Strategic Planning 5.0™ Playbook: https://www.group50.com/strategic-planning-5-0-playbook/

1. Brief introduction about Strategic
Planning 5.0™ playbook by Group50
Strategic planning strategic execution is considered as two important elements that assist the
stakeholders to understand the key responsibility of moving company to achieve its goals.
Group50’s inclusive Strategic Planning 5.0™ and strategic execution techniques work well in
developing the alignment in the whole business. It is built on “Where to Play” and “How to win
“approach and cloud based tools. The "Business Hierarchy of Needs®
" concept developed by
Group50 serves as the foundation for their strategic planning 5.0™ playbook.
What is Business Hierarchy of Needs®
?
The Business Hierarchy of Needs®
, developed by Group50, is a change management paradigm
for fostering a strategic execution culture. It contains a set of three tasks that create an effective
change management process include strategy development, organization optimization, and
implementing change. To some extent, every firm follows the Business Hierarchy of Needs®.
The activities included in it are discussed below:-
Level-1: Strategic planning preparation
Strategic review
In the first level, strategic planning framework is about focusing the current performance state
of the company’s strategy and its performance in the marketplace and operations.
Some of the tasks include in it
• Current strategy and supporting papers data request
• Key stakeholder interviews
• Current state SWOT analysis
• Analyze the performance of KPIs in relation to the present strategy
• Determine the current operating gaps
Define MIG (Most Important Goal)

2. The MIG is referred as the company's single most essential aim or objective. The MIG is the core
of the strategy and it is revolve around it to meet such as growth, enterprise value, cash flow,
transformation, and so on. Task of MIG include
• Collaborate with stakeholders to establish the "future state" and MIG.
Mission, Vision, Values
Task
• Examine the current Mission Statement, Vision, and Values to ensure that they are still
relevant in the future.
PEST analysis
Task
Analyze the PEST (Physical, Economic, Social, and Technological) Effects (PEST Analysis is a basic
and commonly used strategy for analyzing political, economic, sociocultural, and technological
developments in your business environment.
Governance
Task
• According to the PEST analysis, define the governance model for the company that will
be required for its future condition.
Value Proposition
Task:
• Explain the company's market value proposition and use it as a litmus test for the Five
Forces Analysis
Five Forces Analysis
Task:
• Use market data such as NPD and other industry statistics to do a Five Forces study on
the marketplace, products, services, and rivals (Porter's Five Forces Framework is a way
for analyzing a business's competition).

3. Where to Play
"Where to Play" gives strategy team’s direction on how the company will go to market over the
course of its strategic horizon in support of the defined MIG.
Task:
• Perform a "white space" analysis to find untapped markets and innovative products and
services.
• Develop "Where to Play" strategies based on the Five Forces analyses' opportunities for
markets, distribution channels, and rivals.
How to Win
Some of the Tasks included in it :-
• Create market, product, and service plans to back up the "Where To Play" strategy.
• To enable "Where to Play," create product and service roadmaps.
• Determine which Industry 5.0 applications are appropriate for the company's future
state.
• Carry out a Lean business analysis.
Strategic and Operating Gaps
Task:
Completed assessments can be used to identify strategic and operational gaps (SWOT, Five
Forces, PEST, Lean Business). Develop a solution roadmap for gaps that must be filled in order to
achieve strategic goals.
Level-2: Change Management
The Level 2 is focused on preparing the organization for implementation if strategic planning
based on the Group50’s Business Hierarchy of Needs® change management framework.
Around 90% of companies are failing to put their strategic plans in the action. The key step in
the process is to generating strategic value for the future optimization of the organization and
monitors the defined strategies, tactics and KPIs.
Level-3:- Implementation
Oversight
Task:

4. • Create a future state oversight committee that is in charge of "ALL" strategic initiatives, such as
change management, continuous improvement, transformation, and strategy implementation.
Process Reengineering
Some of the Tasks include
• Develop criteria for best practices for all strategic initiatives.
• Create a roadmap for implementation that includes project charters and timelines.
To get complete Strategic planning 5.0™ playbook, visit the Group50 website. Group50
consultants are supported by the strategic planning subject matter experts and provide you the
best consulting services.
Visit: https://www.group50.com/