Goals
This course will prepare you to:
- create an effective vision and mission statement
- design appropriate values to support the mission and vision
- follow a structured process to create an effective strategy
- analyze the environment your organisation operates in
- exercise critical decision making
- develop sound strategic goals
- develop a clear, implementable strategy
Audience
- Senior management
- Department heads
- Managers
- Assistant managers and above
Content
- Strategic planning:
- Why are we doing strategic planning?
- Why do strategic planning?
- We have the why, now the who?
- Where when and how?
- The process: Start off slow.
- Celebrate success Analysis
- The strategic planning process:
- Start with getting feedbacks
- Methods to solicit feedbacks
- Building a capability driven strategy (Internal analysis):
- Core Competencies / Competitive Advantages
- VRIO (Valuable, Imitable, Rare and Organisation)
- VMOST:
- Vision
- Mission
- Objectives (Goals)
- Strategies
- Tactics
- Mission / Purpose:
- Why you do what you do?
- Who is your customer?
- Values:
- Why value is importance for achievement of Mission and Vision?
- What does your company promise?
- Setting goals:
- What are the most important things you should be doing?
- Financial goals?
- Non-financial goals?
- Short-term, mid-term and long-term?
- Differences between goals and objectives
- Strategic intent:
- What is going to move the needle on the vision?
- Vision
- Mission
- Goals and objectives
- Specific objectives and initiatives
- KPI’s:
- Performance measures and targets
- What are the critical measures or ratios in your business?
- Application of Balance Scorecard
- Strategic focus areas vs. tactics in support
- KPI’s:
- Performance measures and targets
- What are the critical measures or ratios in your business?
- Application of Balance Scorecard
- Strategic focus areas vs. tactics in support
- Big Picture vs. Practical Application:
- Where to add value and make changes?
- Success drivers
- Value chain analysis
- Supply chain analysis
- Value network analysis
- Business model canvas
- Identifying gaps:
- Implementation constraints
- Risks to good implementation
- Harvard Business Review – The secrets to successful strategy execution
- Key resources in strategic planning:
- People
- Communicating the plan
- Risk and stakeholder management:
- Risks
- Stakeholder analysis
- Creating the plan:
- How do you create work plans?
- When the rubber hits the road
- Strategy is about choices
