Strategic planning | My Assignment Tutor

Agenda item 2.5: Strategic planningAs some of you may have noticed, our strategic plan is a little out-of-date,and we need to review and update it.Key aspects of the last strategic plan included: Increasing the number of facilities under our control.Updating existing and acquired facilities to ensure they continue tomeet minimum government guidelines.Passing all accreditation inspections.Continuing to promote the faith to residents and visitors.Developing a succession plan for all executive positions.With the exception of the last item, all objectives have been achieved. Thelast item was not considered critical, as staff turnover, particularly amongstthe executive, has traditionally been low. We pay above market rates toensure that staff remain committed to the company.Leading into next year’s budgeting process, in line with good practice, Isuggest we develop a new strategic plan, especially given current marketexpansion opportunities, and various other industry changes happening at themoment. This will ensure we are in a good place strategically,I am aware that all the directors and the executive team are time poor. Itherefore suggest we create a sub-committee to develop a new strategic plan,for review and approval by the board.RecommendationWe form a Strategic Planning sub-committee, comprising:Graeme Butler, Chair• Joy Morgan• Joe Newall• Mike MooreFurther, this committee report back to the board at our March 2021 meeting,with a draft strategic plan for approval.James ButlerChair


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