Strategic planning is based on the ability to think strategically -- it's a particular way of thinking about your business that sometimes requires a "mental shift" from the way you previously thought about your business. If you're moving to a smart grid, this becomes an imperative!
Your strategic goals are statements of what you wish to achieve over the next five or ten years. They clearly reflect your vision and mission for the business. It takes an in-depth analysis that takes into account your environment, strengths, weaknesses, opportunities and threats.
In some ways, drafting five or six major strategic or business goals may seem relatively simple. The actual writing may be but connecting the goals to the rest of the strategic planning process requires a high degree of analytic and logical skill.
involving faculty, staff, and students (or employees) in plan development
holding meetings to get input before planning
holding meetings to get input on draft strategic plans
collective review of data to identify measures of success
setting short-term goals in “bite-size” pieces in addition to longer-term goals
monitoring progress through periodic checks
Notice the emphasis on involvement of staff, not just at the beginning, but throughout the entire strategic planning and implementation process. Also note the flow implied, particularly by items 5 and 6, which are normally part of the extension of strategic planning into tactical or operational planning.
Business agility refers to a company's ability to react quickly to changes in the external environment, or marketplace so they can avoid being damaged by potential elements that can be threats to their business model, and, respond quickly as there are new opportunities as a result of shifts and changes in things like demographics, customer behavior, etc.
Because the pace of change in the business world is so much faster than it used to be, one of the characteristics of company's that become and stay successful is that they can react quickly. For example, the first company to identify a new consumer want or need, AND produce a product that fills that need is likely going to accrue huge revenues, and a long term competitive advantage compared to those entering the market at a later point.
Simply put business agility means being able to predict, adapt to, and be proactive with respect to change.
Digital Data Hub, Inc. 2009 Virginia Digital Software, Inc. 2009