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Scott, great article for process definition in setting a new strategy, or reviewing / reevaluating if you may have strayed to far away from your existing or desired strategy. I am not normally a supporter of block flow diagrams, usually due to the fact that people seem to rely on the diagram to cover every alternative associated with the logic flow, however I do like how you have captured the essence of the startegic planning process, kept it simple and allowed enough variability for people to adapt it to their specific implementations.