Financial objectives involve measures such as sales targets and earnings growth. Environmental Scan The environmental scan includes the following components:
Affinity diagrams Interrelationship digraph To see how the tools integrate into a strategic planning model, click here. And to learn about the finished product and view a template of a completed strategic plan, click here.
Visioning What is it?
Visioning is just as it sounds, the process used to brainstorm then develop a desired long term vision for the organization. Why is it important? The vision is one of the key foundation pieces that guide your plan. Which strategic projects you choose is based on the vision you want to achieve.
The visioning process is critical in helping leadership design a statement that is a Strategic planning process case analysis stretch for the organization. The end result of the process should be a statement that makes the leadership team gulp or sweat a little, but also inspires them to move forward with enthusiasm, not shrink back in trepidation.
How do you do it? Begin by asking the leadership team to envision the future years down the road choose a timeframe that is realistic for your industry.
What are staff members doing? What do the offices look like? Who are your customers? What do they say about you? What has been accomplished that you are particularly proud of? When the group has a clear vision of what that ideal future looks like, have each member write down a list of their essential pieces.
While one person records the responses on a flipchart, white board or projector, have each team member share one piece of their picture, continuing round robin through the group until all the pieces are recorded.
Now for the tricky part Look at the picture you created and develop a statement that encapsulates those achievements. However, to have a truly effective strategic plan, you need to know if your projects are, in fact, effective.
Metrics and Charts for purposes of strategic planning are the measures selected to assess if a project is creating the impact intended when it was designed. There is limited time and energy for leadership to focus on strategic work in the course of completing day-to-day responsibilities. It is how you know whether to move forward, shift gears a bit or stop a project altogether.
For example, if a project is selected to grow market share, track and chart market share related to the project to determine if it is going up. If there is no change, look to the project for modification in order to create the desired result. Similarly, if a project is designed to reduce errors, thereby decreasing customer complaints, then measure customer complaints.
If errors are being eliminated, but complaints are not decreasing, then you have the wrong strategy. More digging and a reformatting of the project will be required to begin to reduce customer complaints. To learn more about designing and charting metrics, visit our Instrument Panel pagewhich contains information about designing metrics as well as several links at the bottom of the page to additional materials.
You can also contact usand we can step you through designing your first metric. A SWOT analysis is a strategic planning tool in which participants brainstorm, list and evaluate the strengths, weaknesses, opportunities and threats of and to their organization.
In strategic planning, an effective SWOT analysis provides valuable information that can be developed into key potential strategic initiatives to grow the company or into internal projects to resolve challenges holding the organization back from its full potential.
In the strengths and weaknesses portion of the analysis, focus turns inward. Then have them brainstorm and discuss the weaknesses that are preventing the organization from moving forward at full speed. The team can turn a weakness into an internal project on the strategic plan see The Importance of an Internal Assessment for more on this.
For the opportunity and threat portion of SWOT, leadership shifts the focus outside the organization to what it must contend with to survive and flourish in the competitive environment.
Opportunities and threats come in many forms: Once brainstormed, prioritize then map out the most promising opportunity s or most deadly threat s as projects on your strategic plan.
An affinity diagram What is it? Affinity means an inherent similarity or relationship.
It is an excellent strategic planning tool for organizing, grouping and combining a large number of potential initiatives or projects down to a manageable number.
During the SWOT analysis, a large number of potential projects surface — both internal and strategic. The affinity process allows the teams to effectively group and combine those projects by their common characteristics.When to use Strategic Analysis. Strategic planning is the process of developing a shared vision of your organization’s future and deciding upon the major steps you .
Step 4 involves incorporating the SWOT analysis into the decision-making process goals, ideals, and concerns of individual stakeholders. A case can be made that individuals who promote change are driving forces, whereas those who resist change are Strategic Planning and SWOT Analysis.
In this definitive and revealing history, Henry Mintzberg, the iconoclastic former president of the Strategic Management Society, unmasks the press that has mesmerized so many organizations since strategic planning.
For more information on strategic planning, fill in your name and email address below. We will send you updates as new tools and articles are put on the PGS site. Scenario planning, also called scenario thinking or scenario analysis, is a strategic planning method that some organizations use to make flexible long-term rutadeltambor.com is in large part an adaptation and generalization of classic methods used by military intelligence..
The original method was that a group of analysts would generate simulation games for policy makers. 8/17/ Process of Gathering Data in Strategic Planning a story of perception reality which in important in creating a strategic plan.