The Strategic Planning Process

Leaders conducting on a strategy planning session

Strategic planning, in short, is just another name for envisioning ahead. While most business professionals have a conceptual idea, not many possess that conceptual idea on paper. Strategic planning is an organization’s process of defining where and how it would like to be positioned in the future (PM Best Practices). Strategic planning is where all of an entrepreneur’s or organization’s business ideas are vetted and filtered to align with the organization and its functional areas (marketing, operations, finance, etc.). In general, these plans put a laser-focus on an organization’s vision, mission, values and now social consciousness.

A good strategic plan should be able to be translated into an actionable plan, or action plan. The action plan is (or should be) designed to further the strategic goals towards completion with the satisfaction of the individual or organization using the plan. At the business management level (operations),

Determining the decision-making process is critical when determining the projects that your organization will embark on.

References

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Meet Nikia Smith, the Director of Project Management Office (PMO), driving success at Business and Wealth Generations. With over a decade of advisory expertise, Nikia orchestrates strategy and operations, spearheading growth and innovation. Beyond his professional endeavors, Nikia actively participates in his community, having served on the Board of Directors at the Project Management Institute Florida Suncoast Chapter in different roles for several years. Recognized for his contributions, he received the PMI Florida Suncoast Chapter Award in 2018 for significantly boosting membership and retention and was also selected to attend the 2019 PMI North America Leadership Institute Meeting in Philadelphia. Nikia holds a bachelor’s degree in management and organizational leadership with a focus on Project Management, alongside several business certificates from St. Petersburg College. He is also certified in CAPM and PMP by the prestigious Project Management Institute. For collaboration opportunities, reach out to Nikia at info@thebusinesswg.com.