LES Strategic Plan 2025 - Report - Page 13
STRATEGIC PLANNING STRUCTURE
COMMON TERMINOLOGY USED THROUGH THE STRATEGIC PLANNING PROCESS
STRATEGIC OBJECTIVES
WHERE LES IS GOING
Strategic objectives provide the structure for the Strategic Plan and bridge from the vision to goals & initiatives execution.
STRATEGIC GOALS
WHAT LES MUST ACHIEVE TO GET THERE
Strategic goals are statements in the Strategic Plan that translate each strategic objective into specific, measureable outcomes.
They sit between the strategic objectives & the actionable Initiatives.
STRATEGIC INITIATIVES
HOW LES WILL GET THERE
Strategic initiatives are the major umbrella themes that LES will pursue to turn its long-term objectives into action.
They translate the Strategic Plan into a focused, cross-organizational execution.
PROJECTS
SPECIFIC WORK THAT WILL GET DONE WITHIN EACH INITIATIVE
Projects are the specific, time-bound efforts and investments that bring strategic snitatives to life
e.g. construction projects, technology projects, process improvements and customer programs.
13
