Every year, management teams sit down for “strategic planning”. They come out with a long list of projects, a hiring plan and a budget, and they call it a strategy. In most cases it is not. It is a plan. And the difference matters more than most leaders realise.

In this article I explain the difference between strategy and planning, show how to build a real strategy, and then walk through how that strategy becomes a long-term plan, an annual plan and, finally, a budget.

Read the full article on Dinian Education →

By Matthew Dinian, MAcc, CPA, CMA, CMC, PMP, Founder, D-Advisory. For educational purposes only; not legal, tax or financial advice.