0000001537 00000 n x��} xE��[}��=�L&��dr����@ [email protected]����[email protected]��E4��.^x���;ID��+���x磌��\VE!��'�����=��=. It provides an outline for you to plan, organize and conduct your conference, document and execute your plan, and to monitor and adjust your strategic plan, as needed. 0000009448 00000 n Annual statements that are specific, measurable, attainable, realistic and time bound (SMART). In reality these people are strategic thinkers and planners using the strategic planning process. ��#�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�]��[ One of […] 631 0 obj <>stream Dos and Don’ts in Strategic Planning. The objectives and strategies described in this document have A strategic plan looks out over an extended time horizon, three to five years or more. The Denver Foundation Strategic Plan 2011 7 INTRODUCTION The purpose of this strategic plan is to articulate the long‐range direction and priorities for The Denver Foundation. h�b```�Xf�p!b`C��*�7U�~�Lc/m����7p���>����.t\�9!�_���[egkdE;�%��.�Rx�9�J���Uf���ž�!�t��l1]}pr��f ���6st0Dt0pt4Ztt0�ut00ut4��[email protected]�PĢ������@��]vB{�4;����8��ž��W,����'��Ī��`-.©[email protected]���A����� ��f�- s� a[� endstream endobj 613 0 obj <>stream 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. 0000072549 00000 n • Step 4: Implementation and Monitoring of the Plan. endstream endobj 614 0 obj <>stream A strategic objective is a business need that can be defined in quantifiable and measurable terms. 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An organisation may set several goals that will outline a path to achieving the vision. 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). Strategic planning consists of analyzing the business and setting realistic goals and 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 Strategic planning is a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future. A DEFINITION OF STRATEGIC PLANNING Strategic planning is a tool for organizing the present on the basis of the projections of the desired future. 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� Determination of Mission and Objectives: Strategic planning starts with the determination of the … Strategic planning has been defined as the process of formulating, implementing and evaluating business strategies to achieve future objectives. 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�[email protected]��lد���%�Q�ZK���Q��\���i�.M�ݺڞ���Et))m�,?�6���[�XZk� $gV���+dի:����x�'#�p:��wq�%C�S�I BKDWL� Ҹw��ۺ�M�o��=i�e҄c����./Peü0�m^��8/�i���Bf�yQe4ɳ����N�!��9� �: �����eW䪅�1 What is Strategic Management Objectives? The goal of attainin… OUR MISSION, VISION, STRATEGIC GOALS, AND OBJECTIVES FY 2004 - FY 2009 STRATEGIC PLAN 5 GOAL 3: MANAGEMENT INTEGRATION GOAL: 0000003559 00000 n A goal is a specific target, an end result or something to be desired. 0000004396 00000 n endstream endobj 610 0 obj <>/Metadata 73 0 R/Pages 607 0 R/StructTreeRoot 117 0 R/Type/Catalog>> endobj 611 0 obj <>/MediaBox[0 0 612 792]/Parent 607 0 R/Resources<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 612 0 obj <>stream That means when writing strategic objectives, they need to be phrased in a way that answers two simple questions: How much? According to them, strategic planners commonly establish long-term objectives in seven areas: profitability, productivity, competitive position, employee involvement, employee relations, technological leadership, and public responsibility. A strategic planning checklist can connect the vision of the company to the processes that will make the vision realized. 0000007290 00000 n Purpose of a Strategic Plan The overarching purpose of a strategic plan is to conduct an assessment of the current conditions in order to forecast future dynamics and come up with holistic and comprehensive ways to deal with it. 0000009655 00000 n We must know the level of improvemen… 0000006557 00000 n h�̕�O�0��K{ܘ�� Uj�&1 �$�CV�6R��6l����iҲ�,T{�"ǎ�|>��|q* A roadmap to launch and grow your organization Process as important as product (perhaps more important) Aligns stakeholders around strategic priorities Communicates your goals, strategies and programs Engages, motivates, and retains external and internal audiences (e.g., board, staff, donors, etc.) 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. The goals, objectives and action plans specified in this strategic plan is aligned with the mission/vision of the company. Financial objectives are typically written as financial goals. 0000001031 00000 n Each bureau has a broad range of responsibilities and functions, described briefly in the following sections. Formal Strategic Planning began in the Hence, it is a combination of objectives, future plans, and actual workflow. 0000007989 00000 n 0000005908 00000 n 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. strategic planning and management skills that will determine whether that growth is sustained, or whether internal constraints rein in that growth prematurely. A strategic planning checklist can be the platform where progress and development can be measured. 0000004448 00000 n This leads to the creation of a formal document that lays out the company’s views and goals for the future. 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 0000005195 00000 n In addition, strategic planning does the following: Shares an organization’s vision with a large internal and external audience. What are some strategic planning models? 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 … To develop an actionable strategic plan, we followed industry best practices that included: Strategic planning:The process by which leaders of an organization determine whatit intends to be in the future and howit will get there. 0000002736 00000 n The strategic planning process is subdivided into four stages: • Step 1: Construction of Assumptions or Basis; • Step 2: Great Choices; • Step 3: Elaboration of the Strategic Plan; and. Visualize a famous bridge, such as the Golden Gate Bridge, Brooklyn Bridge, or Tower Bridge. This Chapter on the strategic management and strategic planning process provide an insight on the basic knowledge on what is strategy and strategic management. Executives typically pile on more strategic planning objectives than are manageable, which requires an ever-increasing number of strategies and tactics to achieve. 609 0 obj <> endobj 0000004426 00000 n The definition of strategic objectives is simple. 0000003789 00000 n 0000002972 00000 n 0000007268 00000 n 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. 0000043743 00000 n It is indeed a long-term process. 0000002578 00000 n For example, a goal for a sporting organisation might be to have 50 qualified and active coaches. Some of the most critical steps are listed below, aside from the creation of the strategic plan documentation. H�|T[o�0~���p�i5vJ�fi��do{q�. 0000004355 00000 n Value can b… All bridges have two primary support pillars and a span between the two, allowing one part of land to be connected with another. 4. %%EOF Management teams are crushed by the weight of all their objectives. 0000005886 00000 n A strategy or general plan of action might be formulated for broad, long-term, corporate goals and objectives… 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. The plan establishes where the organization is currently, where leadership wants to go, how they will get there and how … In the world of business, it makes your business competitive in the light of a very tight competitive market. 0000006579 00000 n What is a strategic plan and why is it needed? %PDF-1.4 %���� For all intents and purpose of this post, we’ve put together below a short list of common strategic objectives. 0000001386 00000 n Grow shareholder value: The top goal of your organization may be to increase the value of your organization for your shareholders, stakeholders, or owners. This Strategic Plan (SP), (i) re-defines the Ministry’s Vision, Mission, core functions, policy priorities, strategic objectives and resource requirements based on … Sector Strategic Investment plan (ASSIP), which provide a framework to drive Uganda’s transformation into upper middle-income status by 2040. ), as well as time (by when?). 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. Strategic planning is about change. 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. Strategic objectives are one of the fundamental building blocks of your strategic plan. 0000005173 00000 n When selecting and creating your financial objectives, consider what you’re trying to accomplish financially within the time span of your strategic plan. 0000008656 00000 n 0000009369 00000 n 0000008011 00000 n Create your own automated PDFs with JotForm PDF Editor Strategic planning answers where you are now, where you’re going, and how you’re getting there. 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? These strategic goals define the destination, changes the current organizational direction and the mind set of the personnel. 0000002151 00000 n The agency’s three … Formal strategic planning calls for an explicit written process for determining the firm's long-range objectives, the generation of alternative strategies for achieving these objectives, the evaluation of these strategies, and a systematic procedure for monitoring results. The plans are specific, measurable, attainable, balanced and complete. 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. 0000075227 00000 n %PDF-1.5 %���� To put it another way, they develop a vision for the organization's future and determine the necessary priorities, procedures, and … endstream endobj startxref h�bbd```b``V�� ��D�$��?�Ȅ� 2t&�d�[$������������"�?���� |] WHAT IS THE STRATEGIC PLANNING PROCESS? 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