Register now or log in to join your professional community.
strategy plan, is like plan, where we use our weapon to industrial fighting in commercial world with ( experiance , knowledge, capacity building, power, patience,etc), for long term.
where we use diffrent management techniques:
SWOT
Key Success Factors
Core Competences Analysis
Scenario Planning
Value Chain
Porter’s5 Forces
Resource-Based Analysis
Industry Life Cycle
PESTLE Analysis
Portfolio Matrices, e.g. BCG or McKinsey
1. Review the organizational goals and objectives.
2. Identify the GAP and suggest solutions.
3. Develop change mechanism.
4. Set strategic road map for future implementation
Strategic planner do some or all of the following:
- Provide up to date research to leadership in fields like external environment trends, business trends, competitor research, customer research, market research, industry trend analysis, & new ways of developing and implementing strategies.
- Educate leadership and managers in both strategic planning and strategic thinking.
- Facilitate strategic development and implementation
- Monitor strategies implementation and ensure that departmental operation plans are aligned to the company's approved strategies.
- Be the borad strategic consultant
- Provide strategic development and implementation tools
- Prepare strategic plans to implement the company's approved stratgies
Strategic planners provide up to date research to the leadership of the company in the following fields:
Finance, Marketing, Human Resources, Production/Manufacturing, Distribution, Promotion, Cultures, Structures, Alliances, Technologies etc.
Strategists also keep up to date with new ways of doing strategy itself. This may include techniques such as participative and creative ways of doing strategic planning that result in buy-in from stakeholders and formal methodoligies such as balanced score card. This include balancing IQ, EQ and SQ to ensure people are excited and inspired while they develop new powerful strategies.
The head of strategic planning may divide the strategic research listed above, among different members of his/her team.
Based on the focus of the business utilizing available resources strategic planners are responsible for formulating strategies for the future direction of the organization and they may do so by conducting business, market and customer research etc.
The strategic planning process involves:
1. Review of the current situation and analysis
2. Re-Visiting the Vision, Mission and Objectives of the organization to better understand the organizational needs.
3. Providing direction for budget control and utilization, improving performance, achievement of goals and target setting.
4. After strategy formulation present it to the top management/leadership and for share holders so it may help them in decision making.
Plan, Prepare , Formulate and Review.