Liz’s Leadership Insights Blog

10 Indications It’s Time to Update Your Strategic Plan – Why, When & How

10 Indications It’s Time to Update Your Strategic Plan – Why, When & How

If you're wondering when to update your company's strategic plan, here are ten indicators it may be time: Someone wrote "Update Me" in the dust on the printed version of your plan. You vaguely remember creating your plan about the same time you bought your first fax machine. When asked if they've ever seen your company's strategic plan, your employees laugh and reply, "Strategic plan? This company has a strategic plan? I don't believe it!" You ask eight different employees to identify the top...

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Boards Should Do Board Stuff

Boards Should Do Board Stuff

I've heard the same question from three board presidents over the past few weeks: So how do we make sure we implement the strategic plan we just completed? My answer: That's your job as the board president. Make strategic plan updates a regular part of your monthly or at least quarterly board meetings. Put it on the board meeting agendas; then address it. If you don't track it, monitor it, and coordinate with the CEO and others as appropriate to make sure action is being taken, who will? Your...

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