Questions and Answers
What is the ideal time interval between cycles of Strategic Planning?
In general, we recommend that you hold Strategic Planning update meetings on an annual basis. There are a number of factors to consider when scheduling these sessions which could alter the interval between cycles by a matter of months. A team should consider the overall status of their Action Plans. If a significant number of Objectives are not yet complete, and business conditions have been relatively stable, you may opt to push the review meetings out somewhat. If significant and unanticipated changes in your industry or business environment have occurred, moving the review up somewhat may be in order. Also, some teams like to take the opportunity to schedule subsequent cycle meetings in sequence to their annual budgeting process if they had not done so in their first cycle. The key is remaining flexible and adjusting the schedule as business conditions and your own internal situation dictate. You should, however, avoid the pitfall of continuing to delay the subsequent cycle reviews. Successful Strategic Planning requires creating discipline in the organization and that discipline comes from establishing a repetitive and predictable schedule.
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Center for Simplified Strategic Planning, Inc.
PO Box 8272
Ann Arbor, MI 48108
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