Framework for Establishing Strategic Opportunity-Based Targets PPT
This PPT slide, part of the 43-slide World Class Planning & Performance Management PowerPoint presentation, outlines critical components for establishing opportunity-based targets, which are essential for strategic planning. At the center, "Opportunity-based targets" signifies the focus of the analysis. Surrounding this core concept are 4 key areas that inform the target-setting process.
First, "Financial market expectations" emphasizes the importance of understanding analysts' forecasts for the company, its competitors, and the broader industry. This includes assessing what growth and return expectations are reflected in the share price. This insight is vital for aligning internal goals with external market perceptions.
Next, the "Industry context" section highlights the need to evaluate expected growth rates across different segments and territories. Understanding competitor aspirations is also crucial, as it provides a benchmark for setting realistic yet ambitious targets.
The third area, "Great companies," prompts an examination of successful peers. It encourages leaders to consider what these companies have done to maintain above-average performance and the types of aspirations they set. This benchmarking can inspire innovative approaches to target setting.
Lastly, "Operating stretch" focuses on the alignment of aspirations with value drivers. It raises critical questions about the baseline performance and the existing performance gap. This analysis helps ensure that targets are not only ambitious, but also grounded in achievable metrics.
Overall, this slide serves as a comprehensive framework for executives looking to set informed, strategic targets that leverage both market insights and internal capabilities. The structured approach encourages a holistic view, ensuring that targets are aligned with broader business objectives.
This slide is part of the World Class Planning & Performance Management PowerPoint presentation.
EXPLORE MORE SLIDES FROM THIS PRESENTATION
EXPLORE MORE PRESENTATIONS ON
Flevy is the world's largest knowledge base of best practices.
Leverage the Experience of Experts.
Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.
Download Immediately and Use.
Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.
Save Time, Effort, and Money.
Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.
