Objectives Objectives: The importance of strategic planning Steps involved in developing a strategic plan Staying Competitive Standard: complete included q uestions to assess your transfer of training.
Ice Breaker Introduce yourself If you had a time machine that would work only once, where in the future or past would you travel and why?
Introduction Begin lesson Discuss A Great Change Leader Break End of lesson Refresh Questions
What is S trategic Planning? Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. What do want to do? How do we best excel? Where do we want the company to be?
Step One Gather all facts When making decisions it is always best to have the maximum amount of information available. SWOT Analysis Gather inputs from stakeholders, company performance analysis of the your organization internal and external limitations social and economic trends .
Among the most useful tools for strategic planning is SWOT analysis internal and external of the organization. Strengths Weaknesses Opportunities Threats
The 4 Key Elements • Vision • Mission • Values • Strategy
Sell your vision Why is it important to make sure other individuals understand the purpose and future gains of the strategic change.
Organization Action Strategy Change may be outline by few but cannot be achieved without working together as a whole Develop clearly written objectives for each department to implement. The objectives listed must be reviewed by upper management adjusted if needed and then finalized before the documents are sent to each department.
Great Change Leader
Jobs cont.
Break Reflect on what we have learned so far and take 45 minutes for yourselves and then we will continue our lesson.
How long should your goals take to reach? A strategic planning process usually takes anywhere from 1 month to three months to complete. Long term objectives. Short term goals and mile s tones 90 day double check
Benchmarking Benchmarking is used when setting standards and goals for your organization. Why Benchmark?
Those who fail to plan, plan to fail.
The US Post office Where were they 30 years ago ? 15 years ago? 5 years ago? Today?
Review of The
Questions What is strategic planning? Why is others understanding the vision so important? How can the bank best utilize the information presented today. What are some of the external environmental factors that can currently be effecting the bank?
References Jason , F. (2011). entrepreneur.com. Retrieved from http://www.entrepreneur.com/article/197538 Patrick , N. ( n.d. ). Manager-net. Retrieved from http://www.managers-net.com/benchmarking.html Phillip, M. (2011, 07 03). Retrieved from http:// www.free-press-release.com/news-fullproof-strategic-planning-process-for-new-or-growing-businesses-1299504075.html Strategic planning. (2012, March 09). Retrieved from http:// en.wikipedia.org/wiki/Strategic_planning Kosar , K. ( Febr ). Retrieved from Congressional Research Service website: http://www.fas.org/sgp/crs/misc/R41024.pdf