The ability to develop a detailed strategic plan to achieve goals
WHAT IS IT?
Strategic Planning is a highly sought after skill for leaders. Strategic Planning guides an institution, idea, or effort by modeling the future. Leaders with strong strategic planning skills understand how to plan for the future and into the future. They outline different potential outcomes, forecast the likelihoods of different situations, construct ideal courses of action, and develop contingency plans.
WHY IS IT IMPORTANT?
Projects and organizations live and die based on strategic planning. A leader’s ability to plan for the future and then adapt to change as that plan is executed can determine the ultimate outcome. Leaders need to cultivate strategic planning skills in order to increase the likelihood of success in spite of potential unforeseen obstacles. Advanced Strategic Planning skills can also increase the accuracy of of budget, time, and scope forecasts.