Saturday Essay: The Art Of Strategic Planning: The Good Governance Guide To Strategy

Sue Lawrence, Chartered Director, Fellow of the IoD, founder of Independent Directors and Trustees Limited and series editor for The Chartered Governance Institute UK & Ireland’s ‘Good Governance Guide’ series, lifts the lid on strategy.

All organisations have a strategy, whether they’re aware of it or not, and whether they clearly communicate it or not. Without this forward focus the future health and growth of the organisation is in jeopardy and there is the risk that the organisation will, at the least, plateau and drift, if not fail or fall into the hands of others seeking to acquire or asset strip.

This can be set alongside the competitive markets in which most businesses work, or the wider impact that all organisations can have on society, the environment and their broad range of stakeholders.

So when looking across any organisation, including commercial businesses, charities, and the public sector, having a clear strategy is imperative in delivering against purpose, and creating and maintaining an organisation for the future. Clearly setting goals and objectives, highlighting priorities whilst simultaneously being able to adjust and adapt as internal and external influences are seen. Read more...

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