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Strategic Planning By Daisy T. Besing

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    Strategic Planning By Daisy T. Besing Strategic Planning By Daisy T. Besing Presentation Transcript

    • STRATEGICPLANNING (TITLE OF THE REPORT)
    • OBJECTIVES:* TO IDENTIFY WHAT IS STRATEGIC PLANNING.* TO SHOW THE OVERVIEW OF THE STRATEGICPLANNING PROCESS* TO DISCUSS THE KEY COMPONENTS OFSTRATEGIC PLANNING* TO FAMILIARIZE ALL THE ACRONYM THAT AREBEING USED IN MAKING STARTEGIC PLANNING.* TO ELABORATE ALL THE TOOLS OFSTRATEGIC PLANNING
    • STRATEGIC PLANNING- IS A PROCESS FOR LONG TERM PLANNING.- CONTINUOUS AND SYSTEMATIC PROCESS DURING WITHTHE PEOPLE AND ORGANIZATIONS MAKE DECISIONS ABOUTFUTURE OUTCOMES, HOW THEY ARE TO BE ACHIEVED, ANDHOW THEIR SUCCESS IS TO BE MEASURED AND EVALUATED.- IT IS A WAY OF PRODUCING DECISIONS AND ACTIONSTHAT SHAPE AND GUIDE A SYSTEM.
    • STRATEGIC PLANNING -STRATEGIC PLANNING IS THE PROCESS OF DEVISING A PLAN OFBOTH OFFENSIVE AND DEFENSIVE ACTIONS INTENDED TO MAINTAIN AND BUILD COMPETITIVE ADVANTAGE OVER THE COMPETITION THROUGH STRATEGIC AND ORGANIZATIONAL INNOVATION.AT A MINIMUM, FOR STRATEGIC PLANNING TO YIELD COMPETITIVE ADVANTAGE, IT MUST ADDRESS THREE KEY QUESTIONS: "WHAT DO WE DO?" "WHO ARE OUR CUSTOMERS?" "HOW DO WE DO WHAT WE DO BETTER THAN OUR COMPETITORS?"
    • OVERVIEW OF STRATEGIC PLANNIN PROCESSEXTERNALINTERNAL B S W O T Y3 Y2 A Y1 L-T -FIN -CUS -OPEX -PEOPLE
    • COMPONENT DESCRIPTION -outlines what the organization wants to1. VISION be, or how it wants the world in which it operates to be… - the fundamental purpose of an2. MISSION organization or an enterprise, succinctly describing why it exists and what it does to achieve its vision. Beliefs that are shared among the3.VALUES stakeholders of an organization -the art of the general; a combination of the ends4.STRATEGY (goals) for which the firm is striving and the means (policies) by which it is seeking to get there.
    • COMPONENT DESCRIPTION5. EXISTING - WHERE ARE YOU NOW?CONDITION - HOW IS THE STRATEGY6.MONITORING PERFORMING HAVING REGARD TO CHANGING CIRCUMSTANCES?
    • Strategic planning processSituation-Target-Proposal Draw-See-Think-Plan Situation - evaluate the  Draw - what is the ideal current situation and how image or the desired end it came about. state? Target - define goals  See - what is todays and/or objectives situation? What is the (sometimes called ideal gap from ideal and why? state)  Think - what specific Path / Proposal - map a actions must be taken to possible route to the close the gap between goals/objectives todays situation and the ideal state?  Plan - what resources are required to execute the activities?
    • H I E R A R C H YEX &AM LP I NL KE A GO EF S O F P L A N S
    • Tools and approaches SWOT analysis -S - strengths,MAIN TOOLS -W - weaknesses, -O - opportunities, -T - threats). - The main objective of this tool is to analyze internal strategic factors, strengths and weaknesses attributed to the organization, and external factors beyond control of the organization such as opportunities and threats.
    • Tools and approaches OTHER TOOLS:Balanced Scorecards - which creates a systematicframework for strategic planning;Scenario planning - which was originally used in themilitary and recently used by large corporations toanalyze future scenarios.PEST analysis - (Political, Economic, Social,and Technological)STEER analysis (Socio-Cultural, Technological, Economic, Ecological,and Regulatory factors)EPISTEL(Environment, Political, Informatic, Social, Technological, Economic and Legal).
    • STRATPLAN ACCRONYM:SWOT – STRENGTH; WEAKNESS; OPPORTUNITY; THREATSSMART – SPECIFIC; MEASURABLE; ARTIONABLE; REALISTIC; TIME-BOUNDPEST - POLITICAL, ECONOMIC, SOCIAL, AND TECHNOLOGICALSTEER -SOCIOCULTURAL, TECHNOLOGICAL, ECONOMIC, ECOLOGICAL,AND REGULATORY FACTORSEPISTELENVIRONMENT, POLITICAL, INFORMATIC, SOCIAL, TECHNOLOGICAL, ECONOMIC AND LEGALATM - ANTECEDENT CONDITIONS, TARGET STRATEGIES, MEASUREPROGRESS AND IMPACT
    • REFERENCES:•PLANNING STRATEGICALLY - HOUSING AND LAND USEREGULATORY BOARD 2001•http://www.csus.edu/irt/cio/strategicplanning/documents/ITSPStrategicPlanning.pdf
    • “IF YOU DON’T KNOW WHERE YOU ARE GOING,YOU’LL PROBABLY END UP SOME PLACE ELSE.” -Confucious- REPORTER: DAISY T. BESING MPA 1 – PA 244