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Strategic planning for board management isn’t for the faint of heart. It requires a lot of contemplation and questions, as well as the courage to challenge what’s already in place. It can be especially difficult when a board is used to allow management to take the lead and approving their decisions.

One of the first steps in effective strategy planning is deciding the approach your board will take to the process. Some boards might prefer to lean heavily in and serve as supervisors of management, while others could work towards a co-creative role in which they work with the CEO in strategic decisions.

In any case it is essential to ensure that your board is aware of its responsibilities clearly and precisely. This will ensure that the board is actively involved and its input is appreciated.

Another important thing to do is establish the proper strategic plan metrics to track the progress of your company. This will help you to verify if your strategic plans are effective and give you assurance that you’re on the right track to achieve success.

As part of your strategic plan, it’s also important to assess the risks associated with your business’s goals and ask yourself if they are worth taking. This can be challenging, especially if it’s contrary to common sense or even an individual preference. However, the more you can raise difficult issues in a constructive and respectful manner the more likely you are to succeed.

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