The final step of the implementation approach will be to develop long-term strategic plans for each newly created entity.
These plans should establish strategic guidelines and develop each entity’s priorities and key activities over the long-term (with milestones established at shorter increments to facilitate implementation – e.g., a 100-day plan, followed by a 2-year plan, etc.).
Stakeholder consultation during the development of the strategic plans would contribute to identifying key areas of concern, and gauge which activities are considered achievable within the set timeframes, and given the existing regulatory and legal context.
Ideally, a measurable goal should be created for each priority and activity that is identified, which will allow for the entity to track its progress and performance during subsequent periodic reviews.
Periodic evaluation of each entity’s performance relative to its stated goals will be important for assessing the success of the market arrangements, and will highlight potential areas for recalibrating and improving the framework going forward.
