STRATEGIC PLANNING What is Mission, Vision & Strategy?

Slides:



Advertisements
Similar presentations
Strategic Management.
Advertisements

Chapter 1 Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage 輔仁大學 企業管理學系 林良陽老師.
Principles of Management Learning Session # 26 Dr. A. Rashid Kausar.
Copyright © 2006 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Part 1: Designing Customer- Oriented Marketing Strategies.
Chapter 2 – Operations Strategy for Competitive Advantage.
Strategic Planning Goals Build Commitment Challenge the organization Improve overall organizational performance Create opportunities for managers and board.
Strategic and Operational planning. Planning Planning means the creation of a plan Planning: the organizational process of creating and maintaining a.
Delmar Learning Copyright © 2003 Delmar Learning, a Thomson Learning company Nursing Leadership & Management Patricia Kelly-Heidenthal
I. Identification of Strategy (includes but not limited to SWOT) A. Firm Situation 1. General macro environment 2. Industry and Competitive analysis 
Business Policy and Strategy MGT599
Planning and Strategic Management
Chapter Objectives Strategic Planning and the Marketing Process CHAPTER Distinguish between strategic planning and tactical planning. Explain.
Module 1 SWOT – Strengths, Weaknesses, Opportunities and Threats.
Strategic Management Strategic management requires an understanding of: Strategic management process How to develop an overall strategy Intended targets.
Strategic planning B.V.L.NARAYANA SPTM. Defining Strategy Strategy is the determinator of the basic long- term goals of an enterprise, and the adoption.
Strategic Planning: Making Choices in a Dynamic Environment
2011 PK Mwangi Global Consulting Forming a Strategy for your Business. Strategy refers to the plan that needs to be put in place to assist the business.
Marketing Instructor Abdel Fatah Afifi MA&T, MBA, PCT, ACPA 2 nd Semester 2009/2010.
Human Resource Management Gaining a Competitive Advantage
University of Palestine Dept. of Urban Planning Introduction to Planning ( EAGD 3304 ) M.A. Architect: Tayseer Mushtaha Mob.:
Strategic Assessment and Plan John J. Sullivan. Introduction any organization can use: for profit, not-for- profit new organization: phases 1 & 2 most.
Paper Three: SWOT, Target Market, Positioning MKTG 241 Due: March 8, points.
Copyright © 2006 by South-Western, a division of Thomson Learning, Inc. All rights reserved. 2-1 Chapter 2 Strategic Planning and the Marketing Process.
1 Ch. 4 Outline Introduction to Planning 1.Planning Fundamentals 2.Levels of Planning 3.Strategic Planning.
Positioning Yourself as an Entrepreneur 3-1 Explore Market Opportunities Prepared by Ron Knowles Algonquin College & Jennifer Rouse Barbeau Canadore College.
1 UNIT 6: STRATEGIC ANALYSIS: EXTERNAL ANALYSIS. 2 Two sets of factors primarily shape a company’s strategy: -External factors (macro environment, industry,
 Strategy is derived from the greek word strategos.  Strategy refers to the ‘plan or course of action’ framed or formulated to achieve a specified objective.
Ch. 3: Business Model and Strategic Plan
Strategic planning LADA- Assessing the Status, Causes and Impact of Land Degradation.
LESSON 2 GENERAL FRAMEWORK FOR PLANNING
Strategy and strategic planning Lecture 5. Strategy and strategic planning Strategy is an element of the internal environment of the organization. It.
Strategic Formation Process
M.Phil. (TU) 01/2010), Ph.D. Scholar
6.0 Business Strategy Chapter 38 HL Only.
Strategic thinking Chapter 1.
E-commerce Strategy Ing. Athanasios Podaras, Ph.D Faculty of Economics
Forming a Strategy for your Business.
Strategic Human Resource Management and the HR Scorecard
STRATEGIC PLANNING IN HIGHER EDUCATION
International Strategic Management
Contribute to the development of a strategic plan.
Strategy Review, Evaluation, and Control
Strategic Management and the Entrepreneur-Over view
LO1 - Analyse the impact and influence which the macro environment has on an organization and its business strategies 1. P1 Applying appropriate frameworks,
Strategic Marketing (2200)
التخطيط الإستراتيجي ببساطة – تحديد اتجاه مؤسسة – حزب – حركة – مجتمع ما في المرحلة المقبلة. سؤال إلى أين تتجه المؤسسة – الحزب – الحركة - المجتمع؟ وكيفية.
Individual Project Mission/Vision Strength Weakness Strategic Issue
E-Commerce Strategy, Implementation
THE CONCEPT OF STRATEGY
إدارة الفنادق م.م. سمير خليل الزبيدي الفصل الثاني الإدارة الاستراتيجية.
MGT 498 TUTORIAL Lessons in Excellence -- mgt498tutorial.com.
MGT 498 Education for Service-- snaptutorial.com
MGT 498 EDU Education for Service-- mgt498edu.com.
Strategy and Human Resources Planning
کنکور کارشناسی ارشد 93 مدیریت
The Strategic Information Technology Formulation
الفصل السادس التخطيط الاستراتيجي الأنشطة التسويقية
نظام تحسين العمليات المستمر وفرق العمل
כלי אבחון.
التخطيط الاستراتيجي الأنشطة التسويقية
جامعة دمشق كلية الاقتصاد ماجستير إدارة الأعمال الإدارة الإستراتيجية
UNIT-VII Strategic Management.
5 BUSINESS MANAGEMENT © 2007 Prentice Hall, Inc. All rights reserved.
Use and Practice of SWOT Analysis
BMA202 Strategic Management
Principles of Management Learning Session # 26 Dr. A. Rashid Kausar.
Chapter 1: INTRODUCTION TO STRATEGIC MARKETING
Strategy and Human Resources Planning
The Strategy Formulation Process
The Strategic Management Process
Presentation transcript:

STRATEGIC PLANNING What is Mission, Vision & Strategy? What is strategy and strategic planning? What is SWOT?

Mission The core purpose of our organization – its express why the organization exists!

Vision A concrete word of what the organization intends ultimately to become by some defined future time, so as to provide a basis for formulating strategies and objectives

Strategy Is the determination of the basic long-term goals and objectives of an enterprise and adoption of courses of action and allocation of resources for carrying out these goals.

Strategy “Strategos” - referred to a military commander during the age of Athenian Democracy It is an umbrella plan encompassing a number of smaller plans for some objective. A strategy is an overall approach, based on an understanding of the broader context in which you function, your strength and weaknesses, and the problem you attempting to address

A strategy gives you a framework within which to work, clarifies what you are trying to achieve and the approach you intend to use. It does not spell out specific activities. Strategies are the key elements of change that need to be addressed to drive the organization towards its vision.

Characteristics of A Strategy A means to the ends of an organization. It requires careful monitoring and analysis of changes in the organization’s external environment It takes into account the relationship between the external forces and internal resources. It involves the determination of the long-term mission and objectives of the organization and prescribes the courses of action needed to achieve competitive advantage.

What is Strategic Planning A process of determining organization’s long-term goals and identifying the best approach for achieving those goals. It is the overall planning that facilitates the good management of a process It provides you with the big picture of what you are doing and where you are going. It gives clarity of what you actually want to achieve and how to achieve it.

SP answers the questions of: Who are we? What capacity do we have and can we do? What problems are we addressing? What difference do we want to make? Which critical issues must we respond to? Where should we allocate our resources? Then, What should our immediate objective be? How should organize ourselves to achieve it? Who will do what and when?

Planning for Strategic Planning When do you need to do a SP process? How often do you need to do a SP process? At what point in an organization or project cycle do you need to do a SP process? How long should a SP process be?

SWOT A generation of the strengths, weaknesses, opportunities, and threats in relation to a particular objective. To develop suitable strategies and tactics A basis for assessing core capabilities and competences The evidence for, and cultural key to, change A stimulus to participation in a group experience

Consider resources and capabilities: - Internal: strengths weaknesses - External: threats and opportunities