Strategic planning is an organizational management tool used to:
Strategic planning produces decisions and actions that guide what an organization is, who it serves, what it does, and why it does it, with a focus on the future. Community Bank Solutions can help you with an effective strategic planning that will lay out where an organization is going and the actions needed for success.
Having a formal Strategic Plan communicates to the entire organization its goals, the actions needed to achieve those goals and other critical elements developed during the planning exercise. A SWOT Analysis reflecting your bank's strengths, weaknesses, opportunities and threats helps to focus on your bank's strengths, minimize threats and take advantage of opportunities available.
Additionally the Strategic Plan is following by strategic management and reporting ongoing activities and processes that align with your mission and vision. These management activities helps to monitor strategic performance and enables the plan to grow as requirements and circumstances change.
Examples of Strategic Planning Initiatives