Strategic+Planning

Used to solve business problems, in order to move forward. Things change constantly. We need to focus on what we produce. We need to think about strategic planning in order to deal with competition.

Ten Step Strategic Planning Process:
1. Initiate and agree upon a strategic planning process and identify stakeholders (Who are the Process Champions (VPs and Managers) and Sponsors (Board or CEO)) 2. Identify Organizational Mandates (formal vs. informal mandates, politics) 3. Clarify organizational mission and values (guiding principles) 4. Assess internal and external environments (environmental scanning), do SWOT Analysis 5. Identify strategic issues facing the organization (funnel swoc findings into a series of possible directions for review.) 6. Formulate strategies/plans to manage the issues. 7. Review and adopt the strategies or strategic plan 8. Establish an effective organizational vision 9. Develop an effective implementation process. 10. Reassess the strategies and monitor the strategic planning process. (Management by Objectives (MBO) -- what needs to be done, by whom, by when, how? Set up a system of evaluation. Determine a technique and frequency of feedback and progress. )