Wednesday 9 July 2014

7 Steps to a Successful Strategic Plan

Yesterday a client asked me what she believed was the best way to execute a strategic plan and implement performance metrics to ensure the success of the plan. This is a two-part question that will be answered in two entries. Today, I will discuss the best way to execute their business strategy, and tomorrow will come in how to integrate the plan of action in its strategy to ensure the success of the performance.

A performance initiative cannot succeed unless executives defined organizational objectives. Organizational goals should be set, and a strategic plan should address how these objectives will in the order of a performance initiative to succeed. There is no compromise here. Performance management depends on organizational goals, being distributed and measured throughout the Organization, the Executive Committee and reported to the line. The tip of today will discuss how to develop a plan that establishes the basis for the action plan. Because without a solid plan, ecommerce web development your performance initiative is the trap for failure.

It is not uncommon for a smaller business or organization goals a hard strategic plan were developed in part, but still have a critical need to implement a performance management process. These seven steps will help guide you through the process of strategic planning.

1 organize a leadership team

2 articulate the mission and vision

3 assessing the current environment

4 agree on priorities

5. Enter the strategic plan

6 implement the strategic plan

7. monitor and evaluate

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1 organize a leadership team

The strategic planning phase requires a team of leaders, usually the Board of Executive Directors and key management personnel under the supervision of the CEO. The strategic plan should identify this team and the wider community of current and potential stakeholders. If the decision to involve other actors in the process, the time will be involved? A facilitator or external consultant should help with part or all of the process. Who will keep the planning on the track, and what are the best ways to make the most useful strategic plan? How will address issues and decisions? These questions must be answered early in the planning phase.

2 articulate the mission and vision

Its mission is to define what, how & why of your organization's services. That should explain why your organization exists and what are their goals. Explain how your organization to meet its objectives and its values. When the preparation of the mission statement, consider the products, services, markets, values and concern for the public image of the organization. The vision statement includes a vivid description of the Organization and effectively carries out its operations.

3 assessing the current environment

Now that you've answered by your organization exists, what it does and what they hope to achieve, you are ready to evaluate your current and past State and begins to identify its future State. This activity is most effective when it comes to key personnel throughout the organization. Employees of scope can be performed through City Council meetings, focus groups, surveys, emails, etc. .. Evaluation and performance against the mission and vision services. Currently your organization may not have the appropriate data or tools for measuring quantifiable. Ok, how qualitative analysis can provide an assessment of the high base level. Perform a SWOT analysis; This is a look at the internal strengths and weaknesses and external opportunities and threats in your organization, its current state and future.

4 agree on priorities

Now that the mission is affirmed and critical issues are identified, the next step is to determine the objectives and the strategy to achieve them. The goals are simply a clearer exposition of the visions, specifying the achievements must be performed when the vision becomes a reality. The goals are clear demonstrations of specific activities required to achieve the goals, from the current situation. This is where the process of strategic planning ideas and action steps that will generate more effectively when he has delegated all management.

5. Enter the strategic plan

Once the Mission has been communicated, strengths and weaknesses identified and strategies and agreed targets, the strategic plan is ready to be developed. This is where everything comes together. Here is where the elaborate planning committee plan and key decision makers to ensure that the plan meets the key questions about review of objectives and can serve as a guide for the entire organization. A strategic plan will allow your organization to optimum performance and to embark on a significant

continuous improvement process.

6 implement the strategic plan

The implementation phase begins with the development of the operational plan. The operational plan defines short-term objectives that determine the success and is connected to the operating budget and reporting cycles. Following the fiscal calendar, your organization can measure the progress toward the annual goals and finance can offer feedback to guide the other business areas. This is where the budget is established.

7. monitor and evaluate

In addition to implementing strategies, objectives and goals, a plan of operation must create address how objectives will be monitored and evaluated. The plan must be adequate resources in all the meetings of the Board. This will help keep the Board of Directors, opencart website development and staff focused on operational objectives and a planning culture valued. The plan should be a living document that allows the flexibility to adapt to change.

If you apply these seven steps, your organization will undoubtedly be able to plan and execute the organizational goals and objectives.

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