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By Chris W. Brussalis Many senior executives could write a strategic plan that accurately addresses industry trends and customer needs in a day or two. Will it be successful? Most likely, the answer is “no.” The effectiveness of a strategic plan, or any other initiative, is essentially the product of two things: quality (or technical competencies) and acceptance. A well-written plan is only successful when it is created and embraced by key stakeholders who have the technical expertise and experience to build the plan and who will buy-in to the plan and its process. In this way, a strategic plan becomes an analytical tool, living document, and team-building process. A technically competent plan that has buy-in will increase the likelihood of successful implementation.
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