CFO Edge Logo
  Home > Resources > Strategic Planning Process Article  
     
 

Does Your Business Do Strategic Planning?

 
  Arthur F. Rothber, Managing Director, CFO Edge, LLC  
   
  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
  Article Summary  
While most executives would say they do strategic planning and have a strategic plan, many acknowledge they haven't used a formal strategic planning process and their strategic plan is not documented.

There are a number of pitfalls when a company doesn't engage in a formal strategic planning process and commit the strategic plan to document format.

For example, without a formal strategic planning process and written strategic plan, it is unlikely managers will be able to successfully focus on and achieve company goals.

A formal strategic planning process addresses three key steps, a planning session agenda and elements needed in the written strategic plan.

When a written strategic plan is in place and shared by company leaders, multiple benefits can include better decision making and improved performance.

Los Angeles and Southern California executives considering a formal strategic planning process and committing outcomes to a written document may be interested in talking with an outsourced CFO services provider.

A professional CFO has many years of experience engaging in formal strategic planning processes and can leverage her or his expertise to moderate an off-site strategic planning session, as well as support the process of writing the strategic plan.

  Open as PDF Open the entire article as a downloadable PDF (No form completion is requested.)  
     
Subscribe to CFO Inside Edge

Our monthly newsletter delivers first notice of new white papers and articles plus remarks on performance challenges and solutions. View past issues and subscribe.

 
 
 
CFO or Controller: What's Right for Your Business?
White Paper
CFO or
Controller:
What's Right
for Your
Business?
Outsourced CFO Services
White Paper
Outsourced
CFO Services
Performance Measurement
White Paper
Performance Measurement
Strategic Planning & Forecasting
Brief
Year-End Strategic Planning & Forecasting
Planning a Business Exit White Paper
White Paper
Planning a
Business Exit
 
CFO Edge Blog CFO Edge on Twitter CFO Edge on LinkedIn
 
Intuit Certifications