IS 460 Notes Strategic Planning By Thomas Hilton

Topics Definition/Purpose Context Deliverables Method

Definition Strategic Planning is a procedure for determining the direction in which an organization needs to move to fulfill its mission basic objectives of an organization and allocating resources to their accomplishment

Definition A strategic plan is a document that results from strategic planning contains the mission, direction, goals, etc. of the organization acts as a road map for carrying out the strategy and achieving long-term goals

Context: Strategic Management Operations –immediate execution (this project) Tactics –near-term execution (this year) Strategy –long-term execution (five years?) Strategic Management Operations Management Tactical Management

Deliverables/Results Coordination of All Parts of the Organization Sense of Direction, Ethos Sense of Ownership, Membership, Motivation Strategic Planning Document

Method Identify, develop, document… Strategic Planning Team Stakeholders Scope of Plan Environmental Influences Core Values Mission Vision Goals Objectives Tasks

Strategic Planning Team Influential (or at least credible) Representative (or consultative) Few in number Broad viewpoint

Stakeholders Recipients of organization output Providers of organization input Members of the organization Many in number (sample them) Narrow viewpoint

Boundary/Scope of Plan Negotiable Revisit as needed throughout planning process Approximate the clients scope of practice Establish accountability

Trends in the Relevant Environment Markets Competitors Regulations Staffing Capital Technology

Core Values Moral justification for organizations existence Permanent Internalized organization-wide Ideological Example

Mission Main area(s) of organization accomplishment Nearly permanent Shared organization-wide Conceptual Example

Vision Chosen instantiation of the mission Rarely changes Accepted organization-wide Broadly Contextual Example

Goals Components of the vision Change slowly as accomplished (or abandoned) Accepted by appropriate divisions in the organization Specifically Contextual Example

Objectives Components of each goal Change per planning cycle (five years?) Accepted by appropriate departments within divisions of the organization Measurable (often via surrogates) Example

Tasks Components of each objective Change relatively often (annually?) Accepted by appropriate persons/work- groups with budget, deadline, and deliverables Performable, directly measurable Example

Timing Considerations Complete in Days or Weeks Revise Annually (Quarterly?) Most Revision in Tasks, Objectives, Goals