From the list, choose the high-priority items that are to be implemented. This becomes your strategic plan. Learn from your successes and your failures. Celebrate your successes and the accomplishments of the group. Celebrating reenergizes the executive team for the next round of planning.
Strategic planning takes time.
Whether it's at a golf resort or a hotel conference room with the cell phones turned off, strategic planning must occur away from office interruptions. You and your team need physical and mental space to think about the things that matter most. You need the opportunity to share your personal vision and a bit of yourself. If that doesn't take place, strategic planning isn't productive. It is just a boondoggle.