Opinions expressed by Entrepreneur contributors are their own. Strategic planning is an organization’s process of defining its strategy or direction and making decisions on allocating its resources to ...

Strategic plans are, by definition, for the long term, usually for three to five years in the future. The plan sets the destination, or goals, for the company and outlines how resources will be used ...

Your mission statement is a clear description of why your business exists -- what it produces, whom it serves, how it serves them and what it stands for. By itself, however, the statement is just ...

Note: This article is the second in a series about how firms can successfully reassess and reimagine their business models. Read the first article here. Failure to plan is planning for failure. That ...

As the old saying goes, failing to plan is planning to fail. Good leaders know that forethought and preparation are necessary to succeed in this sense. Yet, it's not unusual for founders, executives ...

In 2022, ESF initiated a comprehensive strategic planning initiative to evaluate and update the College’s mission and goals. This document serves as ESF’s roadmap for all operations over the next five ...

Turn your strategic plan into a specific operational plan with these steps and examples. An annual plan is an operational plan that indicates specific goals and objectives for a particular program or ...

Forbes contributors publish independent expert analyses and insights. I enable organizations to simplify so they can focus on valuable work. You know the annual drill: you and your teams gather data, ...

Why do so many strategic plans by government agencies and jurisdictions fail, ending up on the shelf as expensive paperweights? One reason is that, too often, they’re developed by a narrow ...

Even if you don't use the strategic plan option or are examined by FDIC or FRB you should read this - At first glance most ...

UAB’s new strategic plan for 2024-2028, Forging Ahead, outlines our mission, vision, values, peers, foundations and pillars, as well as outlines institutional goals, strategies to achieve them and ...

When we began the task of developing our strategic plan for 2023-2027, one of the first objectives was to develop a sense of how best for our faculty, staff and students, as well as our alumni and the ...