planning Pitfalls

thoughtLEADERS, LLC

Avoid these six pitfalls as you create your organization’s strategic plan. As you look at your organization’s strategy and your current strategic planning process, it’s critical to understand there are some really large pitfalls out there that you can fall into. First, do you lack a clear direction?

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Strategic Planning for Business Growth in 2024

Strategy Driven

In 2024, strategic planning remains a critical driver for business growth. Effective strategic planning requires skilled professionals who can analyze market trends, integrate digital solutions, champion sustainability, and manage financial risks.

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Avoid These 5 Strategic Planning Risks

thoughtLEADERS, LLC

Create better strategic plans by avoiding these five common mistakes. Strategic planning takes a lot of time and energy. Here are some warning signs that you can look for to determine if your strategic planning process is flawed. Please click the article headline above or go to [link] for more.

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Understanding the Principles of Strategic Planning

thoughtLEADERS, LLC

Learn about the three principles of strategic planning and how they can focus your efforts. What is a strategic plan, and why is it important? A strategic plan defines what your organization stands for. Please click the article headline above or go to [link] for more.

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How frequently does your organization reassess and renew its strategic plan?

thoughtLEADERS, LLC

Our reader poll today asks: How frequently does your organization reassess and renew its strategic plan? More than once a year 15.45% Once per year 40.16% Once every 2-3 years 17.37% Once every 4+ years 13.51% What’s a strategic plan? Please click the article headline above or go to [link] for more.

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How frequently do you update your strategic plan?

thoughtLEADERS, LLC

Our reader poll today asks: How frequently do you update your strategic plan? We refresh more than once per year—13% We update it annually—43% We update every couple of years—19% We rarely refresh it—12% What’s a strategic plan?—13% —13% Regular strategy review.

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Strategic Planning: How to Conduct a SWOT Analysis

thoughtLEADERS, LLC

When strategic planning, a SWOT helps you define your business strengths, weaknesses, opportunities, and threats. Please click the article headline above or go to [link] for more. A useful tool you can use to assess the environment you’re competing in is called the SWOT analysis. And typically, it’s drawn on a grid.