Can we devote sufficient time and energy to make the business-planning process worthwhile?
Depending on the complexity of your organization and the amount of strategic thinking you have already done, it typically takes between three and six months to develop an effective business plan. Moreover, the process requires a great deal of hard work and patience from all involved.Setting aside this amount of time may seem untenable, but it is essential. • Who will we involve in the process, and what will be expected of them? Participation in the business-planning process varies from organization to organization, depending on its culture and the style of its management team. While business planning is certainly not an initiative that executive directors should take on alone, the more people you involve, the longer the process is likely to take. In our experience, a successful process draws on a variety of ideas and involves staff and board members in meaningful ways, but resists becoming so consensus-driven that no trade-offs can be made. In most cases, the planning team includes the
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- Can we devote sufficient time and energy to make the business-planning process worthwhile?
