Who is responsible for updating a strategic plan

Assigning adequate resources shows that the company’s leadership is serious about the plan and will help motivate employees to accomplish their assigned tasks.

It’s important to clearly communicate the requirements of your action plan throughout your business.

You’ve done the hard work of creating a strategic plan for your business. If your company is like many others, the plan will sit on a shelf, mostly ignored. It’s like having a roadmap to your destination but never getting in your car to drive.

However no one organization is alike and you may decide to fast track your process or slow it down.Effective strategic planning articulates not only where an organization is going and the actions needed to make progress, but also how it will assess its success. Strategic planning can provide an overall strategic direction to the organization.It also gives a specific guidance for areas like financial strategy, media and communications strategy, organizational development strategy and human resources strategy, to achieve success.Here are five tips to help you make it happen in your business.Be sure to allocate sufficient human, financial and other resources (for example, equipment and IT support) to each step of your action plan.