Strategic planning just may be the most important policy a board of directors, executing its governance responsibilities, may create. And yet, far too often, it isn’t done “right”. Why?
Let me be clear about two things. First, a board does not create a strategic plan by itself. And second, there is no one “right” way to do strategic planning; there is, however, a “right” cast of characters and order of appearance.
When I say a board doesn’t create a strategic plan by itself, I mean just that. Read more