Initiating a strategic development plan is necessary for universities to be managed scientifically; a university's strategic development plan includes both the educational philosophy and development orientation as determined by the university, including the future reallocation of resources and measures for their integration. The development experience of Australian and New Zealand universities tells us that a scientific and rational university plan can promote the rapid development of the university; on the contrary, with an unscientific and irrational development plan, a plan that cannot be put into practice, or a plan that results in waste of resources, opportunities for development are missed. This article analyzes how Australian and New Zealand universities formulate their strategic development plans and presents the formulation and implementation of a strategic development plan by Wuhan University of Technology.