Strategy development process in higher education institutions

Abstract

Higher education institutions need well-considered strategy with clear action plan that sets development path for the university. Though it is important not only to create a strategy but also to pay attention to the development process of this important document. The aim of the paper is to describe strategy development process, show most important components of the strategy as well as to explain strategy implementation and control process. Paper analyzes the case of Riga Technical University’s strategy development and indicates the importance of involvement of university’s personnel in strategy development process to assure its sound implementation.