Strategic planning for management of boards isn’t for the faint of heart. It takes a lot of contemplation and questions, as well as the courage to challenge the system that is in place. It can be particularly challenging when a board is used to let management take the lead and then approving their ideas.

The first step in strategy planning involves determining the approach your board will adopt. Some boards prefer to be involved and be supervisors, while others may opt for a collaborative role where they collaborate with the CEO on strategic decisions.

In either scenario, the important thing is to ensure that your board has an understanding that is clear and board management strategic planning precise of its responsibilities. This will help to ensure that the input of the board is valued and that the board members are involved throughout the process.

Another important thing to do is develop the right strategic plan metrics that will help you monitor your company’s progress. This will help you determine if your plans are effective, and give you confidence that you are on the right path to success.

As part of your strategic planning, it’s important to evaluate the risks associated with your business’s goals and ask yourself whether they’re worth the risk. This can be a challenge especially if you’re going against the conventional wisdom or a personal bias. The more you can discuss controversial topics in a positive and productive manner, the better your chances of success.