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Spring 2016 Newsletter 2015 2016 MDC DirectorsPRESIDENTS LETTER At a strategic planning session of the MDC Directors in 2010, my predecessors on the board determined two major goals for the MDC. The
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Create an implementation plan that clearly outlines the steps, responsibilities, and timelines for executing the strategic plan. This will help ensure accountability and progress tracking.
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A strategic planning involves setting long-term goals and determining the best strategies to achieve those goals.
Various stakeholders including top management, department heads, and key decision-makers are typically required to participate in strategic planning.
Strategic planning involves conducting a SWOT analysis, setting objectives, developing strategies, and creating an action plan.
The purpose of strategic planning is to provide direction, focus efforts, align resources, and ensure that all stakeholders are working towards common goals.
Information such as current market trends, competitor analysis, financial projections, and organizational strengths and weaknesses must be reported on in a strategic planning.
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