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Strategic Planning Process 8. Monitor Results and Make Improvements 1. Plan the Planning Process § Conduct weekly or monthly self- review § Conduct quarterly or biannual review § Conduct annual review § Determine organization’s readiness § Obtain CEO commitment § Identify planning team members § Educate planning team § Involve other stakeholders § Set clear expectations Strategic Planning is defined as the process by which the guiding members of an organization envision its future and develop the necessary procedures and operations to achieve that future. 1 2. Define Shared Values and Mission Monitor results and make improvements Plan the planning process 7. Execute Action Plans 8 § Execute the action plans § Assign accountability § Acknowledge, recognize and celebrate § Conduct a values scan § Shape the organizational culture § Formulate the organization’s mission statement 2 Execute Action Plans Define shared values and mission THE EIGHT STEPS OF STRATEGIC PLANNING 7 6. Develop Strategies, Objectives and Plans 3. Analyze the Current Organizational Profile 3 Develop strategies, objectives and plans Analyze the current organizational profile § Formulate strategies and goals § Develop annual objectives and plans § Cascade goals throughout the organization § Develop and integrate action plans § Develop contingency plans § Analyze the macro environment § Analyze the industry environment § Analyze the competitive environment § Analyze the internal environment Compare current to envisioned organization 6 Create an inspiring vision 4 5 5. Compare Current to Envisioned Organization 4. Create an Inspiring Vision § Assess organizational performance § Analyze the gap § Envision the organization’s future state § Innovate strategic business model “The essence of strategy is deciding what not to do.” Michael E. Porter © Operational Excellence Consulting. All rights reserved.
Strategic Planning Process 8. Monitor Results and Make Improvements 1. Plan the Planning Process § Conduct weekly or monthly self- review § Conduct quarterly or biannual review § Conduct annual review § Determine organization’s readiness § Obtain CEO commitment § Identify planning team members § Educate planning team § Involve other stakeholders § Set clear expectations Strategic Planning is defined as the process by which the guiding members of an organization envision its future and develop the necessary procedures and operations to achieve that future. 1 2. Define Shared Values and Mission Monitor results and make improvements Plan the planning process 7. Execute Action Plans 8 § Execute the action plans § Assign accountability § Acknowledge, recognize and celebrate § Conduct a values scan § Shape the organizational culture § Formulate the organization’s mission statement 2 Execute Action Plans Define shared values and mission THE EIGHT STEPS OF STRATEGIC PLANNING 7 6. Develop Strategies, Objectives and Plans 3. Analyze the Current Organizational Profile 3 Develop strategies, objectives and plans Analyze the current organizational profile § Formulate strategies and goals § Develop annual objectives and plans § Cascade goals throughout the organization § Develop and integrate action plans § Develop contingency plans § Analyze the macro environment § Analyze the industry environment § Analyze the competitive environment § Analyze the internal environment Compare current to envisioned organization 6 Create an inspiring vision 4 5 5. Compare Current to Envisioned Organization 4. Create an Inspiring Vision § Assess organizational performance § Analyze the gap § Envision the organization’s future state § Innovate strategic business model “The essence of strategy is deciding what not to do.” Michael E. Porter © Operational Excellence Consulting. All rights reserved.
Operational Excellence Consulting is a management training and consulting firm that assists organizations in improving business performance and effectiveness. Based in Singapore, the firm’s mission is to create business value for organizations through innovative design and operational excellence management training and consulting solutions. For more information, please visit www.oeconsulting.com.sg 3 © Operational Excellence Consulting. All rights reserved.
