This document outlines a business strategic planning course. It discusses the importance of strategic planning, provides a template with 12 key sections for a strategic plan, such as executive summary, company mission, goals, and financial projections. It also discusses applying strategic planning by identifying an organization's vision and objectives, performing internal and external audits, establishing short-term and long-term goals, implementing strategies, and measuring performance. Developing a complete strategic plan annually and updating it monthly is recommended to guide a business and ensure it is on the right track to achieving its goals in an efficient manner.
1. Business Strategic Planning
BA700 – Professor: Dr. Sharon Juance
Zoom schedule: June 13, 2020 3:30pm
Group 10 members: Hannah Marie T. Danoy
Wilson Delgado
Sheena Mae P. Durban
Trecia Mae R. Liguaton
2. A business strategic plan is a written
document that points the way forward
for your business. It both lays out your
company’s goals and explains why
they’re important.
4. -consists of analysing the business and
setting realistic goals and objectives
-leads to the creation of a formal document
that lays out the company’s views and goals
for the future
5. -helps you uncover ways to improve
performance
-spark insights about how to restructure your
organization so that it can reach its full
potential
6. A well-designed strategic plan will
dictate how you respond to
opportunities and challenges of every
color, shape and size.
7. -provides important opportunities for
employees and managers to collaborate
-provides a sense of direction and outlines
measurable goals
8. -gives you a place to record your mission,
vision, and values, as well as your long-term
goals and the action plans you’ll use to
reach them
-tells you and your employees how best to
respond to opportunities and challenges
12. -Clarify the goals that the company
wants to accomplish
-Select the comprehensive strategies
that will enable the company to
achieve those goals
-Identify ways to evaluate progress
Three important tasks of strategic planning:
13. 12 key sections in your strategic
plan
- Executive Summary
- Company Mission Statement
- SWOT-Analysis
- Goals
- Key Performance Indicators
- Financial Projections
14. 12 key sections in your strategic
plan
- Target Customers
- Industry Analysis
- Competitive Analysis and
Advantages
- Marketing Plan
- Team
- Operations Plan