Page 52 - Leaders in Legal Business - PDF - Final

of short-term concerns and maintain the focus on matching the organization’s long-term
capabilities to the relevant sustainable market opportunities. The secret to effective strategic
planning is not all that elusive. It requires a rigorous process, data to guide decisions, wide
stakeholder participation to help pave the way for implementation, and thorough communication
to ensure transparency. A seasoned consultant can help legal organization leaders adopt this
approach and can contribute to the analysis and recommendations. Done well, the impact of a
strategic plan will be meaningful and material. Done poorly, however, strategic planning can be
a costly distraction.

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