Strategic Planning: Eight Steps to Implementation (PowerPoint PPTX)

In a constantly evolving world, organizations need strategic planning to adapt and stay ahead of the competition. However, despite being a basic business practice, many organizations struggle to make it work, resulting in disappointing outcomes. Our research and experience show that most strategic planning processes are poorly executed and rarely impact day-to-day decisions. To be successful, a strategic planning process should provide a framework against which all decisions can be evaluated.

What sets this model apart is that it includes a pre-planning step for assessing the organization's readiness and making the necessary preparations for a successful planning process. Additionally, the model incorporates steps for values scanning and shaping the organizational culture, which can greatly impact both the process of planning and the resultant strategic plan. The framework also facilitates the envisioning of the future state and creating the strategic business model before conducting the performance assessment, enabling the planning team to be creative and innovative before becoming analytical and critical. Lastly, the framework includes both traditional and newer frameworks/tools focusing on value creation.

The Eight Steps of Strategic Planning are presented in a sequential manner to guide organizational leaders and key stakeholders in planning and creating the organization's future.

The Eight Steps of Strategic Planning include:

•  Step 1: Plan the Planning Process
•  Step 2: Define Shared Values and Mission
•  Step 3: Analyze the Current Organizational Profile
•  Step 4: Create an Inspiring Vision
•  Step 5: Compare Current to Envisioned Organization
•  Step 6: Develop Strategies, Objectives and Plans
•  Step 7: Execute Action Plans
•  Step 8: Monitor Results and Make Improvements

Using this model for strategic planning will provide new direction and energy to the organization. The steps and sub-steps can be adapted to suit the specific needs and desires of the organization.

This comprehensive Strategic Planning PPT training presentation is most suited for the organization's internal planning team, strategy deployment professionals, and independent consultants. It can be used during annual planning cycles or when important real-time strategy decisions need to be made.

LEARNING OBJECTIVES

1. Acquire knowledge on the key concepts and principles of strategic planning.
2. Describe the eight-step strategic planning process and the key strategy frameworks and tools.
3. Define the key factors for successful strategic planning.

CONTENTS

1. Key Concepts and Principles of Strategic Planning
2. Strategic Planning Process: The Eight-step Strategic Planning Model
3. Key Strategy Frameworks and Tools
4. Strategic Planning Best Practices

Included are the key strategy frameworks and tools such as: Power/Interest Grid for Stakeholder Analysis; VRIO Framework; Porter's Value Chain; PESTLE Analysis; BCG Growth/Share Matrix; McKinsey-GE Matrix; Porter's Five Forces Analysis; Competitive Profile Matrix; SWOT Analysis; Porter's Generic Strategies; BCG Strategy Palette; Ansoff's Matrix; Blue Ocean Strategy; Impact-Probability Matrix; Strategyzer's Value Proposition Canvas; Strategyzer's Business Model Canvas; McKinsey 7-S Model; and Balanced Scorecard.