Strategic planning for Board management isn’t for the faint of heart. It takes a lot of analysis and questions and the courage to challenge the current system. It can be especially challenging when a board has previously had a habit of giving management the reigns and rubber-stamping their recommendations.

One of the first steps to effective strategy planning is determining how your board will approach the process. Some boards might prefer to rely heavily on and serve as supervisors of management, while others might work towards a co-creative role that involves working with the CEO on strategic decisions.

In any case, the key is to ensure that your board has an understanding and a clear picture of its responsibilities. This will help to ensure that the board’s input is valuable and that all board members are actively involved throughout the process.

A strategic plan metric is another crucial step to track the progress of your company. This will help you assess if your strategies are working and give you confidence that you are on the right path to success.

As part of your strategic planning, it’s equally important to assess the risks that are associated with your business’s goals and ask yourself whether they’re worth the risk. It can be difficult especially if you’re working against the established wisdom or personal preference. But the more you can discuss uncomfortable issues in a productive and respectful way and with respect, the more likely you will succeed.

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