clarifying roles and contribution, as well as your organization’s priorities
An organization’s strategy describes how it intends to create future, sustainable value for its stakeholders. Critical to the success of any strategic planning is following a disciplined process to deliver shared understanding of and commitment to the organization’s strategic imperatives. This requires translating critical strategic decisions into a set of priorities, objectives and appropriate allocation of resources. These strategic imperatives can, in turn, provide an effective framework for the Board’s oversight focus going forward.
A practical vision that creates the necessary sense of urgency to ensure sufficient time for the development, implementation and evaluation of plans typically requires a time horizon of about 3 - 5 years. Effective strategic plans should also be:
Simple, clear, and compelling;
Constructed from “the outside in”;
High level engagement on the part of the Board, Management, and other stakeholders;
Supported by organizational alignment in terms of structure and roles, including the Board;
Clear expectations of the Board and Management and roles and contribution; and,
Focused on serving current and future members, customers and other stakeholders.
Our approach is based on proven approach to strategic planning. In addition to creating a roadmap for ensuring future organizational success, we view a strategic plan as having other benefits, including:
A process and tool that serves to foster co-commitment and co-ownership by the Board and Management, as well as Members, to the direction the organization will be taking;
A plan that equips the Board of Directors to give effective oversight of WCWC and its strategy execution; and,
A framework that facilitates timely, aligned and focused decision-making relative to current and future business and governance issues.