Regular status updates and reports play a crucial role in successful strategic planning. They provide a clear picture of the current state of the organization, allowing for timely adjustments and realignments. They help in tracking progress towards strategic goals and identifying any deviations or issues early on. This enables the organization to take corrective actions promptly, ensuring that the strategic goals remain aligned with the current state of the organization. Regular updates also facilitate communication and transparency within the team, fostering a sense of ownership and accountability.
Without a roadmap, a venture has little chance of a successful transition from point A to point B. W...
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