Strategic Planning and Execution - Best Practice (PowerPoint PPTX)

Strategic Planning and Execution – Best Practice PPT

Contents :
1. Major Components of The Strategic Plan
2. SWOT Analysis
3. Five Tasks of Strategic Planning
4. Forming a Strategic Vision
5. Setting Objectives & Crafting Strategy
6. Strategic Objectives in Four Balanced Scorecard
7. Strategy Implementation and Execution
8. Strategy Evaluation and Monitoring
9. Strategy Hierarchy
10. Factors Shaping the Choice of Strategy
11. Strategic Analysis and Strategic Choices
12. Three Tests of Best Strategy
13. Porter's Five Forces
14. The Intensity of Rivalry
15. Barriers to Entry & Threats of Substitutes
16. Supplier & Buyer Power
17. Sample Form for an Industry and Competitive Analysis Summary
18. Five Generic Competitive Strategies
19. Generic Strategies and Industry Forces
20. Building a Capable Organization
21. Strategy-supportive Reward System & Corporate Culture
22. Strategic Leadership
23. Linking Budget to Strategy
24. Strategy-supportive Policy
25. Continuous Improvement
26. Information Support System

Strategic planning is a process in which an organization's leaders define their vision for the future and identify their organization's goals and objectives. The process includes establishing the sequence in which those goals should be realized so that the organization can reach its stated vision.

Strategic planning typically represents mid- to long-term goals with a life span of three to five years, though it can go longer. This is different than business planning, which typically focuses on short-term, tactical goals, such as how a budget is divided up. The time covered by a business plan can range from several months to several years.

The product of strategic planning is a strategic plan. It is often reflected in a plan document or other media. These plans can be easily shared, understood and followed by various people including employees, customers, business partners and investors.

Organizations conduct strategic planning periodically to consider the effect of changing business, industry, legal and regulatory conditions. A strategic plan may be updated and revised at that time to reflect any strategic changes.

Businesses need direction and organizational goals to work toward. Strategic planning offers that type of guidance. Essentially, a strategic plan is a roadmap to get to business goals. Without such guidance, there is no way to tell whether a business is on track to reach its goals.

The following four aspects of strategy development are worth attention:

1. The mission. Strategic planning starts with a mission that offers a company a sense of purpose and direction. The organization's mission statement describes who it is, what it does and where it wants to go. Missions are typically broad but actionable.

2. The goals. Strategic planning involves selecting goals. Most planning uses SMART goals – specific, measurable, achievable, realistic and time-bound – or other objectively measurable goals. Measurable goals are important because they enable business leaders to determine how well the business is performing against goals and the overall mission.

3. Alignment with short-term goals. Strategic planning relates directly to short-term, tactical business planning and can help business leaders with everyday decision-making that better aligns with business strategy. For the fictitious educational business, leaders might choose to make strategic investments in communication and collaboration technologies,

4. Evaluation and revision. Strategic planning helps business leaders periodically evaluate progress against the plan and make changes or adjustments in response to changing conditions. For example, a business may seek a global presence, but legal and regulatory restrictions could emerge that affect its ability to operate in certain geographic regions.

Regards,
UJ Consulting

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