Formation Of Strategy : Strategic Planning Essay example

Formation Of Strategy : Strategic Planning Essay example

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Formation of Strategy
Strategic planning is an important process for organizations whether they are profit or for profit as it allows for reflection on where the organization is, how the organization can further its mission and vision, and the future decisions and actions that will achieve the strategy. Strategic plans can incorporate goals over the course of the next year or the next five years. It is vital for a NPO to think ahead strategically in order to support itself and flourish. Allison and Kaye (2005) states, “The fundamental phases of the strategic planning process…are presented in a logical serious of phases and related steps that allow for flexibility and creativity” (p. 14). The first phase of planning is to assess if the NPO is equipped for strategic planning. It is not a valuable use of the NPO’s resources to undergo strategic planning if it is not warranted. If a CEO and chair do not have a passion for the NPO’s mission as well as a strong and transparent working relationship, it is uncertain that the return on the investment of strategic planning will be fruitful. The CEO and chair must be dedicated to the planning process and as strong leaders must work together, devote a substantial amount of time and energy on the process (Allison & Kaye, 2005, p. 31). The NPO’s leadership must identify the reasons for this planning as this will guide how the planning is done and the stakeholders who need to be involved in the process which will be laid out in a formal, yet dynamic work plan.
If done systematically, a NPO will evaluate to reinforce and/or revise the mission, vision, and values of the organization to appropriately reflect overall operating goals. With reinforcement of the mission, vision, and values ...


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...f the CEO and chair are not on the same playing field with board development, it poses potential problems in the strategic planning process. Effective NPO leadership has a systematic approach for board development and strategic planning. Key considerations throughout strategic planning are the input and communication between all stakeholders in the early phases of discovery, agreeing upon key priorities, managing the change that implementation will cause, and assessment of these changes. This takes flexibility on all who are involved; and this flexibility is best modeled by the NPO’s leadership. For a NPO the return on much invested time and effort on behalf of the CEO and chair to work in tandem and build a sound board on the front end positions the organization to reap many accomplishments and advancement of the mission, vision, and values of the organization.

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