Essential Elements of Strategic Planning

1
Essential Elements of Strategic Planning

• Presenter-Carri George
• Centers Hatching Initiatives for Realizing
  Potential

2
Would you tell me, please, which way I ought to
go from here?That depends a good deal on
where you want to get to, said the Cat.I
dont much care where--- said Alice.Then it
doesnt matter which way you go, said the Cat.
3
Vision

• Describes what the organization will be in the
  future
• What you are striving to be
• Describes the ideal
• Mission Statement
• Describes the current purpose of the
  organization
• What you do
• For Whom
• Why

4
Characteristics of a Good Vision

• It should be grounded in the reality of the
  organizations Present Situation. (Current
  challenges have been addressed)
• The Vision should create some problems for the
  organization.
• Stakeholders (Employees, Customers, Owners,
  Suppliers) must be able to see themselves or
  their interests represented.
• The vision should be a shared vision. (Result of
  integrated thinking rather than a collection of
  individual visions)
• The Vision should invite and inspire people to
  want to bring it to fruition

5
Be sure to keep improvement efforts focused on
the road, NOT OUT HERE!
Your Destination (Vision)
The Road is usually strewn with obstacles
(boulders), some large, some small.
Use Hoshin to remove the big boulders, one at a
time.
Use Continuous Improvement to remove the small
obstacles, on an ongoing basis.
The Strategic Plan is the Road to the Desired
Future State of the Organization.
Your Starting Point (Present Situation)
6
Determine the Present Situation

• Mission
• Employee Feedback
• Performance vs. Last Plan
• Organization Values
• Competitor Performance
• Customers Needs Satisfaction
• Current and Required Products and Services
• Markets (Applications)
• Distribution Channels
• Geographic Areas Served
• Critical Success Metric Performance
• STEEP Factors Social, Technological, Economic,
  Environmental, Political

7

• WHAT IS STRATEGIC PLANNING?
• It has been called..
• Comprehensive Planning
• Systematic Planning
• Long Range Planning
• Visioning
• Value-based Planning
• It involves the.
• Purpose and function of the organization
• Way strategists make decisions
• Stream of decisions
• Establishment of priorities
• Buy-in from the participants
• It deals with the.
• Alignment of current decisions and the future
  plans
• Process of overall operational planning
• Utilization of human resources
• It is related to ..

8
Select Vision Element for Breakthrough

• Correlation of Vision with daily managementdo
  our processes support our vision?
• What are the gaps between our Present Situation
  and our Vision?
• Are there cause and effect relationships between
  the Vision Elements?

9
Create A Plan to Improve the Vision Element

• StrategiesDeliberate and Emergent
• Ownership of Strategiesassign responsibility and
  accountability
• Set metricshow will we know when this is
  accomplished
• Determine time sequence
• Go beyond brainstormingresearch, analysis

10
Review

• What did you intend to accomplish (PLAN)
• What did you actually accomplish? (DO)
• How did the actual accomplishment compare with
  what you intended? (CHECK)
• Analyze what happened and determine what to do
  about it. (ACT)

11
Act. If the goals were achieved, adopt the new
methods permanently. If not, determine the cause
of failure, and return to Plan.
Plan. Determine goals to be achieved and
methods to reach them.
Do. Implement the methods.
Check. Examine the results.