What is Strategic Planning?
Strategic Planning expert, the Balance Scorecard Institute defines Strategic planning as:
“an organisational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organisation’s direction in response to a changing environment.”
It is a disciplined effort that produces fundamental decisions and actions that shape and guide what an organisation is, who it serves, what it does, and why it does it, with a focus on the future.
Effective strategic planning articulates not only where an organisation is going and the actions needed to make progress, but also how it will know if it is successful.
A strategic plan is a document used to communicate with the organisation its goals, the actions needed to achieve those goals and all of the other critical elements developed during the planning exercise.
More Strategic Planning:
b) Setting and achieving goals
c) Goal setting and implementation planning
d) Starting the strategic planning process
e) Step 1 – Stakeholder Consultation
f) Step 2 – The formal planning process
g) Step 2 continued – The Planning Session
h) Step 2 continued – Goal ownership and task definition
i) Step 3 – Sign off from members and stakeholders
j) Step 4 – Objective implementation, management and DELIVERY!
k) Strategic Planning Template