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Business-Strategic-Planning.pptx
- 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 strategicplan 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.
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- 4. -consists of analysingthe 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 uncoverways to improve performance -spark insights about how to restructure your organization so that it can reach its full potential
- 6. A well-designed strategicplan will dictate how you respond to opportunities and challenges of every color, shape and size.
- 7. -provides important opportunitiesfor employees and managers to collaborate -provides a sense of direction and outlines measurable goals
- 8. -gives you aplace 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
- 9. Financial benefits: -Improvement insales -Improvement in profitability -Improvement in productivity
- 10. Non-financial benefits: -Enhanced awarenessof external threats -Improved understanding of competitor’s strategies -Increased employee productivity -Reduced resistance to change -Understanding of performance-reward relationships -Enhances problem-prevention capabilities
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- 12. -Clarify the goalsthat 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 sectionsin your strategic plan - Executive Summary - Company Mission Statement - SWOT-Analysis - Goals - Key Performance Indicators - Financial Projections
- 14. 12 key sectionsin your strategic plan - Target Customers - Industry Analysis - Competitive Analysis and Advantages - Marketing Plan - Team - Operations Plan
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- 16. Company Mission and VisionStatement
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- 19. KPIs or Key PerformanceIndicators
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- 28. 1. Identify Organization’s existing: -Vision - Mission - Objectives - Strategies
- 29. 2. Perform Externalaudit
- 30. 3. Perform Internalaudit
- 31. 4. Establish short-termand long-term goals
- 32. 5. Generate, evaluate, selectstrategies
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- 34. 7. Measure andevaluate performance
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- 36. Develop your complete strategicplan each year and update it monthly
- 37. Having a planis far better than having no plan at all.
- 38. Every business knowswhere to go and the destination but unless the roadmap is drawn, reaching the destination may be time-consuming and costly.
- 39. A Strategic Planbalances activities and directs the business to take the right track to achieve this.
- 40. Check whether youare going in the right direction and also correct yourself when you made a wrong turn without much time and money lost.
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