Strategic Planning Introduction

Strategic Planning

A company’s true value is largely determined by its long-term performance potential as shaped by management’s decisions made today. These decisions guide the translation of the company’s mission, its purpose for existing, into the products and services it provides and hopefully the market wants.

Strategic planning is an iterative, ongoing process consisting of:

Analysis: assessment of the internal and external factors effecting the organization’s ability to achieve its mission     
Alternative Development: detailed assessment of the costs, benefits, and risks associated with strategic alternatives including both major, ongoing and newly proposed activities     
Alternative Selection: identification of the current portfolio components and proposed activities that will be pursued and the timeframe for execution     
Resource Projections: aggregation of the personnel, financial, physical, and technological needs including an assessment of the ability to acquire these resources within the needed timeframe     
Plan Development: final validation of the organization’s mission and compilation and approval of its long-range and annual business plans     

Execution of these iterative processes takes place throughout the year with a frequency dictated by the pace of market change.

Posts in this category are dedicated to discussing the leading practices of companies that successfully execute strategic planning processes to define objectives, drive alignment and enhance performance.

Popularity: 23% [?]


If you're new to StrategyDriven, please consider subscribing to our RSS feed. Thanks for visiting!

AddThis Social Bookmark Button
  Email This Post Email This Post  |   Print Post Print Post  |   No Comments »

Strategic Planning Warning Flag 2 - Near-Term Focus

Strategic Planning

Executives and managers maximize their organization’s value through transformative change brought about by the effective execution of a long-range plan.  Some executives and managers, by setting long-term goals, the achievement of which is supported by a tactically flexible long-range plan, establish the conditions necessary for their organization to realize the significant benefits of transformative change.  In other organizations, executives and managers concern themselves with small incremental improvements, eliminating the possibility of attaining the breakaway successes of truly great organizations.

Read More »

Popularity: 74% [?]

AddThis Social Bookmark Button
  Email This Post Email This Post  |   Print Post Print Post  |   No Comments »

The Welch Way

Diversity & Inclusion, Organizational Accountability, Recommended Resources, Strategic Planning

The Welch Way
a weekly BusinessWeek column and podcast
by Jack and Suzy Welch

About the Reference

The Welch Way is a weekly BusinessWeek column and podcast authored by former GE CEO Jack Welch and his wife, the former editor of the Harvard Business Review, Suzy Welch. These articles cover a wide range of business and career topics offering readers the insights of one of America’s most respected Chief Executives.

Benefits of Using this Reference

Mr. and Mrs. Welch have both achieved unparalleled personal and business success and share their life’s lessons in an actionable way each week within their column. StrategyDriven contributors find great value in The Welch Way not only because it contains step-by-step methods to deal with today’s business and career challenges but because the topics addressed often focus on those areas important to organization’s aspiring to become more strategy driven. Below are just a few of the specific articles we recommend listed by StrategyDriven topic:

Strategic Planning
Organizational Accountability
Diversity and Inclusion

Many of the best practice recommendations found on the StrategyDriven website compliment the actions prescribed in The Welch Way, making this column a StrategyDriven recommended read.

Popularity: 69% [?]

AddThis Social Bookmark Button
  Email This Post Email This Post  |   Print Post Print Post  |   No Comments »

StrategyDriven Podcast Episode 4 - Prioritize the Mission, part 2 of 2

Strategic Planning, StrategyDriven Podcast

StrategyDriven Podcasts focus on the tools and techniques executives and managers can use to improve their organization’s alignment and accountability to ultimately achieve better results. These podcasts elaborate on the best practice and warning flag posts on the StrategyDriven website.

Episode 4 - Prioritize the Mission, part 2 of 2 elaborates on Strategic Planning Best Practice 2 - Prioritize the Mission. This discussion concludes the Prioritize the Mission series by examining in detail the quantitative and qualitative methods to differentiate important mission-based goals.

Final Request…

The strength in our community grows with the additional insights brought by our expanding member base. Please consider voting for us on Podcast Alley by clicking here. Casting your vote for the StrategyDriven Podcast improves our ranking and helps us attract new listeners which, in turn, helps us grow our community.

Thank you again for listening to the StrategyDriven Podcast !

 
icon for podpress  SD004 - Prioritize the Mission, part 2 of 2 [23:10m]: Play Now | Play in Popup | Download (756)

Popularity: 76% [?]

AddThis Social Bookmark Button
  Email This Post Email This Post  |   Print Post Print Post  |   No Comments »

Strategic Planning Best Practice 10 - Future Focus

Strategic Planning

Today’s rapidly changing business environment presents a daunting challenge to executives and managers.  Gone are the days when a company’s competitive advantage could be leveraged to bring it untold riches year after year.  Technology and the phenomenon of the flattening world have created a new market environment in which a company innovates one day only to see its unique creations commoditized the next.

To remain competitive in this new, flatter world, organization leaders must remain focused on the future.  While crystal balls do not exist, corporate leaders must serve as the ultimate futurists; anticipating changes in both market demands as well as the availability of human, technological, and material resources.  Strategic planning should incorporate these predictions while allowing for flexibility and adjustments to be made during tactical execution.

Read More »

Popularity: 53% [?]

AddThis Social Bookmark Button
  Email This Post Email This Post  |   Print Post Print Post  |   No Comments »

StrategyDriven Contributors

StrategyDriven Staff

Contact Us

Reviewed By