Business Strategy Plans

Business Strategy Plans-6
Clearly define the purpose of the organization and to establish realistic goals and objectives consistent with that mission in a defined time frame within the organization’s capacity for implementation. Communicate those goals and objectives to the organization’s constituents. On the other hand, if the organization has been around for many years and is in a fairly stable marketplace, then planning might be carried out once a year and only certain parts of the planning process, for example, action planning (objectives, responsibilities, time lines, budgets, etc) are updated each year. Strategic planning should be done when an organization is just getting started.

These funds are included in budget planning for the coming fiscal year.

However, not all phases of strategic planning need be fully completed each year. Note that, during implementation of the plan, the progress of the implementation should be reviewed at least on a quarterly basis by the board.

Strategic planning should also be done in preparation for a new major venture, for example, developing a new department, division, major new product or line of products, etc. Strategic planning should also be conducted at least once a year in order to be ready for the coming fiscal year (the financial management of an organization is usually based on a year-to-year, or fiscal year, basis).

In this case, strategic planning should be conducted in time to identify the organizational goals to be achieved at least over the coming fiscal year, resources needed to achieve those goals, and funded needed to obtain the resources.

For example, there are a variety of strategic planning models, including goals-based, issues-based, organic, scenario (some would assert that scenario planning is more of a technique than model), etc.

1) Goals-based planning is probably the most common and starts with focus on the organization's mission (and vision and/or values), goals to work toward the mission, strategies to achieve the goals, and action planning (who will do what and by when).Various Overviews of Strategic Planning Process Samples of Plans Boards and Strategic Planning Preparation for Strategic Planning Guidelines to Keep Perspective During Planning Useful Skills to Have When Planning Need Consultant or Facilitator to Help You With Planning? - - - Other Guidelines to Identify Strategic Goals and Methods/Strategies to Achieve Goals - - - - - - Consider Your Business Model (For-Profit and Nonprofit) - - - - - - Evaluate Your Strategies Developing/Updating Mission Statement (the purpose of the organization) Developing/Updating Vision Statement (depiction of future state of organization and customers) Developing/Updating Values Statement (overall priorities in how organization operates) Action Planning (Planning to Achieve Each Goal) Strategic Action Plans & Alignment Integrate and Reality Check Action Plans Integrate Plans Throughout Organization How to Ensure Your Strategic Plan Document is Complete Writing and Communicating the Plan Implementing, Monitoring, Evaluating and Deviating from the Plan -- and Managing Change How Do We Ensure Implementation of Our New Plan?Monitoring Implementation, Evaluating Implementation -- and Deviating from Plan, If Necessary Changing the Plan as Necessary During Implementation Guidelines to Manage Organizational Change While Implementing the Plan How to Evaluate Organizations Organizational Performance Management Organizational Structures and Design Organizational Change Organizational Evaluations Organizational Performance Management General Resources The most important skill in strategic planning is strategic thinking.Items below are marked as "nonprofit" in case the reader still prefers to focus on information presented in the context of nonprofit planning. Ensure the most effective use is made of the organization’s resources by focusing the resources on the key priorities. Provide a base from which progress can be measured and establish a mechanism for informed change when needed. Listen to everyone’s opinions in order to build consensus about where the organization is going. Provides clearer focus for the organization, thereby producing more efficiency and effectiveness. Bridges staff/employees and the board of directors (in the case of corporations). Builds strong teams in the board and in the staff/employees (in the case of corporations). Provides the glue that keeps the board members together (in the case of corporations). Produces great satisfaction and meaning among planners, especially around a common vision. Increases productivity from increased efficiency and effectiveness. For example, planning should be carried out frequently in an organization whose products and services are in an industry that is changing rapidly .(An upcoming section includes numerous overviews of the overall strategic planning process Various Overviews ) Strategic planning serves a variety of purposes in organizations, including to: 1. In this situation, planning might be carried out once or even twice a year and done in a very comprehensive and detailed fashion (that is, with attention to mission, vision, values, environmental scan, issues, goals, strategies, objectives, responsibilities, time lines, budgets, etc).Major differences in how organizations carry out the various steps and associated activities in the strategic planning process are more of a matter of the size of the organization -- than its for-profit/nonprofit status.Small nonprofits and small for-profits tend to conduct somewhat similar planning activities that are different from those conducted in large organizations.Get step-by-step guidance and materials to draft a sample Strategic Plan that is relevant, realistic and flexible -- while you earn a Certificate in Facilitating Strategic Planning in a self-paced, highly practical and online program.Individual feedback is shared about your sample Plan. Organizational Performance Management Overview of Strategic Planning Customizing Strategic Planning Setting Strategic Direction Making Assignments and Managing Strategic Plan Test - How Good Are Your Strategic Thinking Skills Now? Some Basic Descriptions of Strategic Planning -- and a Comparison to Business Planning Some Different Models of Strategic Planning For-Profit Versus Nonprofit Strategic Planning Benefits of Strategic Planning When Should Strategic Planning Be Done? Always First Do "Plan for a Plan" Strategic Analyses Taking Wide Look Around the Outside of Organization (Opportunities and Threats) Looking Around Inside the Organization (Strengths and Weaknesses) r How to Evaluate Organizations Setting Strategic Direction (Clarifying Mission and Goals) Strategizing (identifying goals and methods to achieve them) - - - Understanding Strategy and Strategic Thinking - - - Do a SWOT Analysis of Results of Looking Outside and Inside the Organization?The Organic Model of Strategic Planning Scenario Planning: A Prudent Activity for Any Organization Strategic Intuition The Drivers Model: The Secret to Facilitating Strategy Anatomy of the Drivers Model NOTE: Much of the following information is in regard to goals-based strategic planning, probably the most common form of strategic planning.However, issues-based planning is also a very popular approach to strategic planning -- an approach still too-often forgotten.


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