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When to Update Your Existing Strategic Plan

We recently received the following question from an attendee during our ACHE Cluster session, Strategic Planning from Formulation to Action, in Phoenix:

How often should we go through a full strategic planning process vs. just update our existing strategic plan?

The need or desire to complete or update a strategic plan will vary greatly by organization. Generally, a full planning process should be completed every 3-5 years, and an update should be completed annually. However, a variety of factors may impact this timeline, and an astute leader should consistently monitor the organization and market environment to determine the need for a strategic plan change or update.

Examples of internal/external factors and the potential impact to strategic plan timeline:


How often does your organization undertake a full strategic planning process?