Community Insider Spring 2020 | Page 36

APPLES TO APPLES OR APPLES TO ORANGES? DEVELOPING THE RIGHT SCOPE OF WORK By: Brian Blackwell T he term ‘’strategic plan” is a staple of most of today’s business entities. Although the term and concept is not new, it is often shrouded in mystery when it comes to applying that concept to homeowner associations. The mystique largely stems from a number of HOA board members who don’t understand what a strategic plan is or what it is meant to accomplish. According to businessjargons.com, a classical strategic plan is defined as a “systematic long-range planning activity, that an organization uses to set priorities, strengthen operations, ascertain objectives and focus on the resources required and are to be allocated in order to pursue the strategy and attain the objectives.” In other words, a strategic plan focuses on the vision, as well as the mission, of the community. It also sets broad goals, both short- term and long-term, for identifiable community-related changes and improvements. Most importantly, a strategic plan provides a road-map and a time-frame to fund those goals. While it’s important to understand what a strategic plan is, it is also important to understand why one is necessary. This is especially true for aging communities, communities desiring to make improvements or add amenities, and communities wanting to ensure a certain quality of life that meets homeowner expectations. With the development of a 36 | SAN DIEGO COMMUNITY INSIDER SPRING 2020 strategic plan, a board will be able to make more informed decisions about future expenditures for new projects or asset additions. Once board members decide that a strategic plan is needed for the community, key individuals such as the community manager, accounting team members, board members, and legal counsel should be brought together to create the plan. Input from residents is also valuable for consideration. Producing a clear, doable, and legal path to accomplishing the goals and objectives of the strategic plan requires multiple voices. Keep in mind that a strategic plan is not cast in stone. The plan can follow any structure. A short and simple plan may be between two and four pages, written with easily defined sections, or include bullet points to illustrate