what is covered in a strategic plan?
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The methodology for conducting and developing the Strategic Plan will involve workshops, interviews and analysis with the various executives, managers, business units and departments involved in the Strategic Plan.
During the Strategic Planning process, the following topics will be included and reported on in the final Strategic Plan document. This outline is not a boilerplate, but merely a guideline of the topics as requirements and objectives of the plan vary from organization to organization
I. Executive Summary
This section will comprise the background, objectives, goals and strategies that have been defined by the executives regarding the strategic direction.
II. Findings from Interviews
The executives, management and appropriate business units will have been interviewed regarding their requirements as a part of the overall strategic direction of the organization
III. Strategic Findings (SWOT)
A SWOT analysis (or multiple analyses) will details the Strengths, Weaknesses, Opportunities and Threats associated with the plan as defined.
IV. Strategic Direction (Roadmap)
This section will document how the plan will be implemented taking the strategy, timeline and resources into consideration.
V. Implementation Plan
This section will include a detailed implementation plan based upon the strategic direction. It will need to be flexible as typically a strategic plan will be deployed over a number of years and consequently will need to be adaptable to changes.
VI. Contingency Plans (Risk)
There are always risks associated with the implementation of a strategic plan. These risks should be documented, understood and a Risk Mitigation Plan developed so as to minimize any such risks to the organization.
VII. Financial Plan
The financial implications associated with the entire strategic plan need to be identified and understood. The financial implication will include both tangible and intangible costs and will include not only capital costs, but ongoing annual costs (e.g. hardware and software maintenance etc.)
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