1. Essential Features of a Business School Strategic Plan
Syed Zahoor Hassan, PhD Professor, SDSB, LUMS Former Vice Chancellor LUMS
Shaukat Ali Brah, PhD Founding (and Former) Rector KSBL Former Professor & Dean KSBL, AGU and LUMS
April 28-29, 2017

2. Strategy “Strategy is a pattern in a stream of decisions”
— Henry Mintzberg

3. Outline What is Strategic Planning? Process of Strategic Planning
Main Steps of Developing a Strategic Plan
Components of a Strategic Plan
Common Pitfalls in the Implementation of a Strategic Plan

4. Objectives through Consensus
Framework of Strategy
Core Values
People Processes Technologies
Vision
Mission
Strategy
Decisions
Objectives through Consensus

5. Essence of a Strategy Gain and maintain control of destiny
Identify the forces that effect the purpose
Dependence and influence
Change and/or use force to create degrees of freedom to act
It is about choices and timely decisions
Source: Burgelman, R.A., Strategy is Destiny: How Strategy making Shapes a Company’s Future.

6. Components of a Strategy
Where are we? Where do we want to be?
Goals and Objective
How do we get there?
Programs and target audience
Scope and focus of activities
How will we succeed?
Competitive advantage
Why will this give the desired result?
The Logic

7. Strategic Planning
“Strategic planning is thinking about a plan of choices and choosing to stick with your thinking”

8. The Business School Service Model
The Service
Strategy
The
People
Systems
A philosophical view suggests the organization exists to serve the mission of the business school, and the systems, faculty and staff exist to facilitate the process of service
The
Business School 7

9. Process of Strategic Planning

10. Process of Strategic Planning
Involving key stakeholders to build broader support and acceptance
Form a steering committee
Develop a strategic plan
Monitor implementation, track progress, and revise the plan
Align the budget with the strategic plan

11. Main Steps of Strategic Planning
Internal and external (SWOT) analysis
Competitor assessment
Developing mission, vision and core values
Business school objectives
Institutional strategies
Business school strategies
Business school sub-strategies, actions, responsibilities, milestones, metrics

12. Components of a Strategic Plan
Mission Statement
Foundation
Values
Institutional Goals
Vision
Supporting Components
Goals and Objectives
Implementation Plan
Strategic Plan
Source: A practical guide to strategic planning in higher education by Karen E. Hinton, (

13. IBA Karachi Vision Mission
"To be among the best learning institutions in Pakistan — recognized for developing potential leaders, nurturing a vibrant community of scholars and practitioners, generating innovative ideas, and promoting creative solutions that address the needs of Pakistan, the region, and the global community"
Mission
To impart quality education in business and allied fields to students selected on merit irrespective of ethnicity, gender, religion, or financial means
To provide a teaching and learning environment that encourages critical thinking, ethical conduct, and effective decision making
To undertake original research that enriches teaching and benefits business, government, and civil society

14. NUST Business School Vision Mission
To earn international acclaim by impacting business and society through entrepreneurial spirit and knowledge creation
Mission
To develop individuals with independent thinking and intellectual capacity necessary to address modern-day business challenges
To progress the practice of management through teaching and research
To promote entrepreneurial spirit in a socially responsible manner
To generate relevant solutions through collaborative academic and industry linkages

15. UCP Business School
We envision UCP Business School as one of the leading business schools of Pakistan both in teaching and research
The mission of the UCP Business School is to develop world class graduates capable of values based, advanced and socially responsible business practice through education that is entrepreneurial in spirit, ethical in focus, and global in orientation

16. CBM of loBM Karachi
Vision: To be the leading business school, nationally and internationally, that is recognized for producing transformational and change leaders and managers
Mission is to enable leadership and management for the development of economy and society through excellence in character, professionalism, education and research

17. Mission Statement
The “Mission” of the “Business School” consists of the following key elements
Creation of knowledge
Dissemination of know-how
Education, training, character building and skills development of students
Executive and continuing education
Consulting, projects and applied research
Building connectivity and linkages

18. Goals and Initiatives
The strategic plans usually contain five to eight goals
The number of initiatives corresponding to each goal varies depending on the scope of the goal
Common strategic goals include academic success of students, diversifying financial resources, improving operations and infrastructure, promoting community engagement, and developing institutional branding
Related initiatives include increasing enrollment and retention, expanding alumni engagement, building sustainable facilities, establishing relationships with community organizations, and designing a new marketing strategy

19. Implementation and Monitoring
The “Business School” leadership takes visible and tangible steps to ensure success of the strategic plan
The plan takes into account the current status and setup targets of measurable goals of the school
The realistic and achievable goals are based upon benchmark indicators of specific desired outcomes
The school generate annual reports on measurable goals and tracks progress on the distinct initiatives of the approved plan

20. Common Difficulties in the Implementation of a Strategic Plan
Parallel planning universe
Differing goals
Unwilling participants
Lack of buy-in
Loss of momentum
Shortage of budget

21. Concluding Thought
“Strategy without tactics is the slowest route to victory, tactics without strategy is the noise before defeat.” 
— Sun Tsu Ancient Chinese Military Strategist

22. Thank you for your support, together we can make a difference.