How frequently do you update your strategic plan?

Our reader poll today asks: How frequently do you update your strategic plan?

• We refresh more than once per year—13%
• We update it annually—43%
• We update every couple of years—19%
• We rarely refresh it—12%
• What’s a strategic plan?—13%

Regular strategy review. 56% of you are refreshing your strategic plan every year or even more frequently. The world moves rapidly. Priorities change quickly. Investing the time in regular reassessment is highly recommended. Shifting too slowly in response to market changes can put you at an extreme disadvantage you might not recover from. For those of you who don’t have a strategic plan or aren’t updating them regularly, you should be concerned. Even if you aren’t the owner of the strategic plan, you can still push for the organization to review it. Ask your leadership team if you can help lead the review. Offer to do some of the work. The organization you save might be your own!

Do you agree with these poll results? Let us know in the comments below!

– Mike Figliuolo at thoughtLEADERS, LLC

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These results were originally a SmartPulse poll in SmartBrief on Leadership which tracks feedback from more than 240,000 business leaders. Get smarter on leadership and sign up for the SmartBrief on Leadership e-newsletter.