It is indeed a long-term process. Dos and Don’ts in Strategic Planning. h�bbd```b``V�� ��D�$��?�Ȅ� 2t&�d�[$������������"�?���� |] (Bryson, 1988.) Some of the most critical steps are listed below, aside from the creation of the strategic plan documentation. 0000009655 00000 n Purpose of a Strategic Plan The overarching purpose of a strategic plan is to conduct an assessment of the current conditions in order to forecast future dynamics and come up with holistic and comprehensive ways to deal with it. What is Strategic Management Objectives? 534 0 obj << /Linearized 1 /O 537 /H [ 1537 636 ] /L 247555 /E 76174 /N 14 /T 236756 >> endobj xref 534 34 0000000016 00000 n Each bureau has a broad range of responsibilities and functions, described briefly in the following sections. 609 0 obj <> endobj Create your own automated PDFs with JotForm PDF Editor endstream endobj 610 0 obj <>/Metadata 73 0 R/Pages 607 0 R/StructTreeRoot 117 0 R/Type/Catalog>> endobj 611 0 obj <>/MediaBox[0 0 612 792]/Parent 607 0 R/Resources<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 612 0 obj <>stream Formal Strategic Planning began in the 0000005908 00000 n This Strategic Plan (SP), (i) re-defines the Ministry’s Vision, Mission, core functions, policy priorities, strategic objectives and resource requirements based on … Strategic plans:Strategic planning establishes a long-termplan to achieve an organization’s specified vision and mission through the attainment of high-level strategic goals (as described above). 0000006579 00000 n Sector Strategic Investment plan (ASSIP), which provide a framework to drive Uganda’s transformation into upper middle-income status by 2040. There are a number of different strategic planning models which are commonly used by boards, including: • 'Basic' strategic planning – This is a simple 'entry level' model which involves identifying a purpose, a mission statement, then identifying the objectives … Examples of strategic goals for this perspective include: 1. strategic planning and management skills that will determine whether that growth is sustained, or whether internal constraints rein in that growth prematurely. The agency’s three … head of Strategic Planning and Management Services at Educational Testing Service: Strategy refers to a general plan of action for achieving one’s goals and objectives. 0000002578 00000 n Strategic objectives are one of the fundamental building blocks of your strategic plan. 0000002736 00000 n Value can b… ��#�dfpՊ���YDc������4 =�� D��l�K;�!f?�Y�]k_���τ��wuޒ���UZAvz�r�*��TV���N\�V�39E���D���K���+������gI��t���{�D̈́�7��d�(:B�L�]��[ 0000003559 00000 n Strategic management objectives can be defined as taking some sets of the decision, and some actions either in a group or individually and those acts determine the output of the company’s performance and those key decisions outline how rightly the strategy was executed. To write a powerful, precise, and most importantly ACTIONABLE objective, the business need must be bound by both a baseline and a target (how much? STRATEGIC PLANNING PROCESS The planning phase of the strategic management plan process consists of establishing a set of general but clear Strategic Goals, that when attained through the follow on plan, achieve our Mission. 0000001537 00000 n The definition of strategic objectives is simple. 0000004448 00000 n 0000001386 00000 n 0000075227 00000 n It is a major step in achieving the vision of the organisation.In the strategic planning context a goal is a place where the organisation wants to be, in other words a destination. 0000008011 00000 n Visualize a famous bridge, such as the Golden Gate Bridge, Brooklyn Bridge, or Tower Bridge. The Strategic Planning Reference and Resource Book has been designed to familiarize you and help you through the strategic planning process in a step-by-step approach. 0000004426 00000 n The goals, objectives and action plans specified in this strategic plan is aligned with the mission/vision of the company. What is a strategic plan and why is it needed? H�/5#4�� �gMK�v��ܺ�M�VӘ��oW��q��|�O��>�m���a��:��u�$��k:���yM����~GM�n�֔�V���G��:;�B�'T����a�65x�C[�n'��O�m�u �a������ }9� 0000005195 00000 n Determination of Mission and Objectives: Strategic planning starts with the determination of the … The goal of attainin… 631 0 obj <>stream In the world of business, it makes your business competitive in the light of a very tight competitive market. • Step 4: Implementation and Monitoring of the Plan. 618 0 obj <>/Filter/FlateDecode/ID[<3E0E25A04B85624C8F803E54D0D67C9D>]/Index[609 23]/Info 608 0 R/Length 70/Prev 1281607/Root 610 0 R/Size 632/Type/XRef/W[1 3 1]>>stream 0000009369 00000 n A strategy or general plan of action might be formulated for broad, long-term, corporate goals and objectives… A strategic planning checklist can connect the vision of the company to the processes that will make the vision realized. In reality these people are strategic thinkers and planners using the strategic planning process. To develop an actionable strategic plan, we followed industry best practices that included: To put it another way, they develop a vision for the organization's future and determine the necessary priorities, procedures, and … 3. H�|T[o�0~���p�i5vJ�fi��do{q�. endstream endobj startxref 0000005173 00000 n According to them, strategic planners commonly establish long-term objectives in seven areas: profitability, productivity, competitive position, employee involvement, employee relations, technological leadership, and public responsibility. %%EOF For all intents and purpose of this post, we’ve put together below a short list of common strategic objectives. Grow shareholder value: The top goal of your organization may be to increase the value of your organization for your shareholders, stakeholders, or owners. 0000007268 00000 n ), as well as time (by when?). Strategic planning is about change. A DEFINITION OF STRATEGIC PLANNING Strategic planning is a tool for organizing the present on the basis of the projections of the desired future. %PDF-1.5 %���� 0000008656 00000 n OUR MISSION, VISION, STRATEGIC GOALS, AND OBJECTIVES FY 2004 - FY 2009 STRATEGIC PLAN 5 GOAL 3: MANAGEMENT INTEGRATION GOAL: Benefits of Strategic Planning. A strategic plan looks out over an extended time horizon, three to five years or more. The strategic planning process is a continuous cycle, involving plan design, implementation, and evaluation, as well as stakeholder engagement, the maintenance of strategic planning mechanisms, and alignment with the budgeting process. A goal is a specific target, an end result or something to be desired. This Chapter on the strategic management and strategic planning process provide an insight on the basic knowledge on what is strategy and strategic management. Strategic planning is a process of looking into the future and identifying trends and issues against which to align organizational priorities of the Department or Office. Strategic planning consists of analyzing the business and setting realistic goals and objectives. The plans are specific, measurable, attainable, balanced and complete. WHAT IS THE STRATEGIC PLANNING PROCESS? This leads to the creation of a formal document that lays out the company’s views and goals for the future. 0000008678 00000 n These strategic goals define the destination, changes the current organizational direction and the mind set of the personnel. 0000002972 00000 n Committing ourselves to the planning process is What are some strategic planning models? It is an iterative process that identifies where an organization must focus (mission), where it must be in the future (vision), and how it intends to get there (goals and objectives). In addition, strategic planning does the following: Shares an organization’s vision with a large internal and external audience. Strategic Plan Goals, Objectives, Strategies and Strategic Initiatives 2 The agency has identified three overarching goals which will be achieved through the implementation of the goals, objectives, strategies and strategic initiatives delineated herein. x���KO�0���� ���[BHPX�jAq����@�t����;v4uK+�Z��3���c{��E3׏ ��MS?�=�}y2o���C9��{T^ד�n�������d�&�70� ���L���q��4�0�?�ir�A� ��irF�/i"�`ƁT�)�UP���b�&?`Y��V-�XEy�����\�0P�u�匎������pv9 (�}.��WDv̙Xf#�� y�Q�x؋'�z|}z�4�`�������6�U���d��m��(�Xʾ�O[ˬ�e � F2�S�A���)�֞ ��)�&چ��N1%6�E���vs F�_W@��lد���%�Q�ZK���Q��\���i�.M�ݺڞ���Et))m�,?�6���[�XZk� $gV���+dի:����x�'#�p:��wq�%C�S�I BKDWL� Ҹw��ۺ�M�o��=i�e҄c����./Peü0�m^��8/�i���Bf�yQe4ɳ����N�!��9� �: �����eW䪅�1 A strategic planning checklist can be the platform where progress and development can be measured. 0000006557 00000 n The plan establishes where the organization is currently, where leadership wants to go, how they will get there and how … Executives typically pile on more strategic planning objectives than are manageable, which requires an ever-increasing number of strategies and tactics to achieve. 0000009347 00000 n 0000005886 00000 n x��} xE��[}��=�L&��dr����@ r@����MT@��E4��.^x���;ID��+���x磌��\VE!��'�����=��=. The objectives and strategies described in this document have 0000043743 00000 n An organisation may set several goals that will outline a path to achieving the vision. A strategic objective is a business need that can be defined in quantifiable and measurable terms. endstream endobj 613 0 obj <>stream h�b```�Xf�p!b`C��*�7U�~�Lc/m����7p���>����.t\�9!�_���[egkdE;�%��.�Rx�9�J���Uf���ž�!�t��l1]}pr��f ���6st0Dt0pt4Ztt0�ut00ut4��2@�PĢ������@��]vB{�4;����8��ž��W,����'��Ī��`-.©~@���A����� ��f�- s� a[� The strategic planning process can take some time, but it’s beneficial for everyone involved. h�̕�O�0��K{ܘ�� Uj�&1 �$�CV�6R��6l����iҲ�,T{�"ǎ�|>��|q* N���S��֚z-����VD�rJO8��T{��eA� �Qh@2j��Dz��e%BT��crS�WSaA�a��9/&�J�h�I^�i��h�MV�h9Z��`�x�=B������$�L›ڼ�_�lV���d��gyv_�a���=�.i�A^V���ȫ�N�es��6tN˅�W����1O.�~�t�UJ'���6�W n+��m��#l�®�+��ҏ�Wԡ��pQ6y�&�?��������3��Ӣ��n 1�I�2Z7 ]⽀��=�ސ��x�rct���vj����Q�}��A��q�$��)"��E�o����"RNyM _0j�v@^�@�mAH��|�aP�o~خ#��/#�吤}���_jF Y�q4!ͳ����%L�H;�t�`�� �4��z_2[�`+ݐ�;�m�F6��l�k�5���]'�?��m��^������� v?����{�m4���0ӜO� in view of the objective, much in the same way that the captain of a sailing vessel works with his environment to go from destination to destination. 0000004355 00000 n All bridges have two primary support pillars and a span between the two, allowing one part of land to be connected with another. That is, a strategic plan is a road map to lead an organization from where it is now to where it would like to be in five or ten years. Strategic planning has been defined as the process of formulating, implementing and evaluating business strategies to achieve future objectives. That means when writing strategic objectives, they need to be phrased in a way that answers two simple questions: How much?
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