4 Magic Hacks to Increase Executive Strategic Planning Impact

Introduction

In the fast-paced world of business, where change is constant, and competition is fierce, strategic planning is often hailed as the compass that guides organizations toward success. However, a widespread issue persists: senior managers, who carry the responsibility of steering the ship, often find themselves entangled in day-to-day operations, leaving strategic planning on the backburner. This article aims to unravel the complexities surrounding why senior managers often fall short in dedicating sufficient time to strategic planning, and to provide recommendations to help correct this deficiency.

We surveyed 115 people on LinkedIn to find out how much time they thought senior managers should be spending on strategic planning and 69 senior managers who revealed the amount of time they are actually spending. The results were surprising.

As you can see, 69% of employees believe that senior managers should be spending more than 20% of their time on strategic planning. Yet only 56% of the senior managers actually do spend that much time. Even more alarming, 19% of the senior managers surveyed spend 10% or…