Executing the Preparation of a Strategic Planning
- Identify key stakeholders to participate (more than three, but less than ten persons).
- Conduct training.
- Oversee individual coaching and preparation.
- Initial session – vision, mission, values, business model.
- Second session – environmental, SWOT, ERM.
- Third session- department strategy and tactics.
- Fourth session – conclusions and review.
- Planning and executing communication plan.
- Follow-up and monitoring.
A strategic planning process addresses specific issues and opportunities facing an organization as part of an overall plan; rather than as isolated incidences in a vacuum. Technological issues are resolved by identifying them as either enablers of the strategy, weaknesses, or potential threats. The process then establishes a plan to deal with each individual issue. The process also addresses financial and operational questions comprehensively, serves as a guide for future decision-making, allows for monitoring the progress of meeting specific goals, budgets aid the process and monitor the financial results, and measures the effectiveness of a company’s strategy.