6 Phases of Strategic Plan Execution

A six-phase process can help leaders implement strategies, according to an AchieveIt whitepaper.

The whitepaper, "Designing a Results-Driven Execution Management System," describes the six-step "Execution Flywheel" methodology to execute a strategic plan. Here are the six phases:

1. Focus. Understand the risks that should be considered in the strategic planning process.

2. Plan. Develop a plan to move toward the organization's vision.

3. Align. Cascade objectives to managers throughout the organization, and develop and launch an internal communications program.

4. Forecast. Use the estimated costs of strategic plan execution as budget assumptions.

5. Monitor. Execute the strategic plan, monitor objectives, and adapt strategies as needed.

6. Report. Review strategic plan execution successes and failures, and discuss solutions.

More Articles on Strategic Planning:

Miles Memorial, St. Andrews Hospitals to Change Names Upon Merger
Emory Healthcare Launches New Brand
6 Tips on Rebranding a Community Hospital Under a Health System

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.