The final two stages in strategic planning are putting plan

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The final two stages in strategic planning are putting the plan in action and monitoring its progress. This reading addressed the two final steps and gave some information on how to proceed. First of all if the plan cannot be put into action then what good is the plan? A strategic plan does not have much value without implementation and follow-up. It is important to communicate the plan and commitment from all levels in the organization. The employees must understand the purpose of the strategic plan and know the part they plan in achieving the goals. The Balanced Scorecard helps the organization monitor the progress of the strategic plan. Feedback is also important as feedback provides a gauge as to how the company is performing. Keep in mind the strategic plan is a set of objectives and the balanced scorecard is a way to measure how well the company is meeting the objectives.

Reference no: EM132098356

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