Strategic planning

Strategic planning

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  Strategic Planning Novelita L.Mendoza Discussant
• 2.
  What is  Processto establish PRIORITIES on what you will accomplish in the near future  Forces you to make choices on what you will DO and what you will NOT DO  Pulls the entire organization together around a single game PLAN FOR EXECUTION  Board outline on where resources will get allocated Strategic Planning?
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  Why do StrategicPlanning?  Strategic planning improves PERFORMANCE  Counter excessive inward and short-term thinking  Helps you to STAY ON TRACK with your business plan SOLVE major issues at a macro level  COMMUNICATE to everyone what is most important
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  Fundamental Questions toAsk Where are we now? ASSESSMENT Where are we going? PLANS & GOALS
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  Fundamental Questions toAsk Where do we need to be? GAP/FUTURE END STATE How will we close the gap? STRATEGIC PLANS
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  Fundamental Questions toAsk State what you want? OUTCOME(S) – At eh end of the day, the final state of your ministry
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  A Good StrategicPlan should…  Address Critical performance issues within your organization team and self  Create the right balance between what the organization is capable of doing vs. what the organization would like to do  Cover a sufficient time period to close the performance gap
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  A Good StrategicPlan should…  Visionary - Convey a desired future and state  Flexible - Allow and accommodate change  Guide decision making at lower levels - Operational, tactical, individual
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  A Good StrategicPlan should…  You and your senior leadership team commitment  Who will do what?  What will each group do?  How will we do it?  When is the best time?
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  The Five “MUST-HAVE”Elements of a Strategic Plan MISSION This defines why you exist as an organization Specifically, it tells others (not just those in the organization) why you exist. Ideally, it describes some noble purpose that is both inspirational and aspirational, so that it instills pride in all those connected with the organization.
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  The Five “MUST-HAVE”Elements of a Strategic Plan GUIDING PRINCIPLES Also called organizational attributes, these describe how you expect people to behave with each other and with other stakeholder groups. Guiding principles broadly define which types of behaviors are acceptable and which behaviors will not be tolerated. In particular, they describe how you will behave when face with difficult situations or changes
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  The Five “MUST-HAVE”Elements of a Strategic Plan VALUE PROPOSITIONS These explain the value you provide to your organization’s different stakeholder groups, both internal and external. For example, why do customers buy from you? Why do employees come to work for your organization? What kind of return can shareholders expect? How does your community benefit from the work you do?
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  The Five “MUST-HAVE”Elements of a Strategic Plan DESTINATION POINTS These identify where your organization wants to go within a specified time frame. This is perhaps the most critical element in the whole process because the more clearly you define your desired end state, the greater your chances of getting there.
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  The Five “MUST-HAVE”Elements of a Strategic Plan AREAS OF FOCUS/STRATEGIESThese define, in a broad sense, how the organization will get to where it wants to go. They are the three to five areas everyone should be focused on to get to the destination points. What cuts across several destination points; where should the majority of energy be focused; what must everyone keep in mind as they make investments in people and other resources; and, what guides you on what to do and not to do are the core questions answered.