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Strategic Planning
Strategic Planning
• is the periodic process
of developing a set of
steps for an
organization to
accomplish its mission
and vision using
strategic thinking.
• Putting the pieces of
the puzzle together.
Planning Sessions
Periodically, strategic
thinkers come together to
reach consensus on the
desired future of the
organization and develop
decision rules for
achieving that future.
Strategic Planning
• provides a sequential, step-by-
step process for creating a
strategy,
• involves periodic group strategic
thinking (brainstorming) sessions,
• requires data/information, but
incorporates consensus and
judgment,
• establishes organizational focus,
• facilitates consistent decision
making,
• reaches consensus on what is
required to fit the organization
with the external environment,
and
• results in a documented strategic
plan
Plans and Planning
Plans are useless, but
planning is invaluable.
Winston Churchill
Guidelines
• Decision consistency is
central to strategy
• When an organization
exhibits a consistent
behavior it has a
strategy
• Low cost provider
• CEO of Southwest
Airlines Herb Keller
Analyzing and understanding the situation
(1) external
environmental
analysis;
(2) internal environmental
analysis;
(3) the development or
refinement of the
organization's
directional strategies.
Doing the “right” thing
Success is a matter of
being effective in the
environment – doing the
“right” thing.
Resources, competencies, and
capabilities of the organization
Strategy is additionally
influenced by the internal
resources, competencies,
and capabilities of the
organization and
represents “what the
organization can do.”
Directional Strategies
Finally, strategy is driven
by a common mission,
common vision, and
common set of
organizational values and
goals – the directional
strategies
•What the organization
wants to do
Strategy Implementation
Implementation plans are
made up of strategies
developed in the key
areas that create value for
an organization –
•service delivery
•support activities
Making Strategy Work
Buy-in and Ownership
Follow Me
• Follow me on twitter @jjcousins http://bit.ly/2gQlamx
• Subscribe to my podcast MBA ASAP http://bit.ly/2fCWs8s
• Subscribe to my YouTube learning channel MBA ASAP http://bit.ly/2erywED
• Check out my blog at MBA-ASAP.com http://bit.ly/2nwYFl8
• Check out the MBA ASAP library at MBA-ASAP.com http://bit.ly/2uQbQjH
• Kindle, paperback, audio books at Amazon http://bit.ly/2uQbQjH
• audio books at Audible http://adbl.co/2xA7JJZ http://adbl.co/2w0CCHd
• Check my online courses at Udemy http://bit.ly/2xAjxRn http://bit.ly/2xK10hY
• and Teachable
• Connect with me on LinkedIn http://bit.ly/2sR1eQr
• Get the free eBook Understanding Financial Statements http://bit.ly/2kl6ADV
• Sign up for my email list at MBA-ASAP.com
• Check out my program at UNM Continuing Ed http://bit.ly/2A5Ah0w
• Check out my Patreon site http://bit.ly/2k1ebsb
• Medium
• Subscribe via: YouTube, Podcast, Facebook, Twitter, iTunes
Thank You
John Cousins
jjcousins@gmail.com

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Strategic Planning

  • 2. Strategic Planning • is the periodic process of developing a set of steps for an organization to accomplish its mission and vision using strategic thinking. • Putting the pieces of the puzzle together.
  • 3. Planning Sessions Periodically, strategic thinkers come together to reach consensus on the desired future of the organization and develop decision rules for achieving that future.
  • 4. Strategic Planning • provides a sequential, step-by- step process for creating a strategy, • involves periodic group strategic thinking (brainstorming) sessions, • requires data/information, but incorporates consensus and judgment, • establishes organizational focus, • facilitates consistent decision making, • reaches consensus on what is required to fit the organization with the external environment, and • results in a documented strategic plan
  • 5. Plans and Planning Plans are useless, but planning is invaluable. Winston Churchill
  • 6. Guidelines • Decision consistency is central to strategy • When an organization exhibits a consistent behavior it has a strategy • Low cost provider • CEO of Southwest Airlines Herb Keller
  • 7. Analyzing and understanding the situation (1) external environmental analysis; (2) internal environmental analysis; (3) the development or refinement of the organization's directional strategies.
  • 8. Doing the “right” thing Success is a matter of being effective in the environment – doing the “right” thing.
  • 9. Resources, competencies, and capabilities of the organization Strategy is additionally influenced by the internal resources, competencies, and capabilities of the organization and represents “what the organization can do.”
  • 10. Directional Strategies Finally, strategy is driven by a common mission, common vision, and common set of organizational values and goals – the directional strategies •What the organization wants to do
  • 11. Strategy Implementation Implementation plans are made up of strategies developed in the key areas that create value for an organization – •service delivery •support activities Making Strategy Work Buy-in and Ownership
  • 12. Follow Me • Follow me on twitter @jjcousins http://bit.ly/2gQlamx • Subscribe to my podcast MBA ASAP http://bit.ly/2fCWs8s • Subscribe to my YouTube learning channel MBA ASAP http://bit.ly/2erywED • Check out my blog at MBA-ASAP.com http://bit.ly/2nwYFl8 • Check out the MBA ASAP library at MBA-ASAP.com http://bit.ly/2uQbQjH • Kindle, paperback, audio books at Amazon http://bit.ly/2uQbQjH • audio books at Audible http://adbl.co/2xA7JJZ http://adbl.co/2w0CCHd • Check my online courses at Udemy http://bit.ly/2xAjxRn http://bit.ly/2xK10hY • and Teachable • Connect with me on LinkedIn http://bit.ly/2sR1eQr • Get the free eBook Understanding Financial Statements http://bit.ly/2kl6ADV • Sign up for my email list at MBA-ASAP.com • Check out my program at UNM Continuing Ed http://bit.ly/2A5Ah0w • Check out my Patreon site http://bit.ly/2k1ebsb • Medium • Subscribe via: YouTube, Podcast, Facebook, Twitter, iTunes