Developing a vision and strategy involves understanding the market, the organization’s strengths and weaknesses, and potential opportunities. Leaders should:
Conduct a SWOT analysis to identify strengths, weaknesses, opportunities, and threats. Engage with stakeholders to gather insights and build a shared vision. Set SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) to provide clear direction. Regularly review and adjust the strategy to respond to changing circumstances.