A strategic planning exercise is a leader-led initiative that sets the direction of the organisation. It is a systematic and carefully analysed initiative that helps build the vision, mission, goals, objectives and values for the organisation. Strategies are then formulated to support the organisation’s vision, mission, goals, objectives and values.
Challenges
- Diminishing market value/market share/profit margins.
- Lack of clearly defined strategic business direction and objectives.
- Resources are not properly utilized resulting in inability to achieve desired results.
- Lack of clarity in the organization’s talent management initiatives.
