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Successful business planning is about developing your strategic plan for your business based upon proven business development tools. The Strategic Planning Workshop pulls these together into a single ...

Successful business planning is about developing your strategic plan for your business based upon proven business development tools. The Strategic Planning Workshop pulls these together into a single process, which takes the guesswork out of your business success.

Taking the guess work out of your business success is a step-by-step process which develops business owners skills to strategically plan their business to take advantage of emerging markets, emerging trends, develop and launch new products.

Strategic planning also enables companies to make structurally improvements to their business to improve its profitability, reduce costs and enhance productivity.

Strategic planning workshop is a proven method of developing and implementing success see www.cowdenconsulting.co.uk

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Strategic Planning Workshop Presentation Transcript

  • 1. S STRATEGIC PLANNING WORKSHOP Richard Gourlay Cowden Consulting www.cowdenconsulting.co.uk
  • 2. Strategy Defined "Strategy is the direction and scope of an organization which achieves advantage for the organization through its configuration of resources within a challenging environment, to meet the needs of markets and to fulfill stakeholder expectations". Johnson and Scholes
  • 3. Strategy Defined  Defines where the business trying to get to in the long-term: direction  Which markets should a business compete in: scope  How can the business perform better than the competition in those markets: advantage  What resources are required to be able to compete: resources  What external, environmental factors affect the businesses' ability to compete: environment  What are the values and expectations of those who have power in and around the business: stakeholders
  • 4. What is Strategic Planning S Is the process of establishing the future direction of your organisation. S It forces directors and business owners to make choices about the future of their business. S It is the most valuable role any director undertakes, learn how see my video which takes through each step www.cowdenconsulting.co.uk S Creates a focus for the business efforts S Delivers a clear direction for all business activity
  • 5. Strategic Planning Importance S Is a vital process in developing the future for a business. S It reduces the risk in driving a business forward. S Strategy is the clear competitive advantage which any company can create.
  • 6. Strategic Planning S Enables directors to:-  Establish priorities  Create your game plan  Set direction with certainty and knowledge  Allocate resources appropriately  Drive positive change
  • 7. Strategic Planning Delivers S The best time to plant a tree was 30 years ago, the second best time is today!  A proactive mind-set about the future  Improved business performance  Solve structural problems  The ability to take advantage of emerging markets If you fail to plan, then you plan to fail
  • 8. Strategic Planning Is S Asking and answering the following questions:-  Where are we now?  Where is our market going?  Where do we need to be?  How will we close that gap?  How do we know we are getting there?
  • 9. A Good Strategic Plan S Creates:-  Vision  Direction  Focus  Improved performance  Motivation
  • 10. Strategic Plan Pre-requisites  Leadership commitment and drive  Stepping out to work ON the business not IN the business  Buy-in to the strategic process  Belief in change  Ownership of the outcome
  • 11. Building Strategy  In strategic planning always begin with the end in mind  Use established and trusted strategic planning tools to build evidence.  Use strategic planning processes to develop your strategic plan.  See my video and learn how to use these tools and processes successfully: www.cowdenconsulting.co.uk
  • 12. The Strategic Planning Process Assessment Baseline Components Processes Monitoring Where have we come from? Where are we today? Where do we want to go? How will we get there? How are we doing? Environmental scanning Situation, the past ,present, future Mission, Vision and Values Performance Measurement Performance monitoring Background data Significant issues Opportunities for change Targets and standards Progress reviews Situational analysis Capabilities and alignment Goals and Objectives Initiatives and projects Corrective action PESTLE, 5 FORCES GAP analysis SWOT TOWS, STRATEGY ACTION PLANNING BALANCED SCORECARD
  • 13. Strategy Development Process Internal assessment External assessment TOWSSWOT Strategy
  • 14. Vision S All leaders must create a vision for their business.  Clear a defined statement  Visionary about the future  Aspirational to motivate and  Strategically aligned to your TOWS analysis
  • 15. Your Mission S Leaders must motivate their internal stakeholders through a mission statement, it must:-  It must answer the question WHY your business exists Describe what your business does.  How your business does it.  Define and articulate your core competencies.
  • 16. Set Goals  Goals are the vital outcomes which strategic planning delivers.  Goals define your business strategy, bringing it to life.  They are tangible outcomes which define success.  Goals enable people to see your strategy.  They provide the focus of all activity.
  • 17. Setting Objectives S To achieve strategic goals every business plan needs clear objectives.  Objectives are points which show the journey towards goals and define the strategy you are following.  Measurable and achievable points in your journey towards a goal  Specific objectives which lead to goals.
  • 18. Action planning  The specific steps in delivering your business.  Action planning is the building blocks of all activity.  The activity in each step builds towards and objective which builds.  Action plans are the vital steps in creating and sustaining progress
  • 19. Strategic Planning Workshop  Strategic planning is vital in creating successful business.  It is the single most valuable role and director can undertake.  Developing your defined strategy is what makes a great leader.  Learn how to grow and develop your business successfully, see my video at: www.cowdenconsulting.co.uk  Working ON your business not IN your business is the most valuable role any director can undertake.  See my website: www.cowdenmconsulting.com  See Blog: http://cowdenconsulting.blogspot.co.uk/