STRATEGIC PLANNING PROCESS Assessment : Metrics Situational analysis & strategic assessment, Internal & External 5. HOW DO WE GET THERE ? ENVISONED VALUES FUTURE IN PURPOSE 5-20 YRS 2. WHERE COULD WE BE ? There are possible future scenarios in planning process 1 Tactics and Implementation MISSION \\ Strategic Planning Presentation 1. WHERE ARE WE ? 6. ARE WE GETTING THERE ? 4. HOW DO WE GET THERE ? Strategies 3. WHERE DO WE WANT TO GO ? Links to future vision but shorter time horizon, consider SMART goals Diversification HIGH REVENUE TARGET 2 Market Growth RISK Product Development \\ Strategic Planning Presentation THE STRATEGIC PLANNING GAP actual progression TIME LOW CURRENT Market Penetration STRATEGIC PLAN BY DEVELOPMENT FOCUS To be recognized as the best supplier in the industry KEY OBJECTIVES • • PROCESS IMPROVEMENT Expand regulator market reach • Implement lean process Increase customer visits by • Development/Implement supply chain strategy engineers • Review distribution energy • Revenue/Distributor • Revenue/Month PROCESS IMPROVEMENT • Implement personal planning process • Improve communication • Increase teamwork PRODUCT DEVELOPMENT • Increase quick-change regulator line • Expand range of QPRO line • New product KPI 3 INITIATIVES MARKET DEVELOPMENT \\ Strategic Planning Presentation Focus: growing sales revenues • Cash to cash days • Percentage turnover/month • First-Time through • Percentage absenteeism percentage month month revenue/month VRIO ANALYSIS INMITABLE? ORGANIZED AROUND? Competitive Disadvantage Competitive Equality/Party Temporary Competitive \\ Strategic Planning Presentation RARE? Advantage 4 VALUABLE? Unused Competitive Advantage Long-term Competitive Advantage STRATEGY DEVELOPMENT ACTION GRID Determine your primary business, business Planning Team ( all staff if model and organizational purpose (mission) doing a survey) Identify your corporate values (values) Planning Team ( all staff if doing a survey) Create an image of what success would Planning Team ( all staff if look like in 3-5 years (vision) doing a survey) Solidify your competitive advantage based Planning Team ( all staff if on your key strengths doing a survey) Formulate organization-wide strategies Planning Team ( all staff if that explain your base for competing doing a survey) Agree on the strategic issues you need to address in the planning process Planning Team TOOL & TECHNIQUES • Executive interviews • Qualitative strategic survey of select staff or all staff • Executive interviews • Qualitative strategic survey of select staff or all staff • Executive interviews • Qualitative strategic survey of select staff or all staff • Executive interviews • Qualitative strategic survey of select staff or all staff • Executive interviews • Qualitative strategic survey of select staff or all staff • Executive interviews • Qualitative strategic survey of select staff or all staff WEEK 01 WEEK 02 WEEK 03 \\ Strategic Planning Presentation WHO IS INVOLVED 5 ACTION Get the full version of this presentation and access our library of hundreds of corporate resources Join You Exec Plus today and take your career to new heights. Receive premium corporate resources in your inbox every week. Start today