How often should a company update a strategic plan?

Director of Consulting Hank Harris explains in this latest edition of Consulting Conversations.

I would say, normally, the answer to that is quarterly. You could make the argument that you don't want the strategic plan to exist in a parallel universe to running your business, so you want to try to create a lot of interface between the normal running of the business and your strategy; but, you probably want to take a relatively formal look at progress on a quarterly basis.

We'd love to hear from any private business hunt owner in North Carolina that thinks we could be of some help to them in understanding how their business gets better or where it might go in the future.